Texas Roadhouse Inc (TXRH)

Cash ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	104,246	69,324	107,324	156,143	173,861	185,315	180,411	325,723	335,645	436,563	483,419	495,646	363,155	328,636	282,493	230,606	107,879	99,540	144,839	252,107
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	745,434	561,426	571,983	588,098	652,010	515,693	528,459	541,774	602,144	443,854	479,808	508,164	506,318	396,402	402,242	310,861	417,220	332,272	359,065	362,450
Cash ratio		0.14	0.12	0.19	0.27	0.27	0.36	0.34	0.60	0.56	0.98	1.01	0.98	0.72	0.83	0.70	0.74	0.26	0.30	0.40	0.70

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($104,246K + $—K) ÷ $745,434K
= 0.14

The cash ratio of Texas Roadhouse Inc has shown fluctuations over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

Looking at the trend, the cash ratio decreased from 0.70 in Jun 2021 to 0.26 in Dec 2019, indicating a period of lower liquidity. However, the company improved its cash position significantly, with the ratio increasing to 0.98 in Jun 2021.

In the most recent quarter, the cash ratio stands at 0.14, which suggests that the company may have lower liquidity compared to previous quarters. This decrease could be due to various factors, such as increased operating expenses or investment in long-term assets.

Overall, Texas Roadhouse Inc's cash ratio has demonstrated variability in the short term, and investors may want to monitor the company's ability to maintain adequate liquidity levels to meet its short-term obligations.