Blackbaud Inc (BLKB)

Current ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Total current assets US$ in thousands 976,308 655,558 1,079,170 577,084 929,757 579,406 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
Total current liabilities US$ in thousands 1,252,100 962,205 1,348,980 862,627 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
Current ratio 0.78 0.68 0.80 0.67 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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $976,308K ÷ $1,252,100K
= 0.78

The current ratio of Blackbaud Inc, which is calculated by dividing current assets by current liabilities, has fluctuated over the past several quarters. The trend shows that the company's ability to cover its short-term obligations with its current assets has been somewhat inconsistent. The current ratio was below 1 in most quarters, indicating a potential risk of liquidity stress. It increased slightly in some periods but remained below the desirable level of 1. Overall, Blackbaud Inc may need to closely monitor its current assets and liabilities to ensure it maintains a healthy liquidity position in the future.