Blackbaud Inc (BLKB)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 17.58 | 4.78 | 5.27 | 4.77 | 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 |
Blackbaud Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity over the reported periods. The Debt-to-assets, Debt-to-capital, and Debt-to-equity ratios all stand at 0.00, suggesting that the company carries no significant financial leverage and operates with minimal debt obligations.
The Financial Leverage ratio, which measures the extent of a company's financing through debt, fluctuates but generally remains within a manageable range. The ratio increased from 3.74 on September 30, 2020, to 17.58 on December 31, 2024, indicating a notable spike in leverage at the end of 2024. This may warrant further investigation into the company's capital structure and financing decisions during that period.
Overall, the solvency ratios of Blackbaud Inc imply a conservative financial strategy, with a focus on maintaining a strong balance sheet and a low-risk profile.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -5.01 | 3.70 | 3.81 | 3.17 | 2.59 | 0.52 | -0.30 | -0.44 | -0.40 | -0.32 | 0.13 | 0.58 | 1.26 | 1.40 | 1.25 | 1.72 | 2.03 | 2.49 | 2.38 | 1.98 |
Blackbaud Inc's interest coverage ratio has experienced significant fluctuations over the periods analyzed. The interest coverage ratio measures the company's ability to meet its interest obligations on outstanding debt.
From March 31, 2020, to June 30, 2021, the interest coverage ratio generally improved, indicating that the company's earnings were sufficient to cover its interest expenses. However, from March 31, 2022, to June 30, 2023, the interest coverage ratio declined substantially, falling into negative territory, which raises concerns about the company's ability to meet its interest payments from its operating income.
By September 30, 2023, the interest coverage ratio improved, showing a positive trend, and by December 31, 2023, it significantly increased to 2.59, indicating that the company's earnings were more than sufficient to cover its interest expenses. This positive trend continued through the end of 2024, with the interest coverage ratio ranging from 3.17 to 3.81.
Overall, the interest coverage ratio of Blackbaud Inc has shown both strengths and weaknesses over the analyzed periods. It is crucial for investors and stakeholders to closely monitor this ratio to assess the company's ability to manage its debt and interest obligations effectively.