Jack In The Box Inc (JACK)

Cash ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	157,653	108,890	55,346	199,662	125,536
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	559,620	521,683	329,066	340,354	157,923
Cash ratio		0.28	0.21	0.17	0.59	0.79

September 30, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($157,653K + $—K) ÷ $559,620K
= 0.28

The cash ratio of Jack In The Box Inc has shown fluctuations over the past five years, ranging from 0.17 to 0.79. A higher cash ratio indicates the company has a greater ability to cover its short-term liabilities with its available cash and cash equivalents.

In 2019, the cash ratio was 0.79, suggesting Jack In The Box Inc had a strong ability to meet its short-term obligations with its cash reserves. However, in subsequent years, the cash ratio decreased significantly to 0.17 in 2021, indicating a decline in the company's liquidity position.

The most recent data for 2023 shows an improvement in the cash ratio to 0.28, which suggests the company has increased its liquidity compared to the previous year. It is important for investors and analysts to monitor this ratio closely to assess the company's short-term liquidity position and its ability to meet financial obligations as they come due.