Blackline Inc (BL)

Current 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
Total current assets	US$ in thousands	1,092,400	1,013,230	1,210,210	1,403,660	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	754,114	739,913	720,596
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
Current ratio		2.59	2.69	1.95	2.30	2.19	2.18	3.62	3.42	3.40	3.74	3.57	3.44	4.18	5.08	4.96	5.11	2.78	3.71	3.64	3.61

December 31, 2024 calculation

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

Blackline Inc's current ratio has shown fluctuation over the periods under review. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets.

From March 31, 2020, to September 30, 2021, the current ratio consistently increased from 3.61 to a peak of 5.08, indicating improving liquidity and a stronger ability to cover short-term obligations. However, in the subsequent periods, the current ratio began to decline, reaching a low of 1.95 on June 30, 2024, before slightly recovering to 2.59 by December 31, 2024.

The current ratio dropping below 2 in the latter half of 2023 and hitting a low in mid-2024 may raise concerns about the company's ability to meet its short-term obligations. Investors and creditors may monitor this trend closely to assess Blackline Inc's liquidity position and financial health. It is advisable for the company to manage its current assets and liabilities effectively to maintain a healthy current ratio and ensure liquidity in the short run.