Bloomin Brands Inc (BLMN)

Cash 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 and cash equivalents	US$ in thousands	111,519	86,579	88,794	94,441	84,735	90,678	95,346	97,795	87,585	76,337	101,285	136,658	109,980	160,032	181,432	403,395	67,145	51,408	64,653	82,766
Short-term investments	US$ in thousands	173,158	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-26,627	—	—	—
Total current liabilities	US$ in thousands	1,002,340	919,821	911,606	920,433	978,867	911,322	909,850	935,648	984,625	897,215	913,456	931,983	950,104	838,973	810,838	838,030	962,021	790,805	786,584	821,975
Cash ratio		0.28	0.09	0.10	0.10	0.09	0.10	0.10	0.10	0.09	0.09	0.11	0.15	0.12	0.19	0.22	0.48	0.04	0.07	0.08	0.10

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 remained relatively stable over the past 8 quarters, ranging between 0.14 and 0.16. This indicates that the company has a moderate ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio of 0.16 in Q4 2023 suggests that for every dollar of current liabilities, the company has $0.16 in cash and cash equivalents available.

While the cash ratio provides an indication of short-term liquidity, it should be considered in conjunction with other liquidity ratios and factors to assess the overall financial health of the company. Bloomin Brands Inc's cash ratio within this range over the past quarters shows consistency in its ability to meet short-term obligations with its available cash resources. Further analysis of the company's cash management policies and cash flow trends can provide a more comprehensive understanding of its liquidity position.