Bloomin Brands Inc (BLMN)

Quick ratio

		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	US$ in thousands	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	67,145	51,408	64,653	82,766
Short-term investments	US$ in thousands	173,158	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-26,627	—	—	—
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	962,021	790,805	786,584	821,975
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

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, also known as the acid-test ratio, provides insight into a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger ability to cover short-term liabilities.

Based on the data provided for Bloomin Brands Inc over the past eight quarters, the quick ratio has shown some fluctuation. In Q4 2023, the quick ratio was 0.26, which decreased from the previous quarter's figure of 0.21. This indicates a slight improvement in the company's short-term liquidity position compared to the previous quarter.

Looking at the trend over the past year, there have been variations in the quick ratio, with values ranging from 0.20 to 0.27. Overall, the quick ratio has generally been around 0.20 to 0.27, suggesting that Bloomin Brands Inc has had some challenges in maintaining a strong liquidity position to cover its short-term obligations.

It is important for the company to closely monitor its quick ratio and work towards improving it in order to enhance its ability to meet its short-term liabilities efficiently. Management should focus on managing its current assets and liabilities effectively to ensure the company's financial health and sustainability in the short term.