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.