TechTarget Inc (TTGT)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	226,668	344,523	361,623	82,616	52,487
Short-term investments	US$ in thousands	99,601	20,210	20,076	84	5,012
Total current liabilities	US$ in thousands	36,990	57,888	70,000	46,418	16,403
Cash ratio		8.82	6.30	5.45	1.78	3.51

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($226,668K + $99,601K) ÷ $36,990K
= 8.82

The cash ratio of Techtarget Inc. has shown a consistent upward trend over the past five years, indicating a strengthening liquidity position. The ratio has increased from 3.68 in 2019 to 8.98 in 2023. This suggests that the company has a higher proportion of cash and cash equivalents relative to its current liabilities, which is a positive sign of financial health and ability to meet short-term obligations. The significant improvement in the cash ratio reflects enhanced liquidity management and a better cash position for Techtarget Inc. over the years.