Backblaze Balance Sheet Health
Financial Health criteria checks 3/6
Backblaze has a total shareholder equity of $42.8M and total debt of $4.7M, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are $136.2M and $93.4M respectively.
Key information
10.9%
Debt to equity ratio
US$4.68m
Debt
| Interest coverage ratio | n/a |
| Cash | US$20.88m |
| Equity | US$42.83m |
| Total liabilities | US$93.41m |
| Total assets | US$136.24m |
Recent financial health updates
Is Backblaze (NASDAQ:BLZE) Using Debt Sensibly?
Oct 11
Is Backblaze (NASDAQ:BLZE) A Risky Investment?
Jul 01Does Backblaze (NASDAQ:BLZE) Have A Healthy Balance Sheet?
Jan 25Companies Like Backblaze (NASDAQ:BLZE) Are In A Position To Invest In Growth
Oct 06Companies Like Backblaze (NASDAQ:BLZE) Can Afford To Invest In Growth
May 08Recent updates
Backblaze: Great Value Buy Amid Sales Shake-Up
Dec 16Revenues Tell The Story For Backblaze, Inc. (NASDAQ:BLZE) As Its Stock Soars 26%
Nov 07Is Backblaze (NASDAQ:BLZE) Using Debt Sensibly?
Oct 11Backblaze: High Growth Software Stock Trading For Peanuts
Sep 27It Is Time To Dip A Toe In Backblaze
Jul 04Is Backblaze (NASDAQ:BLZE) A Risky Investment?
Jul 01Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?
Jun 05Backblaze, Inc.'s (NASDAQ:BLZE) 26% Cheaper Price Remains In Tune With Revenues
May 10Calculating The Fair Value Of Backblaze, Inc. (NASDAQ:BLZE)
Mar 15Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?
Feb 25Backblaze: Lacking A Competitive Offering As Losses Accumulate
Feb 09Why Investors Shouldn't Be Surprised By Backblaze, Inc.'s (NASDAQ:BLZE) 28% Share Price Surge
Feb 07Does Backblaze (NASDAQ:BLZE) Have A Healthy Balance Sheet?
Jan 25Companies Like Backblaze (NASDAQ:BLZE) Are In A Position To Invest In Growth
Oct 06Backblaze, Inc. (NASDAQ:BLZE) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Aug 12Backblaze: Far From Black Numbers
May 25Companies Like Backblaze (NASDAQ:BLZE) Can Afford To Invest In Growth
May 08Financial Position Analysis
Short Term Liabilities: BLZE's short term assets ($31.9M) do not cover its short term liabilities ($59.2M).
Long Term Liabilities: BLZE's short term assets ($31.9M) do not cover its long term liabilities ($34.2M).
Debt to Equity History and Analysis
Debt Level: BLZE has more cash than its total debt.
Reducing Debt: Insufficient data to determine if BLZE's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BLZE has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: BLZE has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 43.7% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 07:14 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Backblaze, Inc. is covered by 8 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zachary Cummins | B. Riley Securities, Inc. |
| Edward Stacey | Cavendish |
| Jeffrey Van Rhee | Craig-Hallum Capital Group LLC |