Bloomin Brands Inc (BLMN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	343,314	346,577	352,792	323,854	340,468
Total current liabilities	US$ in thousands	1,002,340	978,867	984,625	950,104	962,021
Current ratio		0.34	0.35	0.36	0.34	0.35

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $343,314K ÷ $1,002,340K
= 0.34

Bloomin Brands Inc's current ratio has been relatively stable over the past five years, ranging from 0.34 to 0.36. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulty covering its short-term liabilities with its current assets.

In the case of Bloomin Brands Inc, the current ratio has consistently been below 1, suggesting a potential liquidity risk. A current ratio of 0.34 at the end of 2023 indicates that the company has $0.34 in current assets for every $1 of current liabilities. This implies that Bloomin Brands Inc may face challenges in meeting its short-term obligations using its current assets alone.

It is important for investors and stakeholders to closely monitor Bloomin Brands Inc's ability to improve its current ratio over time to ensure sufficient liquidity for the company's operations and financial health.