Blackline Inc (BL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,825,040 | 2,100,760 | 1,943,660 | 1,817,580 | 1,113,500 |
| Total stockholders’ equity | US$ in thousands | 446,669 | 260,881 | 111,868 | 325,036 | 422,070 |
| Financial leverage ratio | 4.09 | 8.05 | 17.37 | 5.59 | 2.64 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,825,040K ÷ $446,669K
= 4.09
The financial leverage ratio of Blackline Inc has exhibited significant fluctuations over the years. As of December 31, 2020, the ratio stood at 2.64, indicating a moderate level of leverage. This ratio increased substantially to 5.59 by December 31, 2021, suggesting an increase in financial risk as the company relied more on debt to finance its operations.
By December 31, 2022, the financial leverage ratio surged to 17.37, signaling a considerable spike in leverage, which could potentially increase the company's financial vulnerability. The ratio then dropped to 8.05 by December 31, 2023, but remained relatively high compared to the initial level in 2020.
In the most recent period ending December 31, 2024, the financial leverage ratio decreased to 4.09, indicating a reduction in leverage compared to the previous year. Overall, the trend in Blackline Inc's financial leverage ratio showcases varying levels of leverage over the years, highlighting the importance of closely monitoring the company's capital structure and debt management strategies.
Peer comparison
Dec 31, 2024