Blackline Inc (BL)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,092,400	1,407,320	1,249,570	1,347,690	674,115
Total current liabilities	US$ in thousands	422,243	642,565	367,821	322,577	242,330
Current ratio		2.59	2.19	3.40	4.18	2.78

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,092,400K ÷ $422,243K
= 2.59

The current ratio of Blackline Inc has shown variations over the past five years. As of December 31, 2020, the company had a current ratio of 2.78, indicating that it had $2.78 in current assets to cover each dollar of current liabilities. This ratio improved significantly to 4.18 by December 31, 2021, suggesting a stronger liquidity position.

However, in the following years, the current ratio fluctuated. By December 31, 2022, the ratio decreased to 3.40, indicating a slight reduction in the company's ability to cover short-term obligations. This trend continued as the current ratio dropped further to 2.19 by December 31, 2023, reflecting potential liquidity challenges.

Despite the decrease, the current ratio improved to 2.59 by December 31, 2024, suggesting a better ability to meet short-term financial obligations compared to the previous year. Overall, while the current ratio fluctuated, it remained above 1 throughout the period, indicating that Blackline Inc generally had sufficient current assets to cover its short-term liabilities.