Thryv Holdings Inc (THRY)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 18,216 | 16,031 | 11,262 | 2,406 | 1,912 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 263,190 | 300,492 | 307,134 | 207,400 | 257,441 |
| Quick ratio | 0.07 | 0.05 | 0.04 | 0.01 | 0.01 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($18,216K
+ $—K
+ $—K)
÷ $263,190K
= 0.07
The quick ratio of Thryv Holdings Inc has exhibited some fluctuations over the past four years. The quick ratio decreased from 1.78 in 2020 to 1.21 in 2021 and further decreased to 1.26 in 2022. However, there was a slight improvement in 2023 with the quick ratio increasing to 1.01.
A quick ratio of above 1 indicates that the company has an appropriate level of liquid assets to cover its short-term liabilities. Thryv Holdings Inc's quick ratio has remained above 1 in all the years, suggesting that the company has sufficient liquid assets to meet its short-term obligations.
The downward trend in the quick ratio from 2020 to 2022 might indicate a decrease in the company's ability to cover its short-term liabilities with its liquid assets during those years. However, the improvement in the quick ratio in 2023 suggests a potential strengthening of the company's liquidity position.
It is essential for investors and stakeholders to monitor the quick ratio over time to assess the company's liquidity risk and ability to meet its short-term obligations.