Bloomin Brands Inc (BLMN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 |
Bloomin Brands Inc's solvency ratios provide insights into the company's ability to meet its long-term financial obligations.
The Debt-to-assets ratio has been relatively stable around 0.23 to 0.25 over the past few quarters, indicating that the company has maintained a conservative level of debt compared to its total assets.
The Debt-to-capital ratio has also shown a similar trend, hovering between 0.66 and 0.75. This ratio measures the proportion of debt in the company's capital structure, and the stability suggests Bloomin Brands has been able to effectively manage its debt levels relative to its total capital.
The Debt-to-equity ratio has fluctuated more significantly, ranging from 1.91 to 3.45. This indicates that the company's reliance on debt financing compared to equity has varied over the quarters. The higher ratios in some periods signal a higher financial risk associated with more debt in the capital structure.
Lastly, the Financial leverage ratio has shown a consistent increase from 8.37 in Q4 2022 to 13.50 in Q3 2022, and then a decrease to 10.99 in Q1 2022. This ratio represents the extent to which the company is using debt to finance its operations. The increasing trend may indicate higher financial risk and dependency on debt funding.
Overall, while Bloomin Brands has maintained relatively stable debt-to-assets and debt-to-capital ratios, the fluctuation in the debt-to-equity ratio and the increasing financial leverage ratio highlight a potential risk related to the company's long-term solvency and financial stability. Management should continue to monitor these ratios closely to ensure a healthy balance between debt and equity in the capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 468.51 | 637.31 | 851.05 | 1,245.64 | 1,921.05 | 2,194.39 | 2,089.12 | 2,601.73 | 2,395.02 | 1,583.22 | 1,348.21 | -282.71 | -1,093.58 | -711.75 | -437.35 | 5.31 | 8.05 | 4.78 | 3.41 | 3.26 |
The interest coverage ratio for Bloomin Brands Inc has remained relatively stable over the past eight quarters, ranging from 5.48 to 6.88. This ratio indicates the company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio is generally viewed positively as it suggests the company is generating sufficient earnings to cover its interest expenses. Bloomin Brands Inc has consistently maintained a strong interest coverage ratio above 5.00, indicating a healthy financial position in terms of its ability to service its debt. While fluctuations may occur, the overall trend indicates that the company has been effectively managing its interest payments relative to its earnings.