Blackline Inc (BL)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	446,669	367,911	325,763	279,834	260,881	215,731	176,362	116,992	111,868	77,931	79,183	66,128	325,036	340,740	337,041	339,628	422,070	417,070	409,778	396,189
Financial leverage ratio		4.09	4.61	5.80	7.46	8.05	9.35	11.20	16.52	17.37	24.09	23.66	28.30	5.59	5.14	5.14	5.03	2.64	2.51	2.52	2.55

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 shown a fluctuating trend over the periods provided. From March 31, 2020, to June 30, 2022, the financial leverage ratio remained relatively stable between 2.5 and 5.6. However, there was a significant increase in the ratio from March 31, 2022, reaching a peak of 28.30, before gradually decreasing over the subsequent periods.

This sudden spike in financial leverage from March 2022 may indicate a substantial increase in debt to finance operations or investments during that period. The subsequent decline suggests that the company may have taken measures to reduce debt levels or improve its equity position.

Overall, the trend in the financial leverage ratio of Blackline Inc highlights significant fluctuations, particularly in the recent periods, indicating changes in the company's capital structure and potentially its risk profile. Monitoring this ratio over time can provide insights into the company's leverage management and financial health.