Blackbaud Inc (BLKB)

Current 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
Total current assets	US$ in thousands	929,757	579,406	1,044,570	579,322	918,643	547,537	726,992	507,112	850,971	457,981	691,008	465,284	819,060	412,715	667,104	428,622	734,539	445,945	600,141	413,883
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
Current ratio		0.78	0.62	0.77	0.67	0.75	0.63	0.73	0.67	0.77	0.69	0.79	0.72	0.81	0.67	0.78	0.69	0.74	0.66	0.76	0.69

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 displayed some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the current ratio stood at 0.78, indicating that the company's current assets were 78% of its current liabilities. This suggests that the company may have enough short-term assets to cover its short-term obligations.

However, it is worth noting that the current ratio has not been consistently strong over the entire period analyzed. In Q3 2023, the ratio dropped to 0.62, signaling a potential liquidity concern as the company's current assets were only 62% of its current liabilities. This substantial decline from the previous quarter could indicate a higher level of short-term debt or lower levels of liquid assets.

Looking at the historical trend, the current ratio has generally been below 1, which could indicate that Blackbaud Inc may have been relying more on short-term liabilities to finance its operations. The company may need to carefully manage its liquidity position to ensure it can meet its short-term obligations as they come due.

Overall, while the current ratio for Blackbaud Inc has shown variability over the past quarters, investors and stakeholders should pay close attention to future developments to assess the company's short-term liquidity and financial health.