Thryv Holdings Inc (THRY)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 18,216 | 18,216 | 16,031 | 11,262 | 2,406 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 263,190 | 263,190 | 300,492 | 307,134 | 207,400 |
| Cash ratio | 0.07 | 0.07 | 0.05 | 0.04 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($18,216K
+ $—K)
÷ $263,190K
= 0.07
The cash ratio of Thryv Holdings Inc has shown an improving trend over the past five years, increasing from 0.01 in 2020 to 0.07 in both 2023 and 2024. This indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents has strengthened.
A cash ratio of 0.07 means that for every dollar of current liabilities the company has, it holds $0.07 in cash and cash equivalents. This implies an increase in the company's liquidity and solvency position as compared to the previous years.
The upward trend in the cash ratio suggests that the company has been effectively managing its liquidity and maintaining a healthy level of cash reserves relative to its short-term obligations. This could be attributed to improved cash management practices, effective working capital management, or potentially reducing short-term debt levels.
Overall, the increasing cash ratio reflects positively on Thryv Holdings Inc's financial stability and ability to meet its short-term obligations using its available cash resources.