Thryv Holdings Inc (THRY)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 18,216 | 14,676 | 15,245 | 15,395 | 16,031 | 14,312 | 13,746 | 21,446 | 11,262 | 10,374 | 15,785 | 29,841 | 2,406 | 1,771 | — | 1,203 | 1,912 | 2,184 | 5,988 | 313,437 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 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 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 1.26 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($18,216K
+ $—K
+ $—K)
÷ $263,190K
= 0.07
Throughout the quarters presented, Thryv Holdings Inc's quick ratio has demonstrated some fluctuations but generally remained above 1. This indicates that in most periods, the company has had sufficient liquid assets to cover its current liabilities without relying on inventory.
Q4 2023 saw a slight decline in the quick ratio to 1.01, which may raise some concerns about the company's short-term liquidity position compared to the previous quarter. However, it is still above the critical threshold of 1, suggesting that the company can meet its immediate obligations using its quick assets.
The highest quick ratio observed was in Q2 2022 at 1.36, indicating a strong liquidity position during that period. On the other hand, in Q1 2022, the quick ratio dropped to 1.25, showing a temporary decrease in the company's ability to cover its short-term liabilities with its liquid assets.
Overall, the trend in Thryv Holdings Inc's quick ratio suggests a generally healthy liquidity position, with some variability over the quarters. It is important for investors to monitor this ratio closely to assess the company's ability to meet its short-term obligations.