Blackline Inc (BL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,407,320 | 1,249,570 | 1,347,690 | 674,115 | 723,406 |
| Total current liabilities | US$ in thousands | 642,565 | 367,821 | 322,577 | 242,330 | 206,997 |
| Current ratio | 2.19 | 3.40 | 4.18 | 2.78 | 3.49 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,407,320K ÷ $642,565K
= 2.19
The current ratio of Blackline Inc has displayed some fluctuations over the past five years. In 2023, the current ratio stands at 2.19, implying that the company has $2.19 in current assets for every $1 of current liabilities. This represents a decrease compared to the previous year, where the current ratio was 3.40. The significant drop in the current ratio from 2022 to 2023 could indicate a potential liquidity concern, suggesting that Blackline Inc may have fewer liquid assets available to cover its short-term obligations.
Comparing the current ratio to prior years, we observe that in 2021 and 2019, the current ratios were relatively higher at 4.18 and 3.49, respectively. These higher ratios indicate a stronger liquidity position, with more current assets available to meet short-term liabilities. However, in 2020, the current ratio decreased to 2.78, signaling a temporary weakening of liquidity.
Overall, the trend in Blackline Inc's current ratio shows some variability, with fluctuations in the company's ability to cover short-term obligations with current assets. It is important for investors and stakeholders to closely monitor these changes in the current ratio to assess the company's liquidity risk and financial health.
Peer comparison
Dec 31, 2023