Blackline Inc (BL)

Debt-to-assets 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
Long-term debt	US$ in thousands	1,140,610	1,139,540	1,387,050	1,385,670	1,384,310	1,382,910	1,381,520	1,380,150	1,114,240	1,097,970	1,081,940	1,066,350	407,032	401,217	395,459	389,875	384,343	378,856	—	—
Total assets	US$ in thousands	2,100,760	2,016,140	1,975,370	1,932,650	1,943,660	1,877,660	1,873,570	1,870,230	1,817,580	1,750,390	1,732,070	1,708,800	1,113,500	1,046,760	1,033,250	1,011,370	1,014,550	975,639	523,502	504,953
Debt-to-assets ratio		0.54	0.57	0.70	0.72	0.71	0.74	0.74	0.74	0.61	0.63	0.62	0.62	0.37	0.38	0.38	0.39	0.38	0.39	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,140,610K ÷ $2,100,760K
= 0.54

The debt-to-assets ratio for Blackline Inc has shown some fluctuation over the past few years, indicating changes in the company's financial leverage and risk. The ratio increased from 0.00 in Q1 and Q2 of 2019, suggesting that the company began utilizing debt in its capital structure. This trend continued into 2020, with the ratio gradually increasing to 0.39 by the end of the year.

In 2021, there was a slight decrease in the ratio, which then rose steadily in 2022, reaching a high of 0.74 in Q2 and remaining at that level for the next few quarters. This suggests that Blackline Inc may have taken on more debt relative to its total assets during this period.

However, in Q4 of 2023, there was a slight decrease in the debt-to-assets ratio to 0.54, indicating a potential reduction in debt relative to assets. This change could be attributed to various factors such as debt repayment, asset growth, or a combination of both.

Overall, the trend in Blackline Inc's debt-to-assets ratio indicates a varying level of reliance on debt financing over the past few years, with possible implications for the company's financial stability and risk profile. It would be important for stakeholders to monitor this ratio to assess the company's ability to manage its debt levels in relation to its asset base.