Blackbaud Inc (BLKB)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 67,628 | 31,251 | 31,691 | 55,146 | 35,750 |
| Short-term investments | US$ in thousands | 1,970 | 353 | 249 | 977 | 321 |
| Total current liabilities | US$ in thousands | 1,252,100 | 1,197,140 | 1,230,640 | 1,109,630 | 1,013,400 |
| Cash ratio | 0.06 | 0.03 | 0.03 | 0.05 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($67,628K
+ $1,970K)
÷ $1,252,100K
= 0.06
The cash ratio of Blackbaud Inc has shown fluctuations over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.04, indicating that the company had $0.04 in cash and cash equivalents for every $1 of current liabilities. By December 31, 2021, the cash ratio had slightly improved to 0.05, suggesting a better liquidity position compared to the previous year.
However, there was a slight decrease in the cash ratio to 0.03 by December 31, 2022 and maintained at this level through December 31, 2023. This decrease may indicate a potential strain on the company's liquidity as it had $0.03 in cash and cash equivalents for every $1 of current liabilities during these periods.
The cash ratio then saw an increase to 0.06 as of December 31, 2024, showing a significant improvement in the company's liquidity position compared to the prior years. This uptick may suggest that Blackbaud Inc had strengthened its ability to cover its short-term obligations with cash on hand by this point in time.
Overall, while the cash ratio has varied, it is important to assess it in conjunction with other financial metrics to get a comprehensive understanding of Blackbaud Inc's liquidity and financial health.
Peer comparison
Dec 31, 2024