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The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Red Robin Gourmet Burgers's Cash Ratio for the quarter that ended in Dec. 2023 was 0.13.
Red Robin Gourmet Burgers has a Cash Ratio of 0.13. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Red Robin Gourmet Burgers's Cash Ratio or its related term are showing as below:
During the past 13 years, Red Robin Gourmet Burgers's highest Cash Ratio was 0.22. The lowest was 0.08. And the median was 0.12.
The historical data trend for Red Robin Gourmet Burgers's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Red Robin Gourmet Burgers Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 0.15 | 0.08 | 0.10 | 0.22 | 0.13 |
Red Robin Gourmet Burgers Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Apr23 | Sep23 | Dec23 | |
Cash Ratio | Get a 7-Day Free Trial | 0.24 | 0.22 | 0.24 | 0.24 | 0.13 |
For the Restaurants subindustry, Red Robin Gourmet Burgers's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Restaurants industry and Consumer Cyclical sector, Red Robin Gourmet Burgers's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Red Robin Gourmet Burgers's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Red Robin Gourmet Burgers's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Ratio (A: Dec. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 23.634 | / | 186.337 | |
= | 0.13 |
Red Robin Gourmet Burgers's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:
Cash Ratio (Q: Dec. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 23.634 | / | 186.337 | |
= | 0.13 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Red Robin Gourmet Burgers (NAS:RRGB) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Red Robin Gourmet Burgers's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Archon Capital Management Llc | 10 percent owner | 1100 19TH AVENUE EAST, SEATTLE WA 98112 |
Jyoti A. Lynch | officer: CHIEF TECHNOLOGY OFFICER | 5830 GRANITE PARKWAY, 3RD FLOOR, PLANO TX 75024 |
Gerard Johan Hart | director | 6040 DUTCHMANS LANE, SUITE 200, LOUISVILLE KY 40205 |
Christofilis, Constantinos | 10 percent owner | 2010 EAST GALER STREET, SEATTLE WA 98112 |
Nicole Miller Regan | director | 10000 E GEDDES AVE, STE 500, ENGLEWOOD CO 80112 |
Allison A. Page | director | 6312 S FIDDLERS GREEN CIRCLE, SUITE 200N, GREENWOOD VILLAGE CO 80111 |
Kevin E. Mayer | officer: Chief Marketing Officer | 7755 CENTER AVE., SUITE 300, HUNTINGTON BEACH CA 92647 |
Geoffrey Wayne Davis | officer: Chief Human Resource Officer | 6312 S FIDDLERS GREEN CIRCLE, 200N, GREENWOOD VILLAGE CO 80111 |
Sarah A. Mussetter | officer: CHIEF LEGAL OFFICER | HOLME ROBERTS & OWEN LLP, 1700 LINCOLN STREET, SUITE 4100, DENVER CO 80203 |
David Pace | director | |
Thomas G. Conforti | director | WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054 |
Joshua Todd Wilson | officer: CHIEF FINANCIAL OFFICER | 10000 E GEDDES AVE, STE 500, ENGLEWOOD CO 80112 |
Steve Lumpkin | director | 10580 W. 192ND PLACE, SPRING HILLS KS 60083 |
Cheri Kinder | officer: Chief Accounting Officer | 14800 LANDMARK BOULEVARD, SUITE 500, ADDISON TX 75254 |
Murphy Paul J B Iii | director, officer: President and CEO |
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