Bloomin Brands Inc (BLMN)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 24.98 | 14.18 | 11.83 | 11.21 | 8.37 | 8.46 | 8.80 | 10.01 | 12.12 | 13.41 | 12.29 | 10.92 | 14.78 | 19.35 | 21.23 | 72.36 | 306.85 | 268.23 | 117.60 | 37.61 |
Bloomin Brands Inc has maintained a strong solvency position as indicated by its consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all recorded at 0.00 throughout the reporting periods from March 31, 2020, to December 31, 2024. This suggests that the company has a low level of debt relative to its assets, capital, and equity, reflecting a conservative approach to leverage. Additionally, the financial leverage ratio, which measures the extent to which the company relies on debt financing rather than equity, decreased significantly over the period, from 37.61 on March 31, 2020, to 24.98 on December 31, 2024. This indicates an improvement in the company's ability to meet its financial obligations using its equity rather than debt, signifying a lower risk of financial distress. Overall, Bloomin Brands Inc's solvency ratios demonstrate a stable and robust financial position with prudent debt management practices.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 0.06 | 1.64 | 2.37 | 3.30 | 6.81 | 6.63 | 6.63 | 6.61 | 6.21 | 6.26 | 5.44 | 5.95 | 5.60 | 3.94 | 3.23 | -0.06 | -1.53 | -0.96 | -0.35 | 2.27 |
The interest coverage ratio of Bloomin Brands Inc has fluctuated over the periods analyzed. It started at a relatively low level in March 2020 at 2.27, indicating the company's ability to cover interest expenses with its operating income. However, in the subsequent quarters, the ratio turned negative, suggesting that the company's operating income was insufficient to cover its interest payments.
The negative interest coverage ratios recorded in June 2020, September 2020, December 2020, March 2021, and June 2021 are concerning as they indicate a higher risk of financial distress due to the company's inability to meet its interest obligations from its operating income.
From September 2021 onwards, the interest coverage ratio showed a positive trend, indicating an improvement in the company's ability to cover its interest expenses with operating income. The ratio gradually increased reaching its peak at 6.81 in December 2023.
However, the ratio decreased in the subsequent periods, dropping to 2.37 in June 2024 and further declining to 0.06 in December 2024, indicating a potential strain on the company's ability to cover its interest payments from operating income.
Overall, Bloomin Brands Inc's interest coverage ratio has shown volatility and varying levels of performance over the analyzed periods. Further monitoring and analysis of the company's financial health and operating performance are advisable to gauge its ability to meet its interest obligations effectively in the future.