Darden Restaurants Inc (DRI)
Cash ratio
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 194,800 | 243,900 | 195,700 | 192,100 | 367,800 | 275,300 | 240,700 | 377,500 | 420,600 | 555,300 | 746,300 | 947,800 | 1,214,700 | 993,900 | 777,300 | 654,600 | 763,300 | 321,700 | 157,300 | 350,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 1,000 | 6,500 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,192,500 | 2,272,400 | 2,381,600 | 2,094,200 | 1,937,400 | 1,950,400 | 1,906,400 | 1,825,300 | 1,847,500 | 1,815,900 | 1,780,700 | 1,715,000 | 1,848,300 | 1,646,500 | 1,546,100 | 1,543,900 | 1,792,800 | 1,683,100 | 1,557,500 | 1,548,600 |
| Cash ratio | 0.09 | 0.11 | 0.08 | 0.09 | 0.19 | 0.14 | 0.13 | 0.21 | 0.23 | 0.31 | 0.42 | 0.56 | 0.66 | 0.60 | 0.50 | 0.42 | 0.43 | 0.19 | 0.10 | 0.23 |
May 26, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($194,800K
+ $—K)
÷ $2,192,500K
= 0.09
The cash ratio of Darden Restaurants Inc has shown fluctuation over the periods provided. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From February 2020 to May 2021, the cash ratio remained relatively stable between 0.19 and 0.66, indicating a healthy liquidity position. However, from November 2021 to February 2022, there was a significant increase in the cash ratio to 0.42 to 0.56, suggesting a further improvement in liquidity.
Subsequently, from May 2022 to May 2024, the cash ratio declined gradually from 0.31 to 0.09, which could indicate a potential decrease in the company's ability to cover short-term obligations with its available cash.
Overall, while the cash ratio of Darden Restaurants Inc has displayed some variability, it is essential to consider other financial metrics alongside the cash ratio to gain a comprehensive understanding of the company's liquidity position.
Peer comparison
May 26, 2024