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.
Peer comparison
Dec 31, 2023