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.