BlackLine Balance Sheet Health
Financial Health criteria checks 5/6
BlackLine has a total shareholder equity of $397.5M and total debt of $891.8M, which brings its debt-to-equity ratio to 224.3%. Its total assets and total liabilities are $1.7B and $1.3B respectively. BlackLine's EBIT is $28.3M making its interest coverage ratio -0.6. It has cash and short-term investments of $846.3M.
Key information
224.3%
Debt to equity ratio
US$891.83m
Debt
| Interest coverage ratio | -0.6x |
| Cash | US$846.28m |
| Equity | US$397.54m |
| Total liabilities | US$1.30b |
| Total assets | US$1.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B2LN34's short term assets ($1.0B) exceed its short term liabilities ($377.3M).
Long Term Liabilities: B2LN34's short term assets ($1.0B) exceed its long term liabilities ($920.3M).
Debt to Equity History and Analysis
Debt Level: B2LN34's net debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: B2LN34's debt to equity ratio has increased from 94.5% to 224.3% over the past 5 years.
Debt Coverage: B2LN34's debt is well covered by operating cash flow (21.2%).
Interest Coverage: B2LN34 earns more interest than it pays, so coverage of interest payments is not a concern.