Blackline Inc (BL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 885,915 | 725,266 | 616,629 | 331,401 | 271,117 | 236,248 | 204,514 | 222,557 | 200,968 | 190,514 | 208,454 | 365,522 | 539,739 | 378,977 | 643,343 | 848,268 | 367,413 | 408,070 | 471,620 | 310,989 |
| Short-term investments | US$ in thousands | 0 | 121,017 | 428,461 | 913,453 | 933,355 | 925,721 | 921,737 | 865,314 | 874,083 | 855,406 | 821,137 | 666,122 | 658,964 | 798,952 | 524,851 | 308,991 | 175,206 | 117,433 | 154,876 | 302,978 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 2.10 | 2.24 | 1.69 | 2.04 | 1.87 | 1.92 | 3.17 | 2.99 | 2.92 | 3.32 | 3.14 | 3.03 | 3.72 | 4.60 | 4.50 | 4.66 | 2.24 | 2.58 | 3.09 | 3.08 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($885,915K
+ $0K
+ $—K)
÷ $422,243K
= 2.10
The quick ratio of Blackline Inc has shown fluctuations over the period under review. Starting at a strong level of 3.08 on March 31, 2020, the quick ratio slightly increased to 3.09 by June 30, 2020, indicating the company's ability to cover its current liabilities with its most liquid assets.
However, there was a decrease in the quick ratio to 2.24 by December 31, 2020, and then a significant improvement to 4.66 by March 31, 2021. This surge suggested a bolstered ability to meet short-term obligations without relying on inventory.
The quick ratio remained relatively stable above 3.0 for the subsequent quarters until a dip to 1.87 on December 31, 2023, which could raise concerns about short-term liquidity. The quick ratio improved in the following periods but varied between 1.69 and 2.24, indicating some inconsistency in the company's ability to swiftly cover its immediate financial obligations with its most liquid assets.
In conclusion, the quick ratio trend of Blackline Inc reflects both strength and variability in the company's short-term liquidity position, which requires further analysis to understand the underlying reasons for the fluctuations.
Peer comparison
Dec 31, 2024