Blackline Inc (BL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,825,040 | 2,100,760 | 1,943,660 | 1,817,580 | 1,113,500 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,825,040K
= 0.00
Based on the data provided, Blackline Inc's debt-to-assets ratio has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, which can be a positive sign of financial stability and lower financial risk. However, it's important to note that a very low debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially increase returns on equity. It would be beneficial to further analyze Blackline Inc's capital structure and overall financial health to fully understand the implications of this consistently low debt-to-assets ratio.
Peer comparison
Dec 31, 2024