Bloomin Brands Inc (BLMN)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 111,519 | 84,735 | 87,585 | 109,980 | 67,145 |
| Short-term investments | US$ in thousands | 173,158 | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,002,340 | 978,867 | 984,625 | 950,104 | 962,021 |
| Quick ratio | 0.28 | 0.09 | 0.09 | 0.12 | 0.07 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($111,519K
+ $173,158K
+ $—K)
÷ $1,002,340K
= 0.28
The quick ratio of Bloomin Brands Inc has remained relatively stable over the past five years, ranging from 0.26 to 0.28. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities using only its most liquid assets.
The gradual decline in the quick ratio from 0.28 in 2021 to 0.26 in 2019 suggests that Bloomin Brands Inc may have experienced challenges in maintaining sufficient liquidity to cover its short-term obligations. This downward trend could signal potential financial strain and the need for the company to improve its liquidity position to safeguard against liquidity risks. Further analysis of the company's cash flow management and working capital policies could provide insights into the factors influencing the downward trend in the quick ratio.
Peer comparison
Dec 31, 2023