Blackline Inc (BL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| Debt-to-equity 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 |
| 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 |
Blackline Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 for all reported periods, suggesting that the company does not rely heavily on debt to finance its operations.
The Financial leverage ratio, which measures the level of financial risk, shows some fluctuations over the years. The ratio increased significantly from 2.55 in March 2020 to a peak of 28.30 in March 2022, indicating a sharp increase in financial leverage during that period. However, the ratio has since decreased steadily to 4.09 in December 2024, reflecting a reduction in financial risk and a more conservative capital structure.
Overall, Blackline Inc's solvency ratios demonstrate a stable and conservative approach to managing debt and financial leverage, indicating a solid financial foundation and a low risk of insolvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.61 | 5.03 | 2.44 | 7.31 | 6.16 | 2.69 | 0.40 | -6.67 | -10.13 | -3.31 | -1.29 | -0.91 | -0.62 | -0.55 | -0.83 | -0.79 | -0.46 | -0.31 | -0.63 | -1.17 |
Interest coverage ratio measures a company's ability to pay its interest expenses on outstanding debt. A higher ratio indicates that the company is more capable of meeting interest obligations.
Analyzing Blackline Inc's interest coverage from March 31, 2020, to December 31, 2024, reveals a fluctuating trend. The company's interest coverage ratio started in negative territory, indicating insufficient earnings to cover interest expenses. However, there was a significant improvement in the ratio in the latter half of 2023 and throughout 2024.
The ratio turned positive as of June 30, 2023, and continued to increase in subsequent periods, reaching its peak at 7.31 on March 31, 2024. This positive trend suggests that Blackline Inc's earnings have strengthened to the point where it can comfortably cover its interest payments.
Overall, the upward trend in the interest coverage ratio indicates a positive financial performance and a more stable position in terms of meeting interest obligations. Investors and lenders may view this improvement favorably as it demonstrates the company's ability to handle its debt more effectively.