Bloomin Brands Inc (BLMN)

Current 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
Total current assets	US$ in thousands	343,314	261,125	247,891	247,846	346,577	275,710	292,926	271,287	352,792	240,659	247,063	272,989	323,854	298,195	327,583	572,446	340,468	211,583	233,899	249,824
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
Current ratio		0.34	0.28	0.27	0.27	0.35	0.30	0.32	0.29	0.36	0.27	0.27	0.29	0.34	0.36	0.40	0.68	0.35	0.27	0.30	0.30

December 31, 2023 calculation

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

Based on the data provided from Q1 2022 to Q4 2023, Bloomin Brands Inc's current ratio has been fluctuating. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position.

In Q4 2023, the current ratio stands at 0.34, showing an improvement from the previous quarter. However, it is still relatively low, indicating that the company may have difficulty covering its short-term obligations with its current assets alone.

The trend over the past few quarters shows some volatility with ratios ranging from 0.27 to 0.35. This inconsistency suggests that Bloomin Brands Inc may be experiencing challenges in managing its short-term liquidity effectively.

It is essential for the company to closely monitor its current assets and liabilities to ensure it can meet its financial obligations promptly. Further analysis and comparison with industry benchmarks would provide more insights into the company's liquidity position.