TechTarget Inc (TTGT)

Cash 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 and cash equivalents	US$ in thousands	226,668	212,106	238,000	307,089	344,523	364,269	374,144	375,133	361,623	99,383	109,038	93,841	82,616	57,408	50,390	40,279	52,487	52,140	44,405	38,851
Short-term investments	US$ in thousands	99,601	97,392	96,279	45,590	20,210	19,991	19,907	20,020	20,076	5,085	84	84	84	5,064	5,023	4,887	5,012	—	—	500
Total current liabilities	US$ in thousands	36,990	38,658	39,765	47,402	57,888	59,720	70,373	65,449	70,000	63,264	52,294	46,724	46,418	18,216	19,339	15,354	16,403	14,841	15,346	14,645
Cash ratio		8.82	8.01	8.41	7.44	6.30	6.43	5.60	6.04	5.45	1.65	2.09	2.01	1.78	3.43	2.87	2.94	3.51	3.51	2.89	2.69

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 generally increasing trend over the last eight quarters. As of Q4 2023, the cash ratio stands at 8.98, indicating that the company holds $8.98 in cash and cash equivalents for every $1 of its current liabilities.

This steady increase in the cash ratio reflects a strong liquidity position for Techtarget Inc., suggesting that the company has ample cash reserves to cover its short-term obligations. This ability to meet its current liabilities with cash on hand provides a sense of financial stability and flexibility for the company.

Overall, the upward trend in the cash ratio indicates that Techtarget Inc. has been effectively managing its cash resources and maintaining a healthy liquidity position, which is vital for weathering unforeseen financial challenges or seizing potential investment opportunities.