Blackbaud Inc (BLKB)

Financial leverage 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
Total assets	US$ in thousands	2,912,280	2,603,280	3,093,010	2,639,350	2,992,700	2,626,580	2,825,520	2,628,700	2,971,620	1,654,940	1,903,360	1,684,340	2,044,730	1,651,160	1,896,810	1,670,920	1,992,960	1,710,010	1,873,960	1,702,410
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
Financial leverage ratio		3.60	3.25	4.06	3.67	4.02	3.58	3.92	3.73	4.14	4.17	4.70	4.05	4.80	3.74	4.62	4.39	5.02	4.48	5.03	4.65

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,912,280K ÷ $808,705K
= 3.60

The financial leverage ratio of Blackbaud Inc has shown some fluctuations over the past eight quarters, ranging from a low of 3.25 to a high of 4.06. This ratio indicates the company's level of financial leverage, representing the proportion of the company's assets that are financed by debt compared to equity.

A higher financial leverage ratio suggests that the company is relying more on debt to finance its operations and investments, which can potentially amplify returns but also increase financial risk. Conversely, a lower ratio indicates a more conservative financing structure with a greater reliance on equity.

In the case of Blackbaud Inc, the trend in the financial leverage ratio seems to be somewhat volatile, with fluctuations from quarter to quarter. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to meet its financial obligations and manage its debt levels effectively. Further analysis and comparison with industry peers may provide additional insights into the company's financial health and risk profile.