Thryv Holdings Inc (THRY)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 266,868 | 266,868 | 378,316 | 370,645 | 369,698 |
| Total current liabilities | US$ in thousands | 263,190 | 263,190 | 300,492 | 307,134 | 207,400 |
| Current ratio | 1.01 | 1.01 | 1.26 | 1.21 | 1.78 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $266,868K ÷ $263,190K
= 1.01
The current ratio of Thryv Holdings Inc has fluctuated over the past five years. In 2020, the company had a relatively high current ratio of 1.78, indicating strong short-term liquidity. However, this ratio declined in the following years, reaching a low of 1.01 in both 2023 and 2024. A current ratio of 1.01 suggests the company may have limited working capital to cover its current liabilities.
It is important to note that a current ratio of 1 or slightly above may be a cause for concern as it indicates a company may have difficulty meeting its short-term obligations. Thryv Holdings Inc should closely monitor its liquidity position and take proactive measures to improve its current ratio in order to ensure financial stability and solvency in the future.