J & J Snack Foods Corp (JJSF)

Quick 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	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
Receivables	US$ in thousands	189,233	208,665	178,312	166,156	198,129	217,520	198,442	187,321	208,178	253,469	187,933	162,585	162,939	154,845	137,683	113,210	126,587	116,488	134,746	131,574
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
Quick ratio		1.51	1.34	1.27	1.31	1.42	1.51	1.52	1.52	1.39	1.73	2.53	2.81	2.77	2.83	2.86	2.94	2.79	2.80	2.81	2.85

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($73,394K + $—K + $189,233K) ÷ $174,073K
= 1.51

The quick ratio of J & J Snack Foods Corp has exhibited a relatively stable trend over the past 20 quarters, ranging from 1.27 to 2.94. A quick ratio above 1 indicates that the company has more than enough liquid assets to cover its current liabilities, suggesting a healthy liquidity position.

The quick ratio peaked at 2.94 in the quarter ending December 31, 2020, which may indicate a period of significant liquidity strength for the company. However, the quick ratio has since declined but generally remained above 1.3, indicating a continued ability to meet short-term obligations without relying heavily on inventory or slow-moving assets.

Overall, the quick ratio trend for J & J Snack Foods Corp demonstrates a consistent focus on maintaining a strong liquidity position, which is crucial for meeting short-term financial obligations and responding effectively to unforeseen financial challenges.