Blackbaud Inc (BLKB)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 67,628 | 31,251 | 31,691 | 55,146 | 35,750 |
| Short-term investments | US$ in thousands | 1,970 | 353 | 249 | 977 | 321 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,252,100 | 1,197,140 | 1,230,640 | 1,109,630 | 1,013,400 |
| Quick ratio | 0.06 | 0.03 | 0.03 | 0.05 | 0.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($67,628K
+ $1,970K
+ $—K)
÷ $1,252,100K
= 0.06
The quick ratio of Blackbaud Inc, a measure of the company's ability to meet its short-term obligations with its most liquid assets, has fluctuated over the past five years.
As of December 31, 2020, the quick ratio was extremely low at 0.04, indicating that Blackbaud had limited liquid assets relative to its current liabilities. However, the ratio improved slightly to 0.05 by December 31, 2021, suggesting a small enhancement in the company's short-term liquidity position.
There was a decrease in the quick ratio to 0.03 by December 31, 2022, signaling a potential decline in the company's ability to cover its short-term obligations with its quick assets. This trend persisted as the ratio remained at 0.03 by December 31, 2023, indicating a continued challenge in meeting immediate financial obligations.
A positive development occurred by December 31, 2024, as the quick ratio increased to 0.06, demonstrating an improvement in the company's short-term liquidity position compared to the previous years.
Overall, the fluctuating trend in Blackbaud Inc's quick ratio over the five-year period suggests varying levels of liquidity management and highlights the importance of monitoring the company's ability to meet its short-term obligations with its readily available assets.
Peer comparison
Dec 31, 2024