Bloomin Brands Inc (BLMN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,424,080 | 3,320,420 | 3,294,270 | 3,362,110 | 3,592,680 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,424,080K
= 0.00
The debt-to-assets ratio of Bloomin Brands Inc has shown a declining trend over the past five years, indicating an improvement in the company's financial leverage and solvency. The ratio decreased from 0.29 in 2019 to 0.23 in 2023, suggesting that the company has been reducing its reliance on debt to finance its operations and acquisitions. This downward trend is a positive sign for investors and creditors, as it signifies a lower level of financial risk and greater stability in the company's capital structure. Overall, the decreasing trend in Bloomin Brands Inc's debt-to-assets ratio reflects a healthier balance between debt and assets in the company's capital mix.
Peer comparison
Dec 31, 2023