Wingstop Inc (WING)

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	90,216	77,983	188,500	196,198	184,496	173,511	165,824	287,013	48,583	50,125	43,504	39,993	40,858	48,230	45,766	31,030	12,849	9,472	17,075	13,625
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	12,408	11,951	10,747	—	9,461	8,829	7,234	6,385	8,110	6,052	5,854	5,950	4,929	5,378	5,580	5,140	5,175	5,859	5,548	4,918
Total current liabilities	US$ in thousands	71,004	67,332	58,788	79,311	62,412	60,655	52,665	171,368	39,681	59,309	51,645	48,178	50,473	57,420	47,579	45,291	32,929	36,991	23,861	29,019
Quick ratio		1.45	1.34	3.39	2.47	3.11	3.01	3.29	1.71	1.43	0.95	0.96	0.95	0.91	0.93	1.08	0.80	0.55	0.41	0.95	0.64

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($90,216K + $—K + $12,408K) ÷ $71,004K
= 1.45

The quick ratio of Wingstop Inc has exhibited some fluctuations over the past few quarters, ranging from as low as 0.41 to as high as 3.39. A quick ratio above 1 indicates that the company has an adequate amount of liquid assets to cover its short-term liabilities.

In recent quarters, Wingstop Inc has generally maintained a healthy quick ratio above 1, indicating a strong ability to meet its short-term obligations. The company experienced a significant increase in the quick ratio in the third quarter of 2023, reaching 3.39, which suggests a substantial improvement in its liquidity position during that period.

However, it is worth noting that the quick ratio dropped in the following quarter but remained above 1, indicating that Wingstop Inc is still in a good position to cover its short-term liabilities. Overall, the company's quick ratio trend suggests a generally sound liquidity position and ability to comfortably meet its short-term financial obligations.