Blackbaud Inc (BLKB)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 760,405 840,241 937,483 518,193 459,600
Total assets US$ in thousands 2,912,280 2,992,700 2,971,620 2,044,730 1,992,960
Debt-to-assets ratio 0.26 0.28 0.32 0.25 0.23

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $760,405K ÷ $2,912,280K
= 0.26

The debt-to-assets ratio for Blackbaud Inc has been relatively stable over the past five years. The ratio has ranged from 0.23 to 0.32 during this period, indicating that the company has maintained a moderate level of debt relative to its total assets.

The trend indicates that in the most recent year, 2023, the company's debt-to-assets ratio decreased to 0.27 from 0.29 in 2022. This may suggest that Blackbaud Inc has been managing its debt levels effectively or possibly improving the efficiency of its asset utilization.

Overall, a decreasing trend in the debt-to-assets ratio is generally seen as positive as it indicates a lower reliance on debt to finance the company's assets, which may enhance financial stability and reduce the risk of financial distress. However, it is important to consider the industry norms and the company's specific circumstances when interpreting this ratio.