Blackline Inc (BL)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	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	120,232	528,197	63,255	49,676
Short-term investments	US$ in thousands	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	487,515	68,324	81,939	85,079
Total current liabilities	US$ in thousands	642,565	605,857	355,036	363,548	367,821	314,581	328,256	339,494	322,577	256,249	259,769	248,238	242,330	203,630	202,995	199,587	206,997	178,205	174,748	162,631
Cash ratio		1.87	1.92	3.17	2.99	2.92	3.32	3.14	3.04	3.72	4.60	4.50	4.66	2.24	2.58	3.09	3.08	2.94	3.35	0.83	0.83

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 shown varying trends over the past few years. The cash ratio measures the company's ability to cover its short-term liabilities using cash and cash equivalents.

From the data provided, we can see fluctuations in the cash ratio of Blackline Inc. The ratio has generally been on the higher side, indicating that the company holds a substantial amount of cash relative to its current liabilities. This signifies a healthy liquidity position and the ability to meet short-term obligations without relying on external sources of financing.

In the most recent period, the cash ratio has decreased from 1.92 to 1.87, which may suggest a slight decrease in the company's ability to cover short-term liabilities with cash. However, it is important to note that the ratio remains at a relatively healthy level.

Looking back over the historical data, we can observe that the cash ratio has fluctuated significantly over time, reaching as high as 4.66 in the first quarter of 2021 and as low as 0.83 in various periods. These fluctuations could be attributed to changes in the company's cash position, operating performance, or strategic decisions related to the management of cash and short-term investments.

Overall, the cash ratio analysis indicates that Blackline Inc has maintained a strong liquidity position, with the ability to cover its short-term obligations with cash. It is important for the company to continue monitoring and managing its cash position effectively to ensure financial stability and flexibility in meeting its obligations.