Thryv Holdings Inc (THRY)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 266,868 | 378,316 | 370,645 | 369,698 | 478,569 |
| Total current liabilities | US$ in thousands | 263,190 | 300,492 | 307,134 | 207,400 | 257,441 |
| Current ratio | 1.01 | 1.26 | 1.21 | 1.78 | 1.86 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $266,868K ÷ $263,190K
= 1.01
Thryv Holdings Inc's current ratio has fluctuated over the past four years. The current ratio measures the company's ability to pay its short-term obligations with its current assets. In 2023, the current ratio decreased to 1.01 from 1.26 in 2022, indicating a decrease in liquidity and a potential inability to meet short-term obligations comfortably. This decline may raise concerns about the company's ability to cover its short-term liabilities. However, it is important to note that a current ratio above 1.0 generally indicates the company has enough current assets to cover its current liabilities. Comparing this to previous years, the current ratio has shown variability, with the highest ratio of 1.78 in 2020. Further analysis may be warranted to understand the underlying reasons for these fluctuations and assess the company's overall financial health.