J & J Snack Foods Corp (JJSF)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 73,394 | 64,047 | 43,645 | 50,020 | 49,581 | 65,643 | 43,283 | 54,866 | 35,181 | 81,283 | 221,017 | 268,460 | 283,192 | 276,268 | 238,386 | 228,335 | 195,809 | 169,961 | 142,969 | 170,327 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 2,008 | 9,719 | 10,128 | 10,481 | 12,833 | 18,064 | 21,175 | 33,897 | 48,020 | 51,151 | 71,500 | 82,284 | 80,135 |
| Total current liabilities | US$ in thousands | 174,073 | 203,190 | 174,595 | 165,315 | 174,944 | 187,576 | 159,111 | 160,178 | 181,839 | 198,991 | 165,716 | 158,098 | 167,629 | 159,867 | 143,197 | 132,691 | 134,126 | 127,840 | 128,057 | 134,260 |
| Cash ratio | 0.42 | 0.32 | 0.25 | 0.30 | 0.28 | 0.35 | 0.27 | 0.36 | 0.25 | 0.46 | 1.40 | 1.78 | 1.80 | 1.86 | 1.90 | 2.08 | 1.84 | 1.89 | 1.76 | 1.87 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($73,394K
+ $—K)
÷ $174,073K
= 0.42
The cash ratio of J & J Snack Foods Corp has fluctuated over the past few years, ranging from a low of 0.25 to a high of 2.08.
In recent periods, the cash ratio has been relatively stable, hovering around 0.25 to 0.42. This indicates that the company has a moderate level of cash on hand to cover its short-term liabilities.
However, in the earlier periods such as in 2022 and 2021, the cash ratio spiked significantly, reaching levels as high as 1.40 to 2.08. This suggests that the company had a large amount of cash relative to its short-term obligations during those periods.
Overall, a cash ratio above 1.0 is considered healthy as it indicates that the company has more than enough cash to cover its short-term liabilities. On the other hand, a cash ratio below 1.0 may signal potential liquidity concerns. J & J Snack Foods Corp's cash ratio has displayed fluctuations, indicating varying levels of liquidity over time.