Blend Labs Inc

NYSE BLND

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Blend Labs Inc Cash to Debt Ratio for the quarter ending March 31, 2024: 0.59

Blend Labs Inc Cash to Debt Ratio is 0.59 for the quarter ending March 31, 2024, a 182.75% change year over year. The cash to debt ratio assesses a company's ability to cover its total debt obligations with its available cash. It is calculated by dividing cash by total debt. This ratio indicates the company's liquidity and its capacity to meet its debt obligations using its cash reserves. A higher cash to debt ratio suggests a stronger ability to cover debts with cash resources.
  • Blend Labs Inc Cash to Debt Ratio for the quarter ending March 31, 2023 was 0.21, a -72.82% change year over year.
  • Blend Labs Inc Cash to Debt Ratio for the quarter ending March 31, 2022 was 0.77.
NYSE: BLND

Blend Labs Inc

CEO Mr. Nima Ghamsari
IPO Date July 16, 2021
Location United States
Headquarters 415 Kearny Street, San Francisco, CA, United States, 94108
Employees 881
Sector Technology
Industry Software - application
Description

Blend Labs, Inc. engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in San Francisco, California.

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StockViz Staff

September 20, 2024

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