Jack In The Box Inc (JACK)
Cash ratio
| Jan 21, 2024 | Sep 30, 2023 | Jul 9, 2023 | Apr 16, 2023 | Jan 22, 2023 | Sep 30, 2022 | Jul 10, 2022 | Apr 17, 2022 | Jan 23, 2022 | Sep 30, 2021 | Jun 30, 2021 | Apr 11, 2021 | Jan 17, 2021 | Sep 30, 2020 | Jul 5, 2020 | Apr 12, 2020 | Jan 19, 2020 | Sep 30, 2019 | Jul 7, 2019 | Apr 14, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 53,975 | 157,653 | 154,073 | 94,911 | 153,846 | 108,890 | 92,915 | 84,633 | 88,466 | 55,346 | 102,441 | 108,774 | 288,575 | 199,662 | 196,913 | 169,184 | 38,286 | 125,536 | 12,447 | 1,590 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 426,909 | 559,620 | 524,034 | 498,763 | 461,315 | 521,683 | 467,830 | 418,723 | 277,914 | 329,066 | 325,650 | 302,392 | 297,129 | 340,354 | 352,851 | 345,712 | 314,321 | 157,923 | 218,849 | 182,128 |
| Cash ratio | 0.13 | 0.28 | 0.29 | 0.19 | 0.33 | 0.21 | 0.20 | 0.20 | 0.32 | 0.17 | 0.31 | 0.36 | 0.97 | 0.59 | 0.56 | 0.49 | 0.12 | 0.79 | 0.06 | 0.01 |
January 21, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($53,975K
+ $—K)
÷ $426,909K
= 0.13
Jack In The Box, Inc.'s cash ratio has displayed fluctuations over the past eight quarters. The cash ratio, which measures a company's ability to cover its short-term liabilities with cash and cash equivalents, provides insights into its liquidity position.
In Q1 2023, the cash ratio was at a relatively high level of 0.37, indicating that the company had a strong ability to cover its obligations with cash on hand. However, in Q1 2024, the ratio dropped to 0.16, suggesting a decline in liquidity compared to the previous quarter.
Overall, the cash ratio for Jack In The Box, Inc. has ranged from 0.16 to 0.37 over the past eight quarters, with the highest value observed in Q1 2023. This indicates that the company may have experienced fluctuations in its cash holdings and liquidity position during this period.
Further analysis and comparison with industry benchmarks and historical trends would be valuable to assess the company's cash management efficiency and ability to meet its short-term obligations.
Peer comparison
Jan 21, 2024