Blackline Inc (BL)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,825,040 | 1,695,160 | 1,890,680 | 2,088,880 | 2,100,760 | 2,016,140 | 1,975,370 | 1,932,650 | 1,943,660 | 1,877,660 | 1,873,570 | 1,871,550 | 1,817,580 | 1,750,390 | 1,732,070 | 1,708,800 | 1,113,500 | 1,046,740 | 1,033,250 | 1,011,370 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 provided data, Blackline Inc has consistently maintained a debt-to-assets ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not incurred any long-term debt, or if there is any debt, it is negligible in relation to its total assets.
A debt-to-assets ratio of 0.00 suggests that Blackline Inc is primarily funded by equity rather than debt. This can be perceived positively by investors and creditors as it indicates a lower financial risk and a stronger financial position for the company. However, it is important to note that while a low debt-to-assets ratio may imply financial stability, it could also suggest a missed opportunity to leverage debt for potential growth or expansion.
In conclusion, Blackline Inc's consistent debt-to-assets ratio of 0.00 reflects a conservative approach to capital structure and financial management, emphasizing a relatively low level of debt in comparison to its assets.
Peer comparison
Dec 31, 2024