Blackbaud Inc (BLKB)

Liquidity ratios

	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
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
Quick ratio	0.11	0.15	0.15	0.15	0.11	0.14	0.18	0.17	0.14	0.21	0.17	0.17	0.13	0.21	0.19	0.19	0.12	0.19	0.21	0.20
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

Blackbaud Inc's liquidity ratios indicate the company's ability to meet its short-term obligations. The current ratio has been fluctuating over the quarters, ranging from 0.62 to 0.78. This ratio suggests that the company may have difficulty covering its current liabilities with its current assets, as a ratio below 1 indicates potential liquidity issues.

The quick ratio, which provides a more conservative measure of liquidity by excluding inventory from current assets, also shows fluctuation but remains consistently low, ranging from 0.17 to 0.30. This suggests that Blackbaud Inc may struggle to meet its short-term obligations without relying on inventory sales.

The cash ratio, which measures the ability to pay off current liabilities with cash and cash equivalents, also shows variability but generally indicates a low level of cash reserves relative to current liabilities. The ratios range from 0.08 to 0.17, indicating tight liquidity and potential challenges in meeting short-term obligations solely with cash on hand.

Overall, the liquidity ratios of Blackbaud Inc suggest that the company may face challenges in meeting its short-term financial commitments. Investors and stakeholders should closely monitor these ratios to assess the company's ability to manage liquidity effectively.

Additional liquidity measure

		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 conversion cycle	days	25.29	153.25	322.66	152.07	281.03	149.08	220.71	136.12	295.32	195.64	291.16	186.08	533.86	186.51	376.47	197.46	470.27	225.63	346.47	211.95

The cash conversion cycle of Blackbaud Inc fluctuated over the past eight quarters, ranging from a low of 3.98 days in Q1 2023 to a high of 31.02 days in Q2 2023. This metric measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales. A shorter cash conversion cycle is generally preferred as it signifies that the company is efficiently managing its working capital and generating cash quickly. Overall, Blackbaud Inc's cash conversion cycle exhibited variability during the period, indicating potential fluctuations in its operational efficiency and liquidity management. Further analysis and comparison with industry benchmarks may provide additional insights into the effectiveness of the company's working capital management.