Brinker International Inc (EAT)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | 60,100 | 84,100 | 54,100 | 60,600 | 48,000 | 79,500 | 50,900 | 60,900 | 72,600 | 95,300 | 63,200 | 70,900 | 65,600 | 98,800 | 85,100 | 88,200 | 98,100 | 111,200 | 111,200 |
| 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 |
| Quick ratio | 0.00 | 0.12 | 0.15 | 0.12 | 0.20 | 0.11 | 0.17 | 0.12 | 0.14 | 0.15 | 0.19 | 0.14 | 0.15 | 0.13 | 0.20 | 0.21 | 0.20 | 0.28 | 0.34 | 0.34 |
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. has experienced notable fluctuations over the period from December 2020 through June 2025. Initially, at the end of December 2020, the ratio stood at 0.34, indicating that the company's most liquid assets (excluding inventories) were approximately 34% of its current liabilities. Throughout 2021, the ratio demonstrated a declining trend, dropping to 0.20 by the end of that year, with minimal fluctuations during the period.
In 2022, the ratio continued to compress, reaching a low of 0.13 in March before slightly rebounding to approximately 0.19 at the end of the year. The subsequent period saw continued variability, with the ratio generally remaining below 0.20, signaling persistent liquidity constraints.
During 2023, the quick ratio persisted in the lower spectrum, ranging roughly between 0.11 and 0.17. Notably, at the end of December 2023, it was recorded at 0.17, representing some modest improvement from previous levels. The early months of 2024 saw a slight decrease to 0.11 during March, followed by a renewal to 0.20 in June, but the ratio again declined later in the year, reaching 0.12 by September and 0.15 by December 2024.
The first half of 2025 displays the ratio hovering around zero, with a recorded value of 0.12 at the end of March and dropping to zero in June. This indicates a significant deterioration in the company's short-term liquidity position, as the quick assets are increasingly insufficient to cover current liabilities.
Overall, the trend signifies a persistent decline in liquidity, with the quick ratio consistently staying well below the benchmark of 1.0, which reflects a limited capacity for Brinker to meet its short-term obligations using its most liquid assets. The substantial decline to near zero in mid-2025 suggests emerging liquidity challenges and potential cash flow concerns that warrant further detailed examination of the company's current operations and liquidity management strategies.
Peer comparison
Jun 30, 2025