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.