Brinker International Inc (EAT)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 64,600 | 15,100 | 13,500 | 23,900 |
| Short-term investments | US$ in thousands | — | -0 | — | — | — |
| Total current liabilities | US$ in thousands | 675,600 | 622,300 | 535,900 | 558,000 | 571,600 |
| Cash ratio | 0.00 | 0.10 | 0.03 | 0.02 | 0.04 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $675,600K
= 0.00
The cash ratio of Brinker International Inc. exhibits notable variability over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the company's cash ratio stood at 0.04, indicating that the firm possessed only 4 cents in cash and cash equivalents for every dollar of current liabilities, reflecting a very conservative liquidity position in the context of immediate debt obligations. By June 30, 2022, the ratio declined sharply to 0.02, suggesting a further reduction in the company's liquidity buffer. This downward trend persisted, although at a slightly increased level of 0.03 by June 30, 2023, indicating a modest improvement but still remaining minimal in terms of coverage.
A significant increase is observed in the subsequent year, with the cash ratio climbing to 0.10 as of June 30, 2024. This indicates that at this point, Brinker International held cash and cash equivalents amounting to 10% of its current liabilities, representing a notable enhancement in liquidity. However, this positive movement is not sustained, as the cash ratio drops back to 0.00 by June 30, 2025, effectively indicating no available cash and cash equivalents to cover current liabilities at that time.
Overall, the data suggests that Brinker International has generally maintained a very low cash ratio throughout the period, occasionally experiencing momentary increases. The fluctuations imply that the company's liquidity position in terms of immediate cash coverage of current liabilities has been minimal and inconsistent, with a brief period of relative strength in mid-2024 before reverting to negligible levels. This pattern may point to reliance on non-cash current assets or credit arrangements to meet short-term obligations, emphasizing the importance of analyzing other liquidity and working capital metrics to gain a comprehensive perspective on the company's liquidity health.
Peer comparison
Jun 30, 2025