Jack In The Box Inc (JACK)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	83,567	86,228	102,664	63,251	99,678	82,776	96,657	56,987	103,803	78,490	52,461	55,220	74,335	68,278	86,721	54,702	78,417	88,242	66,331	53,576
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
Quick ratio		0.25	0.25	0.28	0.27	0.46	0.45	0.38	0.46	0.41	0.37	0.33	0.52	0.39	0.52	0.65	1.16	0.82	0.81	0.68	0.29

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($24,745K + $—K + $83,567K) ÷ $434,259K
= 0.25

The quick ratio of Jack In The Box Inc has shown some fluctuations over the past few quarters. As of September 30, 2024, the quick ratio stands at 0.25, indicating that the company may have difficulty meeting its short-term obligations using its most liquid assets. This ratio has remained relatively stable around the 0.25 to 0.28 range for the past year.

A quick ratio below 1.0 suggests that Jack In The Box Inc may have a limited ability to cover its current liabilities with its most liquid assets. It is important for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term financial obligations.

Overall, the downward trend in the quick ratio over the past year may raise concerns about Jack In The Box Inc's short-term liquidity position, and the company may need to assess its current asset mix and working capital management to improve its ability to meet short-term obligations.