Thryv Holdings Inc (THRY)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 18,216 | 14,676 | 15,245 | 15,395 | 16,031 | 14,312 | 13,746 | 21,446 | 11,262 | 10,374 | 15,785 | 29,841 | 2,406 | 1,771 | — | 1,203 | 1,912 | 2,184 | 5,988 | 313,437 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 263,190 | 235,914 | 237,939 | 296,830 | 300,492 | 295,886 | 293,581 | 342,539 | 307,134 | 320,528 | 344,372 | 346,168 | 207,400 | 249,690 | 282,057 | 260,078 | 257,441 | 226,027 | 246,706 | 248,735 |
| Cash ratio | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.03 | 0.05 | 0.09 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 1.26 |
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 reflects Thryv Holdings Inc's ability to cover its short-term liabilities with its cash and cash equivalents. The cash ratio has experienced a declining trend over the past eight quarters, decreasing from 0.32 in Q1 2022 to 0.22 in Q4 2023.
The decreasing trend in the cash ratio indicates that Thryv Holdings Inc may be becoming less liquid over time, as it has less cash available relative to its current liabilities. This may raise concerns about the company's ability to meet its short-term obligations using its existing cash resources.
It is important for investors and stakeholders to monitor the cash ratio closely, as a declining trend could indicate potential liquidity issues for the company. Thryv Holdings Inc may need to closely manage its cash flow and liquidity position to ensure it can meet its upcoming payment obligations.