Bloomin Brands Inc (BLMN)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 8.37 | 12.24 | 15.22 | 811.12 | 21.09 |
The solvency ratios of Bloomin Brands Inc indicate the company's ability to meet its financial obligations and the extent to which it relies on debt financing.
1. Debt-to-assets ratio: This ratio demonstrates the proportion of the company's assets financed by debt. Bloomin Brands Inc has shown a decreasing trend in this ratio over the past five years, suggesting an improvement in the company's ability to meet its obligations using its asset base.
2. Debt-to-capital ratio: This ratio reveals the percentage of the company's capital structure that is financed by debt. Bloomin Brands Inc has also shown a declining trend in this ratio over the years, indicating a reduced reliance on debt financing to fund its operations.
3. Debt-to-equity ratio: This ratio compares the company's debt to its equity, reflecting the extent to which the business is leveraged. Bloomin Brands Inc has experienced fluctuations in this ratio, with significant decreases observed in recent years. The company's debt-to-equity ratio in 2023 is at a comparatively healthier level compared to previous years.
4. Financial leverage ratio: This ratio measures the company's total assets relative to its equity, indicating the level of financial risk. Bloomin Brands Inc has demonstrated a substantial decrease in the financial leverage ratio, indicating a reduction in overall financial risk and a more stable capital structure in recent years.
Overall, based on the trend analysis of Bloomin Brands Inc's solvency ratios, the company has shown improvements in managing its debt levels and maintaining a more stable financial position, which is a positive indicator for its long-term solvency and financial health.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 468.51 | 1,921.05 | 2,395.02 | -1,093.58 | 723.83 |
Bloomin Brands Inc's interest coverage ratio has shown a fluctuating trend over the past five years. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio indicates that the company is more capable of meeting its interest payments.
In 2023, the interest coverage ratio improved to 6.88 from 6.33 in 2022, signaling an enhanced ability to cover interest expenses with operating income. This indicates greater financial stability and a reduced risk of default.
In 2021, the interest coverage ratio was 5.60, indicating a moderate capacity to cover interest payments with operating income. This was a slight decrease from the ratio of 4.06 in 2019, suggesting a potentially increased reliance on operating income to meet interest obligations.
The most concerning year was 2020 when the interest coverage ratio was -1.53, indicating that the company's operating income was insufficient to cover its interest expenses. This could signify financial distress and a higher risk of default.
Overall, the trend in Bloomin Brands Inc's interest coverage ratio demonstrates fluctuations in the company's ability to cover interest payments with operating income. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial health and risk of default.