Brinker International Inc (EAT)
Quick ratio
| 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 23, 2020 | Sep 23, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 58,800 | 43,900 | 167,200 | 12,000 | 29,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 89,900 | 87,700 | 58,000 | 112,600 | 49,700 |
| Total current liabilities | US$ in thousands | 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 | 509,500 | 497,900 | 520,000 | 552,400 | 516,400 |
| Quick ratio | 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 | 0.29 | 0.26 | 0.43 | 0.23 | 0.15 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($64,600K
+ $—K
+ $60,600K)
÷ $622,300K
= 0.20
The quick ratio, also known as the acid-test ratio, measures a company's ability to pay its short-term obligations using its most liquid assets. A higher quick ratio indicates a better ability to cover short-term liabilities.
Analyzing the quick ratio of Brinker International Inc over the past few quarters shows fluctuations in the company's liquidity position. The quick ratio ranged from a low of 0.11 to a high of 0.43 during the period under review.
In recent quarters, the quick ratio has been relatively low, ranging from 0.11 to 0.20, indicating a lower ability to meet short-term liabilities with liquid assets alone. This may raise concerns about the company's short-term liquidity position.
It is notable that the quick ratio reached its peak of 0.43 in Q4 2019 but has since declined and fluctuated at lower levels. The decreasing trend in the quick ratio may suggest potential challenges in meeting short-term obligations with available liquid assets.
Overall, the analysis of Brinker International Inc's quick ratio highlights the importance of monitoring liquidity levels and the company's ability to manage short-term obligations effectively.
Peer comparison
Jun 30, 2024