Blackbaud Inc (BLKB)

Debt-to-capital 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
Long-term debt US$ in thousands 760,405 723,376 827,403 858,912 840,241 835,881 921,619 963,109 937,483 514,418 531,973 537,924 518,193 497,953 478,919 520,576 459,600 495,556 553,812 576,068
Total stockholders’ equity US$ in thousands 808,705 800,171 761,370 719,733 744,032 732,812 720,474 705,050 717,060 396,837 405,274 416,160 426,150 441,835 410,802 380,393 396,764 381,457 372,702 365,748
Debt-to-capital ratio 0.48 0.47 0.52 0.54 0.53 0.53 0.56 0.58 0.57 0.56 0.57 0.56 0.55 0.53 0.54 0.58 0.54 0.57 0.60 0.61

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $760,405K ÷ ($760,405K + $808,705K)
= 0.48

The debt-to-capital ratio for Blackbaud Inc has exhibited some fluctuations over the past eight quarters. The ratio has ranged from 0.48 to 0.58 during this period. In Q1 2022, the ratio was highest at 0.58, indicating that debt made up 58% of the company's capital structure at that time.

However, in more recent quarters, the ratio has been relatively lower, with Q4 2023 showing a ratio of 0.49. This suggests that the proportion of debt in relation to the total capital has decreased to 49% in the most recent quarter.

Overall, the trend in the debt-to-capital ratio seems to have slightly decreased over the past few quarters, indicating Blackbaud Inc may be managing its debt levels more effectively or may have increased its capital base. It is important for the company to monitor this ratio to ensure that it maintains a healthy balance between debt and equity in its capital structure.