TechTarget, Inc. Common Stock (TTGT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 275,983 | 226,668 | 344,523 | 361,623 | 82,616 |
| Short-term investments | US$ in thousands | 77,705 | 99,601 | 20,210 | 20,076 | 84 |
| Total current liabilities | US$ in thousands | 535,257 | 36,990 | 57,888 | 70,000 | 46,418 |
| Cash ratio | 0.66 | 8.82 | 6.30 | 5.45 | 1.78 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($275,983K
+ $77,705K)
÷ $535,257K
= 0.66
The cash ratio of TechTarget, Inc. Common Stock has shown a positive trend over the years, increasing from 1.78 as of December 31, 2020, to 8.82 as of December 31, 2023. This indicates that the company's ability to cover its short-term liabilities with its available cash and cash equivalents has significantly improved.
The significant rise in the cash ratio highlights the company's strong liquidity position, suggesting that it has a substantial amount of cash on hand relative to its current liabilities. However, it is worth noting that the data is not available for December 31, 2024, which may warrant further investigation to understand the company's most recent liquidity position.
Overall, the increasing trend in the cash ratio reflects positively on TechTarget, Inc.'s ability to meet its short-term obligations and indicates a healthy financial position in terms of liquidity.
Peer comparison
Dec 31, 2024