Bloomin Brands Inc (BLMN)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 111,519 | 84,735 | 87,585 | 109,980 | 67,145 |
| Short-term investments | US$ in thousands | 173,158 | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,002,340 | 978,867 | 984,625 | 950,104 | 962,021 |
| Cash ratio | 0.28 | 0.09 | 0.09 | 0.12 | 0.07 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($111,519K
+ $173,158K)
÷ $1,002,340K
= 0.28
The cash ratio of Bloomin Brands Inc has shown relatively consistent levels over the past five years, ranging from 0.11 to 0.16. This ratio indicates the company's ability to cover its current liabilities with its available cash and cash equivalents.
A cash ratio of 0.16 as of December 31, 2023, suggests that the company had $0.16 in cash and cash equivalents for every $1 of current liabilities. This indicates a slight improvement from the previous year's ratio of 0.14 as of December 25, 2022.
While having a cash ratio above 0.10 generally indicates a healthy liquidity position, it's important to note that Bloomin Brands Inc may still have room for improvement in terms of increasing its cash reserves to better cover its short-term debt obligations. Overall, the company's cash ratio stability suggests a consistent approach to managing liquidity over the years.
Peer comparison
Dec 31, 2023