Bloomin Brands Inc (BLMN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,424,080 | 3,350,910 | 3,273,130 | 3,231,790 | 3,320,420 | 3,219,200 | 3,230,000 | 3,203,360 | 3,294,270 | 3,218,600 | 3,246,750 | 3,285,320 | 3,362,110 | 3,367,600 | 3,433,580 | 3,766,600 | 3,592,680 | 3,468,950 | 3,511,730 | 3,552,550 |
| Total stockholders’ equity | US$ in thousands | 409,122 | 393,149 | 368,924 | 319,996 | 271,369 | 238,498 | 260,822 | 291,563 | 216,461 | 159,816 | 146,289 | 38,604 | 4,145 | 5,134 | 21,110 | 91,950 | 170,342 | 144,283 | 150,779 | 244,184 |
| Financial leverage ratio | 8.37 | 8.52 | 8.87 | 10.10 | 12.24 | 13.50 | 12.38 | 10.99 | 15.22 | 20.14 | 22.19 | 85.10 | 811.12 | 655.94 | 162.65 | 40.96 | 21.09 | 24.04 | 23.29 | 14.55 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,424,080K ÷ $409,122K
= 8.37
The financial leverage ratio of Bloomin Brands Inc has been on a declining trend over the past eight quarters, decreasing from 13.50 in Q3 2022 to 8.37 in Q4 2023. The decreasing trend indicates that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio suggests a stronger financial position and lower risk of insolvency as the company has a lower proportion of debt in relation to its equity. However, it is important to monitor the trend of this ratio over time to ensure the company maintains a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023