Blend Labs has a Cash Ratio of 4.34. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Blend Labs's Cash Ratio or its related term are showing as below:
BLND'
s Cash Ratio Range Over the Past 10 Years
Min: 4.33 Med: 5.86 Max: 9.98
Current: 4.34
During the past 5 years, Blend Labs's highest Cash Ratio was 9.98. The lowest was 4.33. And the median was 5.86.
BLND's Cash Ratio is ranked better than 90.72% of 2768
companies
in the Software industry
Industry Median: 0.775
vs BLND: 4.34
Blend Labs Cash Ratio Historical Data
The historical data trend for Blend Labs's Cash Ratio 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.
For the Software - Application subindustry, Blend Labs's Cash Ratio, along with its competitors' market caps and Cash Ratio 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 Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Blend Labs's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Blend Labs's Cash Ratio falls into.
Blend Labs Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Blend Labs's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Blend Labs (NYSE:BLND) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Blend Labs Cash Ratio Related Terms
Thank you for viewing the detailed overview of Blend Labs's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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