Blackline Inc (BL)

Cash ratio

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	885,915	725,266	616,629	331,401	271,117	236,248	204,514	222,557	200,968	190,514	208,454	365,522	539,739	378,977	643,343	848,268	367,413	408,070	471,620	310,989
Short-term investments	US$ in thousands	0	121,017	428,461	913,453	933,355	925,721	921,737	865,314	874,083	855,406	821,137	666,122	658,964	798,952	524,851	308,991	175,206	117,433	154,876	302,978
Total current liabilities	US$ in thousands	422,243	377,337	619,655	609,862	642,565	605,857	355,036	363,548	367,821	314,581	328,256	340,816	322,577	256,249	259,769	248,238	242,330	203,469	202,995	199,587
Cash ratio		2.10	2.24	1.69	2.04	1.87	1.92	3.17	2.99	2.92	3.32	3.14	3.03	3.72	4.60	4.50	4.66	2.24	2.58	3.09	3.08

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($885,915K + $0K) ÷ $422,243K
= 2.10

The cash ratio of Blackline Inc, which measures its ability to cover short-term liabilities using its cash and cash equivalents, has exhibited fluctuations over the given periods. As of December 31, 2024, the cash ratio stood at 2.10, indicating a modest ability to cover short-term obligations solely from cash reserves.

Throughout the periods analyzed, the cash ratio ranged from a low of 1.69 on June 30, 2024, to a high of 4.66 on March 31, 2021. These variations may reflect changes in the company's liquidity position and its ability to meet immediate financial obligations.

It is worth noting that a cash ratio above 1 indicates that Blackline Inc has sufficient cash to cover its short-term liabilities. However, the downward trend observed in the cash ratio from March 31, 2021, to December 31, 2024, may suggest a potential decrease in the company's liquidity position, warranting a closer review of its cash management practices and overall financial health.