Bloomin Brands Inc (BLMN)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	320,519	261,058	287,561	284,652	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	160,032	327,583	572,446
Total current liabilities	US$ in thousands	952,336	848,970	867,270	894,057	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
Current ratio		0.34	0.31	0.33	0.32	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	0.19	0.40	0.68

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 shown fluctuations over the past few years. It decreased from 0.68 as of March 31, 2020, to 0.19 as of September 30, 2020, indicating potential liquidity concerns during that period. Subsequently, the current ratio improved to 0.36 by December 31, 2021, before dipping to 0.27 by March 31, 2022.

The current ratio remained relatively stable around 0.30 from June 30, 2022, to September 30, 2024. This suggests that the company maintained a consistently low level of current assets relative to current liabilities during this period. Overall, fluctuations in the current ratio may indicate changes in Bloomin Brands Inc's liquidity position, affecting its ability to meet short-term obligations.