Jack In The Box Inc (JACK)

Current 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
Total current assets	US$ in thousands	188,913	325,984	295,536	249,989	264,350	282,993	204,932	171,948	162,556	168,958	189,207	212,023	359,837	335,581	310,132	265,952	118,353	227,128	105,997	105,336
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
Current ratio		0.44	0.58	0.56	0.50	0.57	0.54	0.44	0.41	0.58	0.51	0.58	0.70	1.21	0.99	0.88	0.77	0.38	1.44	0.48	0.58

January 21, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $188,913K ÷ $426,909K
= 0.44

The current ratio for Jack In The Box, Inc. has shown fluctuation over the past eight quarters, ranging from a low of 0.41 in Q2 2022 to a high of 0.58 in Q4 2023.

The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio below 1 indicates that the company may have difficulties meeting its short-term obligations. Therefore, Jack In The Box, Inc. has had current ratios below 1 in all the reported quarters, indicating potential liquidity challenges.

The ratios have generally been in the range of 0.41 to 0.58, with some quarters showing slight improvements and others showing declines. While the current ratio improved in Q4 2023 compared to the previous quarters, it remains below 1, suggesting that the company may still have liquidity concerns.

It would be advisable for investors and analysts to monitor Jack In The Box, Inc.'s current ratio closely to assess its liquidity position and ability to meet short-term obligations.