Shake Shack Inc (SHAK)
Quick ratio
| Dec 31, 2024 | 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 | Sep 23, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 320,714 | 310,865 | 301,838 | 260,203 | 224,653 | 190,020 | 203,697 | 293,430 | 230,521 | 256,998 | 278,332 | 279,251 | 302,406 | 321,421 | 340,103 | 374,999 | 146,873 | 174,883 | 174,883 | 173,984 |
| Short-term investments | US$ in thousands | 0 | 0 | 2,574 | 24,570 | 68,561 | 94,957 | 91,537 | 80,707 | 80,707 | 80,015 | 79,625 | 79,676 | 80,000 | 80,082 | 80,105 | 40,914 | 36,887 | 16,879 | 16,879 | 16,833 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7,729 | — |
| Total current liabilities | US$ in thousands | 187,313 | 175,833 | 168,088 | 161,083 | 164,062 | 152,177 | 150,185 | 143,052 | 147,718 | 144,542 | 133,909 | 125,961 | 121,497 | 118,259 | 124,491 | 118,749 | 109,705 | 104,266 | 104,266 | 96,673 |
| Quick ratio | 1.71 | 1.77 | 1.81 | 1.77 | 1.79 | 1.87 | 1.97 | 2.62 | 2.11 | 2.33 | 2.67 | 2.85 | 3.15 | 3.40 | 3.38 | 3.50 | 1.68 | 1.84 | 1.91 | 1.97 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($320,714K
+ $0K
+ $—K)
÷ $187,313K
= 1.71
The quick ratio of Shake Shack Inc has shown some fluctuations over the past few years. It has generally remained above 1, indicating a healthy liquidity position.
From June 30, 2020, to September 30, 2022, the quick ratio exhibited a positive trend, peaking at 3.50 on March 31, 2021. This indicates an increasing ability to cover short-term obligations with its most liquid assets.
However, after September 30, 2022, the quick ratio started to decline, falling to 1.71 by December 31, 2024. This decrease may signal a slight weakening in Shake Shack's ability to meet its short-term obligations with its quick assets.
Overall, while the quick ratio has fluctuated, Shake Shack Inc has generally maintained a healthy liquidity position, with the ability to cover short-term liabilities with its most liquid assets throughout the period under consideration.
Peer comparison
Dec 31, 2024