ZoomInfo Technologies Inc. (GTM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 451,000 | 864,300 | 832,000 | 545,700 | 454,200 |
| Total current liabilities | US$ in thousands | 652,100 | 638,400 | 572,700 | 507,600 | 320,800 |
| Current ratio | 0.69 | 1.35 | 1.45 | 1.08 | 1.42 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $451,000K ÷ $652,100K
= 0.69
The current ratio of ZoomInfo Technologies Inc. over the period from December 31, 2020, to December 31, 2024, demonstrates fluctuations that reflect transitioning liquidity positions. As of December 31, 2020, the current ratio stood at 1.42, indicating that the company's current assets were 1.42 times its current liabilities, suggesting a comfortable short-term liquidity position. By the end of 2021, the ratio decreased to 1.08, revealing a narrowing margin of safety with some reduction in liquidity cushion. However, the ratio recovered substantially by December 31, 2022, reaching 1.45, which signifies an improved ability to meet short-term obligations, surpassing the initial 2020 level.
In 2023, the ratio declined slightly to 1.35, implying a modest reduction in liquidity but still maintaining a generally adequate liquidity level. The most notable change occurred by December 31, 2024, when the current ratio fell sharply to 0.69. This indicates that current liabilities exceeded current assets, reflecting a potential liquidity concern, as the company's short-term obligations may not be fully covered by its liquid assets.
Overall, the trend illustrates periods of both liquidity strength and concern, with the recent decline suggesting a need for attention to the company's ability to meet its immediate liabilities.
Peer comparison
Dec 31, 2024