Blackbaud Inc (BLKB)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,495,720 | 2,912,280 | 2,992,700 | 2,965,360 | 2,044,730 |
| Total stockholders’ equity | US$ in thousands | 141,993 | 808,705 | 744,032 | 717,060 | 426,150 |
| Financial leverage ratio | 17.58 | 3.60 | 4.02 | 4.14 | 4.80 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,495,720K ÷ $141,993K
= 17.58
The financial leverage ratio of Blackbaud Inc has shown a decreasing trend over the past few years, indicating an improvement in the company's ability to meet its financial obligations using debt. The ratio decreased from 4.80 in December 2020 to 4.14 in December 2021, further dropping to 4.02 in December 2022, and reaching 3.60 in December 2023. However, there was a significant spike in the ratio to 17.58 in December 2024, which suggests a sudden increase in debt relative to equity in that year. Overall, it is important for stakeholders to closely monitor the company's leverage ratio to ensure it remains at a sustainable level.
Peer comparison
Dec 31, 2024