Blackbaud Inc (BLKB)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	929,757	918,643	850,971	819,060	734,539
Total current liabilities	US$ in thousands	1,197,140	1,230,640	1,109,630	1,013,400	988,837
Current ratio		0.78	0.75	0.77	0.81	0.74

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $929,757K ÷ $1,197,140K
= 0.78

The current ratio of Blackbaud Inc has fluctuated over the past five years, ranging from 0.74 to 0.81. This ratio indicates the company's ability to meet its short-term obligations with its current assets. A higher current ratio is generally preferred, as it suggests that the company has more current assets relative to its current liabilities.

In 2023, the current ratio decreased slightly to 0.78 from 0.81 in 2022, but remains relatively stable compared to the ratios from the previous years. While the current ratio of 0.78 indicates that Blackbaud Inc may face challenges in meeting its short-term obligations using its current assets, it is important to consider industry benchmarks and the company's overall financial health before drawing definitive conclusions.

Overall, Blackbaud Inc's current ratio has shown some variability, and further analysis of the company's liquidity position and financial performance is recommended to gain a more comprehensive understanding of its financial stability.