TechTarget, Inc. Common Stock (TTGT)
Cash 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 and cash equivalents | US$ in thousands | 278,519 | 237,405 | 230,436 | 226,668 | 212,106 | 238,022 | 307,089 | 344,523 | 364 | 374,144 | 375,133 | 361,623 | 99,383 | 109,038 | 93,841 | 82,616 | 57,408 | 50,390 | 40,279 | 52,487 |
| Short-term investments | US$ in thousands | 77,310 | 101,980 | 100,749 | 99,601 | 97,392 | 96,279 | 45,590 | 20,210 | 20 | 19,907 | 20,020 | 20,076 | 5,085 | 84 | 84 | 84 | 5,064 | 5,023 | 4,887 | 5,012 |
| Total current liabilities | US$ in thousands | 38,677 | 41,570 | 43,552 | 36,990 | 38,658 | 39,765 | 47,402 | 57,888 | 60 | 70,373 | 65,449 | 70,000 | 63,264 | 52,294 | 46,724 | 46,418 | 18,216 | 19,339 | 15,354 | 16,403 |
| Cash ratio | 9.20 | 8.16 | 7.60 | 8.82 | 8.01 | 8.41 | 7.44 | 6.30 | 6.40 | 5.60 | 6.04 | 5.45 | 1.65 | 2.09 | 2.01 | 1.78 | 3.43 | 2.87 | 2.94 | 3.51 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($278,519K
+ $77,310K)
÷ $38,677K
= 9.20
The cash ratio of TechTarget, Inc. Common Stock has displayed fluctuations over the period from December 31, 2019, to September 30, 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio started relatively high at 3.51 on December 31, 2019, indicating a strong ability to cover short-term obligations. It decreased gradually to 1.78 by December 31, 2020, suggesting a potential liquidity strain. However, the ratio improved in the following periods, reaching a peak of 9.20 by September 30, 2024.
The increasing trend from December 31, 2020, to September 30, 2024, indicates an enhanced ability to meet short-term obligations with available cash resources. A higher cash ratio is generally preferred as it signifies a healthier liquidity position and a lower risk of default on short-term liabilities.
Overall, the upward trend in the cash ratio of TechTarget, Inc. Common Stock suggests an improvement in the company's liquidity position and its ability to weather short-term financial challenges. It indicates that the company has been managing its cash resources effectively, thus enhancing its financial stability.
Peer comparison
Sep 30, 2024