Brinker International Inc (EAT)

Cash ratio

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 23, 2020 Sep 23, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Cash and cash equivalents US$ in thousands 64,600 15,500 22,700 14,400 15,100 13,800 14,700 19,500 13,500 12,900 15,600 31,200 23,900 63,600 64,100 58,800 43,900 167,200 12,000 29,000
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 622,300 579,100 590,000 541,600 535,900 585,700 573,500 573,600 558,000 583,100 569,400 547,200 571,600 577,800 520,300 509,500 497,900 520,000 552,400 516,400
Cash ratio 0.10 0.03 0.04 0.03 0.03 0.02 0.03 0.03 0.02 0.02 0.03 0.06 0.04 0.11 0.12 0.12 0.09 0.32 0.02 0.06

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($64,600K + $—K) ÷ $622,300K
= 0.10

The cash ratio of Brinker International Inc has varied over the past few quarters, ranging from 0.02 to 0.32. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.

The company's cash ratio improved significantly in the fourth quarter of 2021 and the first quarter of 2021, reaching 0.32 and 0.11 respectively, indicating a stronger ability to meet short-term obligations from its cash reserves during those periods. However, in the subsequent quarters, the cash ratio fluctuated within a lower range, with values between 0.02 and 0.06. This suggests that Brinker International Inc may have had less cash on hand relative to its short-term liabilities during those quarters.

Overall, while the cash ratio provides insight into the company's liquidity position, it is essential to consider the trend over time to assess whether the company is effectively managing its cash resources to meet its short-term obligations.