Bloomin Brands Inc (BLMN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 70,056 | 83,632 | 117,919 | 131,664 | 111,519 | 86,579 | 88,794 | 94,441 | 84,735 | 90,678 | 95,346 | 97,795 | 87,585 | 76,337 | 101,285 | 136,658 | 109,980 | 160,032 | 181,432 | 403,395 |
| Short-term investments | US$ in thousands | — | — | — | 223,038 | 173,158 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.07 | 0.10 | 0.14 | 0.40 | 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 |
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, which measures the company's ability to cover its short-term liabilities with its most liquid assets, has shown some fluctuations over the past few years.
From March 31, 2020, to December 31, 2021, the quick ratio declined steadily from 0.48 to 0.09, indicating a weakening ability to meet short-term obligations with readily available assets. This trend may raise concerns about the company's liquidity position during this period.
However, there was a slight improvement in the quick ratio to 0.10 by March 31, 2022, which was maintained through September 30, 2022, before dropping slightly to 0.09 by December 31, 2022.
The quick ratio then fluctuated between 0.09 and 0.40 throughout 2023, indicating continued volatility in the company's liquidity position.
By the end of 2024, the quick ratio significantly increased to 0.07, which may suggest improved liquidity compared to the previous periods. Overall, the quick ratio of Bloomin Brands Inc has shown fluctuations over the years, with some periods indicating potential liquidity challenges while others showing improvements.
Peer comparison
Dec 31, 2024