Thryv Holdings Inc (THRY)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 12,453 | 20,998 | 16,409 | 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 | 1,589 | 1,203 | 1,912 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 221,948 | 228,104 | 239,699 | 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 |
| Quick ratio | 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 | 0.01 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($12,453K
+ $—K
+ $—K)
÷ $221,948K
= 0.06
The quick ratio of Thryv Holdings Inc has exhibited fluctuations over the past several quarters. The quick ratio, which measures the company's ability to meet short-term obligations with its most liquid assets, such as cash and accounts receivable, has generally been low, ranging from 0.00 to 0.09.
In recent periods, the quick ratio has mostly been below 0.1, indicating that Thryv Holdings Inc may face challenges in meeting its short-term financial obligations with its readily available assets. A quick ratio below 1.0 suggests that the company may have difficulty covering its current liabilities if they come due immediately.
It is important to closely monitor the trend of the quick ratio over time to assess the company's liquidity position and its ability to manage short-term financial obligations effectively. An improvement in the quick ratio towards 1.0 or higher would demonstrate a stronger liquidity position for Thryv Holdings Inc.