Thryv Holdings Inc (THRY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 478,569 |
| 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 |
| Current ratio | 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 | 1.86 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $230,938K ÷ $221,948K
= 1.04
Thryv Holdings Inc's current ratio has fluctuated over the past five years, ranging from a low of 1.01 to a high of 1.86. 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.
From December 2019 to June 2022, Thryv Holdings Inc's current ratio remained relatively stable, hovering between 1.69 to 1.86, indicating a strong ability to cover its short-term liabilities. However, there was a slight decline in the current ratio from June 2022 to December 2023, reaching a low of 1.01 in December 2023, which may have raised concerns about the company's short-term liquidity position.
Subsequently, there was an improvement in the current ratio from December 2023 to September 2024, reaching a current ratio of 1.04 in September 2024. While the current ratio has recovered slightly, it is still below the levels seen in the previous years. Investors and analysts may want to monitor Thryv Holdings Inc's current ratio over the coming quarters to assess the company's ability to meet its short-term obligations effectively.