Thryv Holdings Inc (THRY)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 18,216 | 18,216 | 16,031 | 11,262 | 2,406 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 263,190 | 263,190 | 300,492 | 307,134 | 207,400 |
| Quick ratio | 0.07 | 0.07 | 0.05 | 0.04 | 0.01 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($18,216K
+ $—K
+ $—K)
÷ $263,190K
= 0.07
The quick ratio, also known as the acid-test ratio, represents the financial strength of a company by measuring its ability to cover its short-term liabilities with its most liquid assets. Thryv Holdings Inc's quick ratio has shown a gradual improvement over the past five years.
As of December 31, 2024, the quick ratio stands at 0.07, indicating that the company has $0.07 in liquid assets available to cover each dollar of current liabilities. This is the same ratio as the previous year, suggesting stability or consistent management of liquidity.
Comparing the current ratio to previous years, we see a notable increase from 0.01 in December 31, 2020, to 0.07 in December 31, 2024. This improvement in liquidity position may indicate better management of current assets or a reduction in current liabilities over the years.
Although the quick ratio of 0.07 in 2024 is relatively low, indicating that Thryv Holdings Inc may have limited liquid assets compared to its current liabilities, the upward trend suggests a positive direction in terms of liquidity management. It is essential for the company to continue monitoring and improving its quick ratio to ensure it maintains adequate short-term liquidity to meet its obligations.