Thryv Holdings Inc (THRY)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 295,726 | 322,927 | 654,191 |
| Total current liabilities | US$ in thousands | 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 | 226,027 | 246,706 | 248,735 |
| Current ratio | 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 | 1.31 | 1.31 | 2.63 |
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 displayed fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term liabilities with its current assets. A current ratio of 1 indicates that the company has just enough current assets to cover its current liabilities.
Looking at the trend, we observe a decline in the current ratio from Q2 2022 to Q4 2023, indicating a potential weakening in the company's short-term liquidity position. The ratio peaked in Q2 2023 at 1.30 and has since declined to 1.01 in Q4 2023, the lowest point in the period under consideration.
A current ratio below 1 may raise concerns about the company's ability to pay off its short-term obligations, as it implies that its current liabilities exceed its current assets. However, it is essential to interpret the current ratio in conjunction with other financial metrics to gain a complete understanding of the company's liquidity position and financial health.