Bloomin Brands Inc (BLMN)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,424,080 | 3,320,420 | 3,294,270 | 3,362,110 | 3,592,680 |
| Total stockholders’ equity | US$ in thousands | 409,122 | 271,369 | 216,461 | 4,145 | 170,342 |
| Financial leverage ratio | 8.37 | 12.24 | 15.22 | 811.12 | 21.09 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,424,080K ÷ $409,122K
= 8.37
Bloomin Brands Inc's financial leverage ratio has exhibited significant fluctuation over the past five years. The ratio decreased from 21.09 in 2019 to 8.37 in 2023, indicating a notable decrease in financial leverage. This suggests that the company has reduced its reliance on debt financing and has potentially strengthened its financial position. However, the ratio increased to 12.24 in 2022 and peaked at 811.12 in 2020 before declining again in 2023. The sharp increase in 2020 may be a result of significant changes in the company's capital structure or exceptional circumstances during that year. Overall, the varying trends in the financial leverage ratio over the years highlight the importance of monitoring and managing debt levels to ensure the company's financial stability and growth.
Peer comparison
Dec 31, 2023