Thryv Holdings Inc (THRY)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 12,453 | 20,998 | 16,409 | 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 | 1,589 | 1,203 | 1,912 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 221,948 | 228,104 | 239,699 | 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 |
| Cash ratio | 0.06 | 0.09 | 0.07 | 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 | 0.01 | 0.00 | 0.01 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($12,453K
+ $—K)
÷ $221,948K
= 0.06
The cash ratio of Thryv Holdings Inc has fluctuated over the past few years, ranging from 0.00 to 0.09. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Based on the historical data provided, the cash ratio for the most recent quarter, ending September 30, 2024, was 0.06. This indicates that for every dollar of current liabilities, the company had $0.06 in cash or cash equivalents available.
The trend in the cash ratio shows some variability but generally fluctuates around the 0.05 to 0.07 range, with occasional spikes or dips. It is essential to monitor the cash ratio over time to ensure the company maintains a healthy balance between cash on hand and short-term liabilities.
In conclusion, the cash ratio of Thryv Holdings Inc reflects its liquidity position and ability to meet short-term obligations with its available cash reserves.