Domino’s Pizza Inc (DPZ)
Cash ratio
| Dec 31, 2023 | Sep 10, 2023 | Jun 18, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 11, 2022 | Jun 19, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 12, 2021 | Jun 20, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 6, 2020 | Jun 14, 2020 | Mar 22, 2020 | Dec 31, 2019 | Sep 8, 2019 | Jun 16, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 114,098 | 80,879 | 77,020 | 154,193 | 60,356 | 114,776 | 114,353 | 164,962 | 148,160 | 295,352 | 292,095 | 267,719 | 168,821 | 330,719 | 247,952 | 200,801 | 190,615 | 66,706 | 108,259 | 83,114 |
| Short-term investments | US$ in thousands | — | — | — | — | 13,395 | — | — | — | 15,433 | — | — | 82,500 | 13,251 | — | — | — | 11,982 | — | — | — |
| Total current liabilities | US$ in thousands | 547,350 | 562,941 | 547,528 | 556,365 | 536,621 | 578,737 | 575,449 | 594,824 | 590,741 | 596,354 | 554,354 | 501,835 | 470,819 | 488,525 | 459,868 | 452,169 | 453,831 | 421,245 | 412,906 | 412,013 |
| Cash ratio | 0.21 | 0.14 | 0.14 | 0.28 | 0.14 | 0.20 | 0.20 | 0.28 | 0.28 | 0.50 | 0.53 | 0.70 | 0.39 | 0.68 | 0.54 | 0.44 | 0.45 | 0.16 | 0.26 | 0.20 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($114,098K
+ $—K)
÷ $547,350K
= 0.21
Dominos Pizza Inc's cash ratio has fluctuated over the past eight quarters, indicating variations in its ability to cover its short-term liabilities with cash and cash equivalents. The trend shows that the cash ratio was highest in Q1 2023 at 0.34, reflecting a strong liquidity position. However, this ratio decreased in subsequent quarters, reaching its lowest point in Q4 2022 at 0.18. This indicates a potential liquidity challenge during that period. Overall, Dominos Pizza Inc should continue to monitor its cash ratio closely to ensure it maintains a healthy level of liquidity to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023