Bloomin Brands (STU:BOO) LT-Debt-to-Total-Asset : 0.62 (As of Mar. 2024)

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What is Bloomin Brands LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Bloomin Brands's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.62.

Bloomin Brands's long-term debt to total assets ratio increased from Mar. 2023 (0.59) to Mar. 2024 (0.62). It may suggest that Bloomin Brands is progressively becoming more dependent on debt to grow their business.

Bloomin Brands LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bloomin Brands's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bloomin Brands LT-Debt-to-Total-Asset Chart

Bloomin Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.64

0.66

0.60

0.56

Bloomin Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.59	0.58	0.58	0.56	0.62

Bloomin Brands LT-Debt-to-Total-Asset Calculation

Bloomin Brands's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1753.632	/	3139.882
	=	0.56

Bloomin Brands's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1923.197	/	3122.7
	=	0.62

Bloomin Brands (STU:BOO) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Bloomin Brands LT-Debt-to-Total-Asset Related Terms

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Bloomin Brands (STU:BOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Bloomin Brands Inc (STU:BOO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BLMN:USA

Address

2202 North West Shore Boulevard, Suite 500, Tampa, FL, USA, 33607

Website

https://www.bloominbrands.com

Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising.

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