Blackline Inc (BL)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,100,760 | 1,943,660 | 1,817,580 | 1,113,500 | 1,014,550 |
| Total stockholders’ equity | US$ in thousands | 260,881 | 111,868 | 325,036 | 422,070 | 398,613 |
| Financial leverage ratio | 8.05 | 17.37 | 5.59 | 2.64 | 2.55 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,100,760K ÷ $260,881K
= 8.05
The financial leverage ratio of Blackline Inc has varied significantly over the past five years, indicating changes in the company's debt levels relative to its equity. In 2023, the financial leverage ratio stood at 8.05, showing a decrease from the previous year's ratio of 17.37. This reduction suggests that Blackline Inc may have decreased its reliance on debt financing compared to equity financing in 2023.
Looking further back, the financial leverage ratio in 2021 was 5.59, which was higher than in 2020 (2.64) but lower than in 2019 (2.55). This indicates fluctuations in the company's capital structure during these years, possibly due to strategic decisions regarding debt management and equity investment.
Overall, the trend in Blackline Inc's financial leverage ratio demonstrates variations in the company's leverage position over the years, reflecting changes in its debt and equity mix. It is important for stakeholders to closely monitor these ratios to assess the company's risk profile and financial health.
Peer comparison
Dec 31, 2023