Papa John's International Inc (PZZA)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 37,955 | 40,587 | 47,373 | 70,610 | 130,204 |
| Short-term investments | US$ in thousands | — | 107 | 986 | — | — |
| Total current liabilities | US$ in thousands | 277,963 | 304,596 | 265,157 | 287,424 | 288,869 |
| Cash ratio | 0.14 | 0.13 | 0.18 | 0.25 | 0.45 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($37,955K
+ $—K)
÷ $277,963K
= 0.14
The cash ratio for Papa John's International Inc has shown a declining trend over the years, starting at 0.45 in December 31, 2020, and decreasing to 0.25 by December 31, 2021, 0.18 by December 31, 2022, 0.13 by December 31, 2023, and slightly increasing to 0.14 by December 31, 2024. This decreasing trend indicates that the company may be holding relatively less cash and cash equivalents compared to its current liabilities over time. It is important to closely monitor this ratio as a low cash ratio may suggest potential liquidity challenges for the company if its ability to meet short-term obligations is compromised.
Peer comparison
Dec 31, 2024