Blackline Inc (BL)

Current 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
Total current assets	US$ in thousands	1,407,320	1,319,140	1,283,750	1,243,200	1,249,570	1,177,080	1,171,520	1,171,480	1,347,690	1,301,430	1,287,360	1,267,490	674,115	753,997	739,913	720,596	723,406	689,260	235,782	219,339
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
Current ratio		2.19	2.18	3.62	3.42	3.40	3.74	3.57	3.45	4.18	5.08	4.96	5.11	2.78	3.70	3.64	3.61	3.49	3.87	1.35	1.35

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 shown some fluctuation over the past several quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets.

In general, a current ratio above 1 indicates that a company has more current assets than current liabilities, which is considered a positive sign for its financial health. Blackline Inc's current ratio has been consistently above 1, indicating that the company has been able to meet its short-term obligations.

The current ratio for Blackline Inc ranged from 1.35 to 5.11 over the past 5 years, with the latest available data showing a current ratio of 2.19 as of December 31, 2023. This indicates that for every dollar of current liabilities, the company has $2.19 of current assets to cover these obligations.

It is important to note that a higher current ratio generally suggests a stronger liquidity position but an excessively high ratio could indicate that the company is not efficiently deploying its current assets. Conversely, a lower current ratio may indicate potential difficulties in meeting short-term obligations.

Overall, Blackline Inc's current ratio has shown variability over time but has generally remained at levels that indicate a healthy liquidity position.