Blackline Inc (BL)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 271,117 | 200,968 | 539,739 | 367,413 | 120,232 |
| Short-term investments | US$ in thousands | 933,355 | 874,083 | 658,964 | 175,206 | 487,515 |
| Receivables | US$ in thousands | 171,608 | 150,858 | 125,130 | 111,270 | 103,662 |
| Total current liabilities | US$ in thousands | 642,565 | 367,821 | 322,577 | 242,330 | 206,997 |
| Quick ratio | 2.14 | 3.33 | 4.10 | 2.70 | 3.44 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($271,117K
+ $933,355K
+ $171,608K)
÷ $642,565K
= 2.14
The quick ratio of Blackline Inc has fluctuated over the past five years. In 2023, the quick ratio stands at 2.14, indicating that the company has $2.14 in liquid assets available to cover each dollar of current liabilities. This ratio has decreased from the previous year, where it was 3.33.
Comparing the quick ratio of 2023 to 2022, there has been a significant decrease, suggesting a potential liquidity concern as the company may have fewer liquid assets available relative to its current liabilities. However, the quick ratio of 2.14 still indicates that Blackline Inc has an acceptable level of liquidity in the short term.
When compared to the quick ratios of 2021, 2020, and 2019, the current ratio continues to show variability, with 2021 having the highest quick ratio of 4.10, indicating stronger liquidity in that year. Overall, while the current quick ratio has decreased in 2023 compared to the prior year, it remains within a reasonable range to meet short-term obligations.
Peer comparison
Dec 31, 2023