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.
Peer comparison
Dec 31, 2023