Bloomin Brands Inc (BLMN)
Current ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 320,519 | 343,314 | 346,577 | 352,792 | 323,854 |
Total current liabilities | US$ in thousands | 952,336 | 1,002,340 | 978,867 | 984,625 | 950,104 |
Current ratio | 0.34 | 0.34 | 0.35 | 0.36 | 0.34 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $320,519K ÷ $952,336K
= 0.34
The current ratio of Bloomin Brands Inc has been relatively stable over the past five years, ranging from 0.34 to 0.36. This indicates that the company may have challenges meeting its short-term obligations with its current assets alone. A current ratio below 1.0 typically suggests that the company may have liquidity concerns, as its current liabilities exceed its current assets. It would be prudent for Bloomin Brands Inc to closely monitor its liquidity position and take necessary steps to improve its ability to cover its short-term liabilities with its current assets.
Peer comparison
Dec 31, 2024