Thryv Holdings Inc (THRY)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 0.08 | 0.06 | 0.09 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.03 | 0.05 | 0.09 | 0.01 | 0.01 | 0.01 | 0.00 |
| Cash ratio | 0.08 | 0.06 | 0.09 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.03 | 0.05 | 0.09 | 0.01 | 0.01 | 0.01 | 0.00 |
Thryv Holdings Inc's liquidity ratios provide insight into the company's ability to meet its short-term obligations.
1. Current Ratio: Thryv Holdings Inc's current ratio has shown fluctuations over the years, ranging from a high of 1.83 in March 2020 to a low of 1.01 in December 2023. The current ratio indicates the company's ability to cover its current liabilities with its current assets. Overall, the current ratio has generally been above 1, suggesting that the company has been able to meet its short-term obligations.
2. Quick Ratio: The quick ratio, also known as the acid-test ratio, measures the company's ability to pay off current liabilities without relying on the sale of inventory. Thryv Holdings Inc's quick ratio has shown improvements over time, increasing from 0.00 in March 2020 to 0.08 in December 2024. The rising trend indicates an enhancement in the company's ability to cover its short-term liabilities with its most liquid assets.
3. Cash Ratio: The cash ratio assesses the company's ability to pay off current liabilities using only its cash and cash equivalents. Thryv Holdings Inc's cash ratio has followed a similar trend to the quick ratio, showing an increase from 0.00 in March 2020 to 0.08 in December 2024. This demonstrates that the company has enhanced its cash position relative to its short-term obligations over the years.
In summary, Thryv Holdings Inc's liquidity ratios, including the current ratio, quick ratio, and cash ratio, have generally shown positive trends, indicating an improvement in the company's ability to meet its short-term financial obligations and manage liquidity effectively.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 37.17 | 38.12 | 27.61 | 35.92 | 21.70 | 24.87 | 28.63 | 37.43 | 20.05 | 29.99 | 34.40 | 34.49 | 24.79 | 28.06 | 0.00 | 27.43 |
Thryv Holdings Inc's cash conversion cycle, a measure of how long it takes for a company to convert its investments in inventory and other resources into cash flows from sales, has shown fluctuating trends over the periods under review.
The company's cash conversion cycle ranged from a low of 0.00 days to a high of 38.12 days during the analyzed period. A lower cash conversion cycle indicates that the company is able to efficiently manage its working capital and turn its investments into cash more quickly.
Although there were periods where the cash conversion cycle reached 0.00 days, suggesting an immediate conversion of investments into cash, this could also indicate that the company faced challenges in managing its working capital efficiently or that there were anomalies in the data reported.
On the other hand, higher values, such as the peaks observed around 38.12 days, signify that the company may be taking longer to convert its investments into cash, potentially signaling issues with inventory management, sales collection, or payment of suppliers.
It is important for Thryv Holdings Inc to continuously monitor and manage its cash conversion cycle to ensure optimal working capital management, efficient operations, and healthy cash flows. Periods of extended cash conversion cycles should be investigated to identify underlying issues and implement corrective actions to improve the company's liquidity and financial performance.