Texas Roadhouse Inc (TXRH)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($245,225K
+ $—K
+ $—K)
÷ $828,130K
= 0.30
The quick ratio of Texas Roadhouse Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the ability of a company to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From March 31, 2020, to June 30, 2021, the quick ratio improved steadily from 0.74 to 1.01, indicating an increased ability to cover short-term obligations. However, from December 31, 2021, to September 30, 2022, the quick ratio decreased significantly to as low as 0.27, suggesting a potential liquidity risk.
The quick ratio continued to fluctuate between 0.19 and 0.36 from June 30, 2023, to September 30, 2023. It remained relatively stable around 0.30 from December 31, 2023, to December 31, 2024, indicating some level of stability in the company's ability to cover short-term liabilities with its liquid assets.
Overall, the trend of the quick ratio suggests that Texas Roadhouse Inc experienced periods of both strength and weakness in its ability to meet short-term obligations with its liquid assets over the analyzed period. Monitoring the quick ratio is important for assessing the company's liquidity position and potential risks.
Peer comparison
Dec 31, 2024