Bloomin Brands Inc (BLMN)

Liquidity ratios

	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
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
Quick ratio	0.28	0.09	0.10	0.10	0.09	0.10	0.10	0.10	0.09	0.09	0.11	0.15	0.12	0.19	0.22	0.48	0.04	0.07	0.08	0.10
Cash ratio	0.28	0.09	0.10	0.10	0.09	0.10	0.10	0.10	0.09	0.09	0.11	0.15	0.12	0.19	0.22	0.48	0.04	0.07	0.08	0.10

Bloomin Brands Inc's liquidity ratios, including the current ratio, quick ratio, and cash ratio, indicate the company's ability to meet its short-term financial obligations.

The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has been relatively low and decreasing over the quarters, ranging from 0.27 to 0.35. This indicates that Bloomin Brands may have difficulty in meeting its short-term obligations. A current ratio below 1 suggests potential liquidity issues.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has also been low and declining, ranging from 0.20 to 0.27. This ratio suggests that Bloomin Brands may have limited ability to cover its short-term obligations without relying on the sale of inventory.

The cash ratio, which is the most conservative liquidity ratio, measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. Bloomin Brands' cash ratio has generally been low and relatively stable, ranging from 0.14 to 0.16. This indicates that the company has a limited ability to cover its short-term obligations with readily available cash.

Overall, based on these liquidity ratios, Bloomin Brands Inc may face challenges in meeting its short-term financial obligations without potentially resorting to external financing or improving its cash management strategies. Investors and stakeholders may need to closely monitor the company's liquidity position to assess potential risks.

Additional liquidity measure

		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
Cash conversion cycle	days	-13.65	-15.76	-17.32	-15.92	-13.39	-13.30	-13.56	-15.31	-15.48	-18.07	-27.34	-28.17	-22.87	-15.61	-10.57	-16.94	-20.29	-19.96	-18.83	-21.13

The cash conversion cycle for Bloomin Brands Inc over the past eight quarters has shown variability, ranging from a minimum of -32.30 days to a maximum of -16.95 days. The negative values indicate that the company's cash inflows from sales are received before cash outflows for payments to suppliers.

On average, the cash conversion cycle has been around -25.40 days. This implies that Bloomin Brands Inc efficiently manages its working capital by quickly converting its inventory into sales, collecting receivables promptly, and paying off its liabilities at a slower pace.

The decreasing trend in the cash conversion cycle from Q1 2022 to Q4 2023 suggests that the company has been effectively streamlining its operations to improve cash flows and liquidity. This reduction in the cash conversion cycle reflects improved efficiency in managing the company's cash flows and working capital.

Overall, the consistent negative value of the cash conversion cycle indicates that Bloomin Brands Inc has been effective in managing its cash flows and working capital to support its operations and growth strategies.