TechTarget, Inc. Common Stock (TTGT)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 78,656 | 275,983 | 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 |
| Short-term investments | US$ in thousands | — | 77,705 | 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 |
| Total current liabilities | US$ in thousands | 182,857 | 535,257 | 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 |
| Cash ratio | 0.43 | 0.66 | 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 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($78,656K
+ $—K)
÷ $182,857K
= 0.43
The cash ratio of TechTarget, Inc. Common Stock reflects a generally strong liquidity position over the analyzed period, with fluctuations that reveal insights into its short-term financial stability.
From June 30, 2020, to September 30, 2023, the cash ratio consistently remained above 1, indicating that the company held sufficient cash and cash equivalents to cover its current liabilities multiple times. Specifically, the ratio peaked at 8.82 on December 31, 2023, suggesting an exceptionally high level of liquidity relative to current liabilities at that point in time.
Throughout this period, the cash ratio exhibited some variability but maintained an overall upward trend, with notable increases in late 2021 and throughout 2022 and 2023. This pattern indicates that the company increased its cash reserves relative to its current obligations during these years, which could be viewed as a conservative approach to liquidity management or a response to strategic considerations.
However, a significant decline is observed starting in the first quarter of 2025, where the cash ratio sharply drops to 0.66 and further decreases to 0.43 by June 30, 2025. This decline suggests a substantial reduction in cash holdings relative to current liabilities, potentially indicating increased liquidity concerns, a shift in strategy, or substantial outflows of cash possibly linked to investments, acquisitions, or other financial activities.
Overall, prior to the decline in 2025, the company's cash ratio reflects a robust liquidity position, providing confidence in its short-term financial health. The sharp decrease thereafter, if sustained, warrants further analysis to assess the company's current liquidity risks and its capacity to meet short-term obligations without relying heavily on liquid assets.
Peer comparison
Jun 30, 2025