Jack In The Box Inc (JACK)

Cash ratio

		Sep 30, 2024	Jul 7, 2024	Apr 14, 2024	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
Cash and cash equivalents	US$ in thousands	24,745	21,646	20,197	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
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	434,259	438,501	439,684	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
Cash ratio		0.06	0.05	0.05	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

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($24,745K + $—K) ÷ $434,259K
= 0.06

The cash ratio of Jack In The Box Inc has fluctuated over the past several quarters, ranging from a low of 0.05 to a high of 0.97. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

In the most recent quarter, the cash ratio was 0.06, which indicates that Jack In The Box Inc may have a relatively lower ability to cover its short-term liabilities with its current cash holdings compared to previous quarters. However, it is important to consider industry benchmarks and historical trends when analyzing the cash ratio.

Overall, while the cash ratio can provide insights into a company's liquidity position, it is essential to complement this analysis with other financial metrics to gain a more comprehensive understanding of Jack In The Box Inc's financial health.