Blank Checks Industry Financial Strength
Blank Checks Industry financial ratios covering liquidity, current ratio, debt-to-equity, leverage and debt coverage, with highest, lowest and average ratios and cross-industry rankings.
Track the Blank Checks Industry's financial ratios over 20 years of quarterly history, with trailing-twelve-month (TTM) results reported by year and quarter. Compare current ratio, quick ratio, debt-to-equity ratio, leverage and ability to meet financial obligations with industry benchmarks, including historical results. Subscription access adds advanced ratios, like net-debt ratios, Altman Z and full leverage / coverage distributions across the peer set.
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Blank Checks Industry Liquidity, Leverage & Coverage
| Metric | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|
| Current Ratio (TTM) Current assets / current liabilities |
0.63x | Subscribe | Subscribe | Subscribe | Subscribe |
| ↳ Industry rank | # 94 | Subscribe | Subscribe | Subscribe | Subscribe |
| Quick Ratio (TTM) Cash & equivalents / current liabilities |
0.49x | Subscribe | Subscribe | Subscribe | Subscribe |
| ↳ Industry rank | # 22 | Subscribe | Subscribe | Subscribe | Subscribe |
| Debt to Equity (TTM) Total debt / shareholders’ equity |
-0.03x | Subscribe | Subscribe | Subscribe | Subscribe |
| ↳ Industry rank | # 2 | Subscribe | Subscribe | Subscribe | Subscribe |
| Leverage Ratio (TTM) Total assets / equity |
-17.6x | Subscribe | Subscribe | Subscribe | Subscribe |
| ↳ Industry rank | # 1 | Subscribe | Subscribe | Subscribe | Subscribe |
| Interest Coverage (TTM) EBITDA / interest expense |
- | Subscribe | Subscribe | Subscribe | Subscribe |
| ↳ Industry rank | # 18 | Subscribe | Subscribe | Subscribe | Subscribe |
| Debt Coverage (TTM) EBITDA / total debt |
13.75x | Subscribe | Subscribe | Subscribe | Subscribe |
| ↳ Industry rank | # 1 | Subscribe | Subscribe | Subscribe | Subscribe |
Multi-period liquidity, leverage and coverage ratios and peer rankings for Blank Checks Industry require a subscription or commercial license.
Balance-Sheet Strength in Credit, Fixed-Income & Risk
Liquidity, leverage and coverage answer a question that margins and returns do not: if revenue stalls or rates rise, can the business still pay what it owes? A highly profitable industry can still be fragile if it funds itself with short-dated debt, and a thin-margin one can be rock-solid if it carries little of it which is why these ratios sit at the centre of credit and counterparty work.
Lenders size covenants and borrowing bases off debt-to-equity and coverage; rating analysts and fixed-income desks read solvency and coverage to place a credit against its peers; and risk teams feed sector leverage and coverage distributions into probability-of-default and expected-loss models. Where this industry's balance sheet sits relative to peers, and which way it is trending, frames each of those calls.
For the per-dollar-of-sales view see the margin profile; for profit earned on the capital employed see return on capital. This page is strictly the balance sheet's capacity to absorb stress.
| Metric | Q3 2022 TTM | Q2 2022 TTM | Q1 2022 TTM | Q4 2021 TTM | Q3 2021 TTM |
|---|---|---|---|---|---|
| Liquidity | |||||
| Current Ratio Current assets / current liabilities |
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| Quick Ratio Liquid assets / current liabilities |
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| Cash Ratio Cash / current liabilities |
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| Working Capital / Revenue (Current assets - liabilities) / revenue |
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| Leverage | |||||
| Debt to Equity Total debt / equity |
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| Leverage Ratio Total assets / equity |
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| Net Debt to Equity (Debt - cash) / equity |
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| Net Debt to EBITDA (Debt - cash) / EBITDA |
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| Debt to Assets Total debt / total assets |
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| Equity Ratio Equity / total assets |
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| Coverage & solvency | |||||
| Interest Coverage EBITDA / interest expense |
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| Debt Coverage EBITDA / total debt |
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| Operating Cash Flow / Interest OCF vs interest expense |
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| Operating Cash Flow / Debt OCF vs total debt |
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| Risk & distress | |||||
| Altman Z-Score Bankruptcy-risk composite |
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| Distress Risk Score Composite distress indicator |
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| Distressed Companies # constituents flagged distressed |
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| Interest-Cover Volatility (8q) Stability of coverage |
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| Leverage distribution (cross-sectional) | |||||
| Debt/Equity Median Cross-sectional median |
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| Debt/Equity 25th Pct. Lower quartile |
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| Debt/Equity 75th Pct. Upper quartile |
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| Debt/Equity Std. Dev. Dispersion across peers |
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| Debt/Equity IQR (Spread) P75 - P25 |
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| Coverage distribution (cross-sectional) | |||||
| Interest Cover Median Cross-sectional median |
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| Interest Cover 25th Pct. Lower quartile |
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| Interest Cover 75th Pct. Upper quartile |
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| Interest Cover Std. Dev. Dispersion across peers |
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| Interest Cover IQR (Spread) P75 - P25 |
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| Cross-industry percentile | |||||
| Debt/Equity Cross-Industry Percentile Where leverage ranks across all industries |
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| Interest-Cover Cross-Industry Percentile Where coverage ranks across all industries |
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| Debt/Equity Z-Score Std deviations from peer mean |
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| Interest-Cover Z-Score Std deviations from peer mean |
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Net-debt ratios, Altman Z, distress flags and the leverage / coverage dispersion stats for credit, risk and quant models require a commercial license.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Liquidity | |||||
| Current Ratio Current assets / current liabilities |
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| Quick Ratio Liquid assets / current liabilities |
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| Cash Ratio Cash / current liabilities |
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| Working Capital / Revenue (Current assets - liabilities) / revenue |
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| Leverage | |||||
| Debt to Equity Total debt / equity |
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| Leverage Ratio Total assets / equity |
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| Net Debt to Equity (Debt - cash) / equity |
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| Net Debt to EBITDA (Debt - cash) / EBITDA |
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| Debt to Assets Total debt / total assets |
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| Equity Ratio Equity / total assets |
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| Coverage & solvency | |||||
| Interest Coverage EBITDA / interest expense |
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| Debt Coverage EBITDA / total debt |
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| Operating Cash Flow / Interest OCF vs interest expense |
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| Operating Cash Flow / Debt OCF vs total debt |
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| Risk & distress | |||||
| Altman Z-Score Bankruptcy-risk composite |
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| Distress Risk Score Composite distress indicator |
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| Distressed Companies # constituents flagged distressed |
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| Interest-Cover Volatility (8q) Stability of coverage |
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| Leverage distribution (cross-sectional) | |||||
| Debt/Equity Median Cross-sectional median |
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| Debt/Equity 25th Pct. Lower quartile |
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| Debt/Equity 75th Pct. Upper quartile |
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| Debt/Equity Std. Dev. Dispersion across peers |
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| Debt/Equity IQR (Spread) P75 - P25 |
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| Coverage distribution (cross-sectional) | |||||
| Interest Cover Median Cross-sectional median |
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| Interest Cover 25th Pct. Lower quartile |
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| Interest Cover 75th Pct. Upper quartile |
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| Interest Cover Std. Dev. Dispersion across peers |
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| Interest Cover IQR (Spread) P75 - P25 |
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| Cross-industry percentile | |||||
| Debt/Equity Cross-Industry Percentile Where leverage ranks across all industries |
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| Interest-Cover Cross-Industry Percentile Where coverage ranks across all industries |
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| Debt/Equity Z-Score Std deviations from peer mean |
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| Interest-Cover Z-Score Std deviations from peer mean |
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Net-debt ratios, Altman Z, distress flags and the leverage / coverage dispersion stats for credit, risk and quant models require a commercial license.
How strong is the balance sheet in Blank Checks Industry
Blank Checks Industry carries about -0.03x debt for every dollar of equity and runs -17.6x of assets on that equity base. On the liquidity side it holds 0.63x of current assets for each dollar of near-term obligations.
Against the cross-industry distribution, that works out to less leverage than the typical industry, which sits near 0x debt to equity. On a cross-industry basis its leverage sits about 0.55 standard deviations below the average industry. The aggregate Altman Z reads 0.01, a coarse solvency screen that travels better as a relative marker across the panel than as a single absolute number.
For a credit-research or risk desk this is a comparison read. Where this industry's leverage and coverage sit against the cross-industry distribution is what defends a peer set and separates a structural balance-sheet position from a cyclical one. Rating analysts, private-credit teams and Basel / IFRS 9 modelers all start from the same sector distribution before they price a single name.
The series runs back about twenty years, recorded point-in-time and normalized the same way for every industry. That is what makes it useful to people building models rather than reading pages: the same panel that feeds a PD or ECL model feeds a covenant backtest, and an agent grounded on this industry's -0.03x debt to equity and where it sits in the leverage distribution answers more steadily than one reasoning from a stack of raw filings, because the comparable-numbers problem is already solved. It is a dataset built to be queried; the credit judgement stays with whatever model you point at it.
Industry Benchmarking Dataset for Institutional Use
CommercialThe data presented above is part of our institutional-grade Industry Benchmarking Dataset, designed for integration into credit-risk models, fixed-income analytics, and internal banking systems. The full dataset is available under a Commercial License, with delivery via API or bulk CSV datasets.
Margin benchmarks across the full industry distribution
Gross, operating, EBITDA, pre-tax, net, and free cash flow margins - delivered as TTM, quarterly, and annual series with P25 / median / P75 / standard deviation for every reporting period.
Revenue, income & cash flow growth across 13+ line items
Industry-level growth benchmarks for every major P&L and cash flow line - with breadth indicators showing what share of companies posted positive growth, acceleration metrics, and rolling TTM comparisons.
Industry valuation multiples with 5-year context & Z-scores
P/E, P/S, P/FCF, P/Book, EV/EBITDA - current and trailing - with five-year averages, percentile ranks, Z-scores, and a composite valuation score to place the industry in historical context.
Productivity, turnover ratios & cash conversion benchmarks
Revenue and income per employee, asset and receivables turnover, days sales outstanding, days inventory, days payables, and the full cash conversion cycle - benchmarked across the industry distribution.
ROA, ROE, ROIC & DuPont decomposition benchmarks
Return metrics measuring how effectively management allocates capital - with incremental ROIC, DuPont decomposition, FCF quality indicators, and a composite management effectiveness score across the industry.
Leverage, liquidity & debt coverage across the industry
Debt-to-equity, interest and debt coverage, quick ratio, working capital, leverage ratios - full distribution statistics - in standardized, audit-ready format suited for credit workflows, compliance, and ESG reporting.
Decision Framework & Data Access
Power onboarding, benchmarking, and quantitative analysis with institutional-grade datasets structured for direct integration into financial models and risk frameworks.
- Industry benchmarking datasets (valuation, growth, profitability)
- Designed for quant models and benchmarking workflows
- Consistent time-series structure (Quarterly, TTM, Annual)
- Coverage across 100+ industries and 20+ years of history