Brinker International Inc (EAT)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | 64,600 | 15,100 | 13,500 | 23,900 |
| Short-term investments | US$ in thousands | — | -0 | — | — | — |
| Receivables | US$ in thousands | — | 60,600 | 60,900 | 70,900 | 88,200 |
| Total current liabilities | US$ in thousands | 675,600 | 622,300 | 535,900 | 558,000 | 571,600 |
| Quick ratio | 0.00 | 0.20 | 0.14 | 0.15 | 0.20 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $675,600K
= 0.00
The quick ratio of Brinker International Inc. over the period from June 30, 2021, to June 30, 2025, exhibits notable fluctuations that merit detailed analysis. Initially, on June 30, 2021, the ratio was recorded at 0.20, indicating that the company's liquid assets were insufficient to cover current liabilities by a modest margin; specifically, the quick assets amounted to 20% of current liabilities. This modest buffer persisted into June 30, 2022, when the ratio declined to 0.15, suggesting a further reduction in liquid asset coverage and a potential increase in liquidity risk. The trend continued into June 30, 2023, with the ratio decreasing slightly to 0.14, emphasizing a continued decline in the company's ability to rapidly meet short-term obligations with its most liquid assets.
A recovery is observed on June 30, 2024, with the quick ratio returning to 0.20, signaling an improvement in liquefiable assets relative to current liabilities. Despite this rebound, the ratio remains relatively low, indicating ongoing constraints on liquid resources relative to short-term obligations. The projected data for June 30, 2025, shows a quick ratio of 0.00, which would imply that the company's quick assets are entirely insufficient to cover current liabilities, raising concerns regarding liquidity and immediate financial flexibility.
Overall, the trend reflects challenges in maintaining high levels of liquid assets within the company's operations. The ratio's decline over the years suggests a potential deterioration in liquidity position, with the projected zero ratio indicating a possible significant liquidity concern if no corrective measures are undertaken. The fluctuations between 2021 and 2024 indicate some periods of improvement, but the overarching pattern points toward increased liquidity risk over the forecast horizon.
Peer comparison
Jun 30, 2025