Brinker International Inc (EAT)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | Dec 23, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 17,500 | 14,800 | 16,200 | 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 | 64,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 675,600 | 667,600 | 644,300 | 577,500 | 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 | 520,300 |
| Cash ratio | 0.00 | 0.03 | 0.02 | 0.03 | 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 |
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. over the analyzed period exhibits notable fluctuations, reflecting the company's liquidity position relative to its short-term obligations. Initially, at the end of 2020, the cash ratio stood steady at 0.12, indicating that cash and cash equivalents covered approximately 12% of current liabilities. This level persisted through December 2020 and into the first quarter of 2021, suggesting a relatively stable but modest liquidity cushion during the early stages of the pandemic.
Subsequently, a decline in the cash ratio is observed throughout 2021 and into mid-2022, reaching a low of 0.02 in March 2022 and remaining at that level through September 2022. This trend indicates a significant reduction in the company's cash holdings relative to its current liabilities, potentially reflecting increased operational expenditures, strategic cash utilizations, or challenges in cash preservation.
From late 2022 onward, the cash ratio remains relatively stable at around 0.02 to 0.03, implying a consistently low liquidity buffer. Notably, there is a transient increase to 0.10 in June 2024, which might suggest a temporary strengthening of cash reserves or a reduction in current liabilities, but this appears to be an isolated deviation amid generally low levels.
The most recent data point for December 2025 shows a cash ratio of 0.00, indicating an extremely limited cash position relative to current liabilities, which could imply heightened liquidity risk if not offset by other liquid assets or operational cash flows. Overall, the company's cash ratio consistently remains below 0.15 throughout the analyzed period, highlighting a conservative approach to holding cash relative to its short-term liabilities, with periods of particularly tight liquidity in recent years.
Peer comparison
Jun 30, 2025