Blend Labs (Blend Labs) Cash-to-Debt : 0.92 (As of Dec. 2023)

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What is Blend Labs Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Blend Labs's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.92.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Blend Labs couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Blend Labs's Cash-to-Debt or its related term are showing as below:

BLND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.92 Med: 2.36 Max: No Debt
Current: 0.92

During the past 5 years, Blend Labs's highest Cash to Debt Ratio was No Debt. The lowest was 0.92. And the median was 2.36.

BLND's Cash-to-Debt is ranked worse than
65.8% of 2792 companies
in the Software industry
Industry Median: 2.41 vs BLND: 0.92

Blend Labs Cash-to-Debt Historical Data

The historical data trend for Blend Labs's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Blend Labs Cash-to-Debt Chart

Blend Labs Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

9.15

2.36

1.53

0.92

Blend Labs Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												1.53	1.32	1.15	1.06	0.92

Competitive Comparison of Blend Labs's Cash-to-Debt

For the Software - Application subindustry, Blend Labs's Cash-to-Debt, along with its competitors' market caps and Cash-to-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.

Blend Labs's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Blend Labs's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Blend Labs's Cash-to-Debt falls into.

Blend Labs Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Blend Labs's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	136.922	/	(4.379	+	145.316)
	=	0.91

Blend Labs's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	136.922	/	(4.379	+	145.316)
	=	0.91

Blend Labs (NYSE:BLND) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Blend Labs Cash-to-Debt Related Terms

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Blend Labs (Blend Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Blend Labs Inc (NYSE:BLND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

415 Kearny Street, San Francisco, CA, USA, 94108

Website

https://www.blend.com

Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segments are 1) Blend Platform comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. 2) Title365 enables customers to streamline the title, settlement, and closing process at scale for mortgages, home equity lines of credit, and home equity loans. The majority of revenue is earned from the blend platform segment.

Executives

Amir Jafari	officer: Head of Finance and Admin.	415 KEARNY STREET, SAN FRANCISCO CA 94108
Nima Ghamsari	director, officer: Chief Executive Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Oxana Tkach	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Winnie Ling	officer: Head of Legal	415 KEARNY STREET, SAN FRANCISCO CA 94108
Dean Klinger	officer: Head of Go-To-Market	415 KEARNY STREET, SAN FRANCISCO CA 94108
Crystal Sumner	officer: Head of Legal, Compliance,Risk	415 KEARNY STREET, SAN FRANCISCO CA 94108
Erin N Lantz	director	2343 42ND AVE EAST, SEATTLE WA 98112
Marc S. Greenberg	officer: Head of Finance	415 KEARNY STREET, SAN FRANCISCO CA 94108
Manish K. Gupta	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Timothy J Mayopoulos	director, officer: President	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Jonathan Y. Chan	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Ciara Burnham	director	3110 MAIN STREET, SUITE 400, SANTA MONICA CA 90405
Ossa Investments Pte. Ltd.	10 percent owner	60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Gerald C. Chen	director	415 KEARNY STREET, SAN FRANCISCO CA 94108
Erin James Collard	director	415 KEARNY STREET, SAN FRANCISCO CA 94108