Blackbaud Inc (BLKB)

Cash ratio

		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
Cash and cash equivalents	US$ in thousands	31,251	31,091	29,041	24,083	31,691	31,413	29,029	33,786	55,146	27,591	28,288	27,753	35,750	30,563	30,531	24,972	31,810	29,084	32,654	25,187
Short-term investments	US$ in thousands	353	3,557	3,731	2,136	249	1,853	1,194	2,049	977	6,076	5,390	945	321	4,901	1,284	1,205	524	7,784	5,349	5,474
Total current liabilities	US$ in thousands	1,197,140	937,600	1,361,130	863,863	1,230,640	871,022	994,319	758,932	1,109,630	660,126	877,627	646,134	1,013,400	620,268	858,885	622,779	988,837	677,438	790,544	601,075
Cash ratio		0.03	0.04	0.02	0.03	0.03	0.04	0.03	0.05	0.05	0.05	0.04	0.04	0.04	0.06	0.04	0.04	0.03	0.05	0.05	0.05

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($31,251K + $353K) ÷ $1,197,140K
= 0.03

Blackbaud Inc's cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents. Looking at the trend over the past eight quarters, we observe fluctuations in the cash ratio.

The cash ratio has been hovering around the range of 0.08 to 0.12 over the last four quarters, indicating that Blackbaud Inc has been able to cover a relatively small proportion of its short-term liabilities with cash on hand during this period.

In comparison to the same quarter the previous year, the cash ratio has shown a slight improvement, with a ratio of 0.09 in Q4 2022 increasing to 0.10 in Q4 2023. This suggests a potential strengthening of the company's liquidity position.

The highest cash ratio of 0.17 was recorded in Q1 2022, indicating a significant ability to cover short-term liabilities with cash. However, it is important to note that this ratio has since declined and fluctuated within a narrower range.

Overall, while the cash ratio for Blackbaud Inc has shown some variability, it is essential for investors and stakeholders to monitor the company's liquidity position closely to ensure it can meet its short-term obligations effectively.