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BlackLine (BlackLine) Effective Interest Rate on Debt % : 0.42% (As of Dec. 2023)


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What is BlackLine Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. BlackLine's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $5.9 Mil. BlackLine's average total debt for the quarter that ended in Dec. 2023 was $1,410.2 Mil. Therefore, BlackLine's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.42%.


BlackLine Effective Interest Rate on Debt % Historical Data

The historical data trend for BlackLine's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BlackLine Effective Interest Rate on Debt % Chart

BlackLine Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.16 5.70 8.11 0.46 0.42

BlackLine Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.42 0.42 0.42 0.42

Competitive Comparison of BlackLine's Effective Interest Rate on Debt %

For the Software - Application subindustry, BlackLine's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BlackLine's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, BlackLine's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where BlackLine's Effective Interest Rate on Debt % falls into.



BlackLine Effective Interest Rate on Debt % Calculation

BlackLine's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -5.898/( (1401.315+1410.469)/ 2 )
=-1  *  -5.898/1405.892
=0.42 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1394.383 + 6.932
=1401.315

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1156.35 + 254.119
=1410.469

BlackLine's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -5.936/( (1409.946+1410.469)/ 2 )
=-1  *  -5.936/1410.2075
=0.42 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1156.047 + 253.899
=1409.946

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1156.35 + 254.119
=1410.469

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


BlackLine  (NAS:BL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


BlackLine Effective Interest Rate on Debt % Related Terms

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BlackLine (BlackLine) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » BlackLine Inc (NAS:BL) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, USA, 91367
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their financial close process including account reconciliations, variance analysis of account balances, journal entry capabilities, and certain types of data matching capabilities. The majority of the revenue of the company is earned in the United States.
Executives
Mark Woodhams officer: Chief Revenue Officer 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Thomas Unterman director 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Mika Yamamoto director 21300 VICTORY BLVD.,, 12TH FLOOR, WOODLAND HILLS CA 91367
William Raymond Wagner director C/O VOCUS, INC., 4296 FORBES BOULEVARD, LANHAM MD 20706
Peter Hirsch officer: Chief Technology Officer C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, PLEASANTON CA 94588
Mark Partin officer: Chief Financial Officer 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Marc Huffman officer: Chief Operating Officer C/O NETSUITE INC., 2955 CAMPUS DRIVE, SUITE 100, SAN MATEO CA 94403
Amit Yoran director C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Brunilda Rios director C/O DELL TECHNOLOGIES INC., ONE DELL WAY, ROUND ROCK TX 78682
Owen Ryan director C/O BLACKLINE INC, 21300 VICTORY BOULEVARD 12TH FLOOR, WOODLAND HILLS CA 91367
Therese Tucker director, 10 percent owner, officer: Chief Executive Officer 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Graham Smith director 301 BRANNMAN ST, SAN FRANCISCO CA 94107
Barbara Whye director 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Morgan Karole Prager officer: Chief Legal Officer & Sec'y C/O MCCLATCHY CO, 2100 Q STREET, SACRAMENTO CA 95816
Patrick Villanova officer: Controller 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367