Thryv Holdings Inc (THRY)
Quick ratio
| 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 | US$ in thousands | 16,311 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 196,260 | 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 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($16,311K
+ $—K
+ $—K)
÷ $196,260K
= 0.08
Thryv Holdings Inc's quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown some variability over the reported periods. The quick ratio was quite low at 0.00 as of March 31, 2020, indicating a potential liquidity concern as the company's current assets that can be quickly converted to cash were inadequate to cover its current liabilities.
There was a notable improvement in the quick ratio in subsequent periods, reaching 0.09 as of March 31, 2021, indicating a stronger ability to meet short-term obligations. However, the quick ratio dipped in the following periods, showing some instability in liquidity position. It ranged between 0.01 and 0.06 in the periods up to June 30, 2023.
Thryv Holdings Inc experienced a slight increase in the quick ratio towards the end of the reporting period. As of December 31, 2024, the quick ratio stood at 0.08, suggesting a moderate improvement in liquidity compared to the prior periods. Overall, it is important for investors and stakeholders to monitor the company's quick ratio closely to assess its liquidity position and ability to cover short-term obligations effectively.