Brinker International Inc (EAT)
Current 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 207,000 | 189,100 | 210,700 | 183,600 | 234,100 | 170,900 | 211,300 | 177,100 | 183,300 | 213,400 | 237,200 | 209,800 | 201,200 | 188,000 | 220,600 | 217,300 | 207,200 | 252,400 | 265,800 | 265,800 |
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 |
Current ratio | 0.31 | 0.28 | 0.33 | 0.32 | 0.38 | 0.30 | 0.36 | 0.33 | 0.34 | 0.36 | 0.41 | 0.37 | 0.36 | 0.32 | 0.39 | 0.40 | 0.36 | 0.44 | 0.51 | 0.51 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $207,000K ÷ $675,600K
= 0.31
The analysis of Brinker International Inc.'s current ratio over the specified period reveals a pattern of persistent liquidity constraints. The current ratio, which measures a company's ability to meet its short-term obligations with its short-term assets, consistently remained below 1.0 throughout the observed timeframe, indicating that the company has generally had limited liquidity relative to its current liabilities.
Specifically, the data shows the current ratio starting at 0.51 at the end of 2020 (both December 23 and December 31) and declining to a low of approximately 0.30 during the first quarter of 2024. Although minor fluctuations are noticeable, the overall trend is toward a modest increase in some periods, such as reaching 0.38 in June 2024, before again declining to around 0.28 by March 2025. The consistent values below 0.5 over the extended period suggest that the company has often maintained less than half of its current liabilities in liquid assets, which could be indicative of liquidity management challenges.
This sustained low current ratio points to potential liquidity concerns, implying that Brinker International may rely heavily on non-current assets, increased operational efficiencies, or access to external financing to meet short-term obligations. The relatively narrow range of ratios (from a high of approximately 0.51 to a low of 0.28) signifies limited variability but underscores a persistent position of liquidity risk. Investors and stakeholders may interpret this as a signal to monitor the company's ability to generate adequate short-term cash flows or the likelihood of short-term financial stress.
Overall, the historical data indicates that Brinker International's current ratio has remained consistently below one, reflecting ongoing liquidity management challenges. The company’s current assets have generally been insufficient to cover its current liabilities without additional sources of liquidity or operational adjustments.
Peer comparison
Jun 30, 2025