Dine Brands Global Inc (DIN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 357,778 | 479,764 | 574,353 | 586,506 | 346,917 |
| Total current liabilities | US$ in thousands | 460,452 | 470,722 | 410,730 | 348,568 | 357,912 |
| Current ratio | 0.78 | 1.02 | 1.40 | 1.68 | 0.97 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $357,778K ÷ $460,452K
= 0.78
The current ratio of Dine Brands Global Inc has exhibited some fluctuations over the past five years, ranging from 0.78 in December 2023 to 1.68 in December 2020. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets alone. The declining trend in the current ratio since 2020 may suggest a decrease in the company's liquidity and ability to cover its short-term liabilities. It is important for investors and stakeholders to monitor this trend closely to assess the company's financial health and ability to meet its current obligations in a timely manner.
Peer comparison
Dec 31, 2023