Thryv Holdings Inc (THRY)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 210,720 | 230,938 | 247,824 | 259,911 | 266,868 | 274,572 | 309,399 | 388,631 | 378,316 | 387,093 | 399,906 | 428,915 | 370,645 | 391,251 | 400,107 | 463,640 | 369,698 | 424,248 | 477,441 | 476,426 |
| Total current liabilities | US$ in thousands | 196,260 | 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 |
| Current ratio | 1.07 | 1.04 | 1.09 | 1.08 | 1.01 | 1.16 | 1.30 | 1.31 | 1.26 | 1.31 | 1.36 | 1.25 | 1.21 | 1.22 | 1.16 | 1.34 | 1.78 | 1.70 | 1.69 | 1.83 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $210,720K ÷ $196,260K
= 1.07
Thryv Holdings Inc's current ratio has fluctuated over the past few years, ranging from a high of 1.83 in March 2020 to a low of 1.01 in December 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
The current ratio showed a decreasing trend from March 2021 to June 2022, which may indicate potential liquidity challenges or a shift in the company's financial structure during that period. However, there was a slight improvement in the current ratio from September 2022 to June 2023.
Overall, Thryv Holdings Inc's current ratio has remained relatively stable above 1, reflecting a generally healthy liquidity position. It is important for the company to monitor and manage its current assets and liabilities effectively to ensure it can meet its short-term financial obligations.