Thryv Holdings Inc (THRY)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 18,216 | 16,031 | 11,262 | 2,406 | 1,912 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 263,190 | 300,492 | 307,134 | 207,400 | 257,441 |
| Cash ratio | 0.07 | 0.05 | 0.04 | 0.01 | 0.01 |
December 31, 2023 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 a decreasing trend over the past four years. The cash ratio decreased from 0.31 in 2020 to 0.22 in 2023. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has decreased over the years. A cash ratio of 0.22 in 2023 means that for every dollar of current liabilities, the company has $0.22 in cash and cash equivalents available. Although a decreasing trend in the cash ratio is generally seen as unfavorable, it is essential to consider other liquidity ratios and overall financial health of the company for a more comprehensive analysis.