Blackbaud fourth-quarter profit jumps 169.60 percent on a YOY basis
Source: IRIS | 13 Feb, 2017, 02.41PM
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Rating: NAN / 5 stars. |
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Debt comes down Blackbaud has recorded a decline in total debt over the last one year. It stood at $342.39 million as on Dec. 31, 2016, down 16.10 percent or $65.69 million from $408.09 million on Dec. 31, 2015. Total debt was 26.13 percent of total assets as on Dec. 31, 2016, compared with 33.34 percent on Dec. 31, 2015. Debt to equity ratio was at 1.38 as on Dec. 31, 2016, down from 1.94 as on Dec. 31, 2015. Interest coverage ratio improved to 9.44 for the quarter from 3.81 for the same period last year.
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