Jack In The Box Inc (JACK)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 45,235 | 57,647 | 70,174 |
| 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 |
| Quick ratio | 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 | 1.08 | 0.32 | 0.39 |
January 21, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($53,975K
+ $—K
+ $63,251K)
÷ $426,909K
= 0.27
The quick ratio of Jack In The Box, Inc. has displayed fluctuations over the past eight quarters, ranging from a low of 0.31 in Q1 2024 to a high of 0.50 in Q4 2023. Generally, a quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets.
The gradual improvement in the quick ratio from Q1 2023 to Q4 2023 suggests that the company may have strengthened its ability to cover its current liabilities with its quick assets. However, the sharp decline in Q1 2024 may raise concerns about the company's liquidity position in the short term.
Overall, further analysis, including comparisons with industry peers and trends in the company's cash and marketable securities, is necessary to fully assess Jack In The Box, Inc.'s liquidity position and its ability to meet its short-term obligations.
Peer comparison
Jan 21, 2024