Bloomin Brands Inc (BLMN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 70,056 | 111,519 | 84,735 | 87,585 | 109,980 |
| Short-term investments | US$ in thousands | — | 173,158 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 952,336 | 1,002,340 | 978,867 | 984,625 | 950,104 |
| Quick ratio | 0.07 | 0.28 | 0.09 | 0.09 | 0.12 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($70,056K
+ $—K
+ $—K)
÷ $952,336K
= 0.07
The quick ratio of Bloomin Brands Inc has displayed fluctuations over the years based on the provided data. In December 2020, the quick ratio was 0.12, indicating that the company had $0.12 in liquid assets available to cover each dollar of its current liabilities. By December 2021 and 2022, the quick ratio decreased to 0.09, suggesting a decline in the company's ability to quickly cover its short-term obligations with its current liquid assets.
However, there was a significant improvement in the quick ratio by December 2023, where it rose to 0.28. This indicates a notable increase in the company's liquidity position, with $0.28 in liquid assets available for every dollar of current liabilities. Nevertheless, the quick ratio dropped again to 0.07 by December 2024, signaling a potential decrease in the company's ability to meet its short-term financial obligations promptly.
Overall, the fluctuating trend in Bloomin Brands Inc's quick ratio over the years highlights varying degrees of liquidity and short-term solvency challenges that the company may have faced. It is essential for stakeholders to monitor these fluctuations closely to assess the company's liquidity risk and ability to meet its current financial obligations effectively.
Peer comparison
Dec 31, 2024