Bloomin Brands Inc (BLMN)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 409,122 | 271,369 | 216,461 | 4,145 | 170,342 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $409,122K
= 0.00
The debt-to-equity ratio of Bloomin Brands Inc has shown a decreasing trend over the past five years, indicating improvements in the company's capital structure. The ratio was 1.91 as of December 31, 2023, compared to much higher levels in the previous years, such as 3.07 in 2022, 3.66 in 2021, 250.06 in 2020, and 6.16 in 2019.
A lower debt-to-equity ratio suggests that the company is relying less on debt financing and has a stronger equity position. This can be positive as it signifies lower financial risk and better ability to withstand economic downturns or unexpected events.
Bloomin Brands Inc's decreasing trend in debt-to-equity ratio, especially the significant improvement from 2020 to 2023, indicates a more balanced and healthier financial structure. However, it would be advisable to monitor this ratio closely in the future to ensure that the company maintains a sustainable level of debt relative to its equity.
Peer comparison
Dec 31, 2023