Texas Roadhouse Inc (TXRH)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	175,474	48,967	60,537	41,528	150,264	37,804	45,465	45,152	161,358	52,346	48,600	37,742	98,418	32,015	30,285	25,441	99,305	33,948	39,409	34,685
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
Quick ratio		0.38	0.21	0.29	0.34	0.50	0.43	0.43	0.68	0.83	1.10	1.11	1.05	0.91	0.91	0.78	0.82	0.50	0.40	0.51	0.79

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($104,246K + $—K + $175,474K) ÷ $745,434K
= 0.38

The quick ratio of Texas Roadhouse Inc has fluctuated over the past few quarters, ranging from a low of 0.21 to a high of 1.11. The quick ratio measures the company's ability 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 with its current liquid assets. Texas Roadhouse Inc experienced a low quick ratio of 0.21 in September 2023, which may raise concerns about its short-term liquidity position at that time.

On the other hand, a quick ratio above 1 suggests that the company has more than enough liquid assets to cover its short-term obligations. The company achieved a high quick ratio of 1.11 in June 2021, indicating a strong liquidity position at that point in time.

Overall, the trend in Texas Roadhouse Inc's quick ratio suggests some variability in its short-term liquidity position over the periods analyzed. Investors and stakeholders may want to monitor the quick ratio closely to assess the company's ability to meet its short-term financial obligations.