Blackline Inc (BL)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 271,117 | 200,968 | 539,739 | 367,413 | 120,232 |
| Short-term investments | US$ in thousands | 933,355 | 874,083 | 658,964 | 175,206 | 487,515 |
| Total current liabilities | US$ in thousands | 642,565 | 367,821 | 322,577 | 242,330 | 206,997 |
| Cash ratio | 1.87 | 2.92 | 3.72 | 2.24 | 2.94 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($271,117K
+ $933,355K)
÷ $642,565K
= 1.87
The cash ratio of Blackline Inc has fluctuated over the past five years, as indicated in the table. It was 1.87 as of December 31, 2023, compared to higher ratios in the previous years: 2.92 in 2022, 3.72 in 2021, 2.24 in 2020, and 2.94 in 2019. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has a greater capacity to meet its short-term obligations using its readily available cash resources. However, the decreasing trend in Blackline Inc's cash ratio over the years may suggest a potential decrease in its liquidity position or a shift in its cash management strategy. It would be important to further investigate the factors contributing to these fluctuations in the cash ratio to assess the company's financial health and liquidity management practices.
Peer comparison
Dec 31, 2023