Bloomin Brands Inc (BLMN)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 70,056 | 111,519 | 84,735 | 87,585 | 109,980 |
| Short-term investments | US$ in thousands | — | 173,158 | — | — | — |
| Total current liabilities | US$ in thousands | 952,336 | 1,002,340 | 978,867 | 984,625 | 950,104 |
| Cash ratio | 0.07 | 0.28 | 0.09 | 0.09 | 0.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($70,056K
+ $—K)
÷ $952,336K
= 0.07
The cash ratio of Bloomin Brands Inc has fluctuated over the years based on the provided data. As of December 31, 2020, the company's cash ratio was 0.12, indicating that it had $0.12 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased to 0.09 by December 31, 2021 and remained the same at 0.09 by December 31, 2022.
There was a significant improvement in the cash ratio by December 31, 2023, with a value of 0.28, suggesting that the company had increased its cash holdings relative to its current liabilities. However, the cash ratio decreased sharply to 0.07 by December 31, 2024, which may indicate a potential liquidity concern as the company had a lower level of cash reserves compared to its short-term debts.
Overall, the fluctuating trend in Bloomin Brands Inc's cash ratio highlights the importance of monitoring cash management practices and liquidity levels to ensure the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024