Blackline Inc (BL)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.54 | 0.57 | 0.70 | 0.72 | 0.71 | 0.74 | 0.74 | 0.74 | 0.61 | 0.63 | 0.62 | 0.62 | 0.37 | 0.38 | 0.38 | 0.39 | 0.38 | 0.39 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.81 | 0.84 | 0.89 | 0.92 | 0.93 | 0.95 | 0.95 | 0.95 | 0.77 | 0.76 | 0.76 | 0.76 | 0.49 | 0.49 | 0.49 | 0.50 | 0.49 | 0.49 | 0.00 | 0.00 |
| Debt-to-equity ratio | 4.37 | 5.28 | 7.86 | 11.84 | 12.37 | 17.75 | 17.45 | 20.87 | 3.43 | 3.22 | 3.21 | 3.14 | 0.96 | 0.96 | 0.97 | 0.98 | 0.96 | 0.96 | 0.00 | 0.00 |
| Financial leverage ratio | 8.05 | 9.35 | 11.20 | 16.52 | 17.37 | 24.09 | 23.66 | 28.28 | 5.59 | 5.14 | 5.14 | 5.03 | 2.64 | 2.51 | 2.52 | 2.55 | 2.55 | 2.48 | 1.61 | 1.59 |
The solvency ratios of Blackline Inc have shown fluctuations over the periods analyzed. The debt-to-assets ratio has been hovering around 0.70, indicating that 70% of the company's assets are funded by debt on average. The debt-to-capital ratio has also been relatively high, averaging around 0.85, illustrating that debt accounts for 85% of the company's total capital structure.
The debt-to-equity ratio has shown significant variability, ranging from 3.21 to as high as 17.75, with the latest figure being at 5.28 as of September 30, 2023. This signals the company's heavy reliance on debt to finance its operations, which can pose risks in terms of financial stability and flexibility.
Additionally, the financial leverage ratio has been consistently high, averaging around 10.00 over the periods analyzed. This ratio indicates the extent to which Blackline Inc is reliant on debt financing, with higher values suggesting higher financial risk due to increased debt levels.
Overall, the solvency ratios of Blackline Inc paint a picture of a company with significant debt obligations relative to its assets, capital, and equity. Investors and stakeholders should closely monitor these ratios to ensure the company's long-term financial health and stability.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 10.20 | 7.96 | 2.95 | -4.37 | -6.34 | -3.36 | -1.40 | -0.99 | -0.83 | -0.82 | -1.12 | -1.25 | -0.98 | -0.63 | -0.90 | -1.50 | -2.78 | -9.49 | — | — |
The interest coverage ratio for Blackline Inc has shown fluctuations over the past few quarters. As of December 31, 2023, the interest coverage ratio stood at 10.20, indicating that the company generated 10.20 times the earnings necessary to cover its interest expenses. This signifies a healthy ability to meet interest obligations with operating income.
However, the trend prior to December 2023 has been more volatile, with negative ratios recorded in some quarters such as March 31, 2023 (-4.37) and December 31, 2019 (-9.49). These negative ratios suggest that the company's operating income was insufficient to cover interest expenses during those periods.
It is essential for Blackline Inc to closely monitor and manage its interest coverage ratio to ensure sustainable financial health and avoid potential liquidity issues resulting from inadequate earnings relative to interest payments.