Texas Roadhouse Inc (TXRH)

Cash 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	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	245,225	189,205	197,454	213,428	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
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	828,130	627,564	644,327	686,428	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
Cash ratio		0.30	0.30	0.31	0.31	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

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($245,225K + $—K) ÷ $828,130K
= 0.30

Texas Roadhouse Inc's cash ratio has fluctuated over the years, starting at 0.74 as of March 31, 2020, and gradually increasing to a peak of 1.01 as of June 30, 2021. This indicates the company had sufficient cash and cash equivalents to cover its current liabilities during this period.

However, starting from December 31, 2021, the cash ratio began to decline, reaching its lowest point of 0.12 as of September 30, 2023. This suggests that the company may have faced challenges in maintaining adequate cash reserves relative to its short-term obligations during this phase.

While the cash ratio showed some improvement in the following periods, such as March 31, 2024, at 0.31, it remained relatively stable around this level in the most recent quarters.

Overall, Texas Roadhouse Inc's cash ratio trend indicates fluctuations in its ability to meet short-term obligations with available cash, highlighting the importance of monitoring liquidity levels to ensure financial stability.