Brinker International Inc (EAT)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 234,100 | 183,300 | 201,200 | 207,200 | 224,400 |
| Total current liabilities | US$ in thousands | 622,300 | 535,900 | 558,000 | 571,600 | 497,900 |
| Current ratio | 0.38 | 0.34 | 0.36 | 0.36 | 0.45 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $234,100K ÷ $622,300K
= 0.38
The current ratio of Brinker International Inc has fluctuated over the past five years, ranging from 0.34 to 0.45. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone.
The current ratio decreased from 0.45 in 2020 to 0.38 in 2024, suggesting a reduction in the company's ability to cover its short-term liabilities using its current assets. However, it is important to note that a current ratio alone may not provide a complete picture of a company's financial health and other factors should be considered in conjunction with this ratio for a more comprehensive analysis.
Peer comparison
Jun 30, 2024