Parking brake?

[Down by the Water]

What is this and should it hang loose like this? The mounting bolt has a shoulder, so it can't be tightened. I think I may be missing a spacer or grommet?

Shared album - Andre D'Elena - Google Photos

 

[sleepydad]

What is this and should it hang loose like this? The mounting bolt has a shoulder, so it can't be tightened. I think I may be missing a spacer or grommet?

Shared album - Andre D'Elena - Google Photos

here is the parts diagram for the cable assembly
PARKING BRAKE & CABLE | Toyota 4RUNNER VZN185L-GKPGKA RZN18#,VZN18# | Parts Catalogs | PartSouq

it should be snug but not floppy like that, take note the same bush is on top and bottom so... looks like yours are pretty shot.