TechTarget Inc (TTGT)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	371,473	430,837	438,111	127,763	87,431
Total current liabilities	US$ in thousands	36,990	57,888	70,000	46,418	16,403
Current ratio		10.04	7.44	6.26	2.75	5.33

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $371,473K ÷ $36,990K
= 10.04

Techtarget Inc.'s current ratio has shown a consistent upward trend over the past five years, indicating an improvement in the company's short-term liquidity position. The current ratio increased from 5.33 in 2019 to 10.04 in 2023, reflecting a substantial strengthening of the company's ability to cover its current liabilities with its current assets.

A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position. Techtarget Inc.'s current ratio has surpassed 1 in all years provided, signaling a healthy financial position in terms of short-term solvency.

The significant increase in the current ratio from 2019 to 2023 implies that Techtarget Inc. has become more efficient in managing its current assets and liabilities, potentially minimizing the risk of liquidity issues. The trend suggests that the company has been able to consistently meet its short-term obligations and may have excess current assets available for investment or growth opportunities.

Overall, the consistently high current ratio of Techtarget Inc. indicates a robust financial position in terms of liquidity, providing a solid foundation for further operational and strategic developments.