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.