BlackLine (BlackLine) Debt-to-Equity

: 5.41 (As of Dec. 2023)

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BlackLine's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $254.1 Mil. BlackLine's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,156.4 Mil. BlackLine's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $260.9 Mil. BlackLine's debt to equity for the quarter that ended in Dec. 2023 was 5.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

BL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.99 Max: 12.53
Current: 5.41

During the past 10 years, the highest Debt-to-Equity Ratio of BlackLine was 12.53. The lowest was 0.00. And the median was 0.99.

BL's Debt-to-Equity is ranked worse than
97.61% of 2221 companies
in the Software industry
Industry Median: 0.21 vs BL: 5.41

BlackLine Debt-to-Equity Historical Data

The historical data trend for BlackLine's Debt-to-Equity 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.00

0.99

3.49

12.53

5.41

BlackLine Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																12.53	11.98	8.00	6.54	5.41

Competitive Comparison

For the Software - Application subindustry, BlackLine's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

* The bar in red indicates where BlackLine's Debt-to-Equity falls into.

BlackLine Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BlackLine's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(254.119	+	1156.35)	/	260.881
	=	5.41

BlackLine's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(254.119	+	1156.35)	/	260.881
	=	5.41

BlackLine (NAS:BL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

BlackLine Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of BlackLine's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

BlackLine (BlackLine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlackLine Inc (NAS:BL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

02B:Germany 02B:Germany

Address

21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, USA, 91367

Website

https://www.blackline.com

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