TechTarget, Inc. Common Stock (TTGT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 405,855 | 388,693 | 374,449 | 371,473 | 358,423 | 391,407 | 411,841 | 430,837 | 450 | 460,369 | 452,005 | 438,111 | 159,310 | 153,402 | 136,034 | 127,763 | 91,769 | 82,811 | 71,283 | 87,431 |
| 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 |
| Current ratio | 10.49 | 9.35 | 8.60 | 10.04 | 9.27 | 9.84 | 8.69 | 7.44 | 7.50 | 6.54 | 6.91 | 6.26 | 2.52 | 2.93 | 2.91 | 2.75 | 5.04 | 4.28 | 4.64 | 5.33 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $405,855K ÷ $38,677K
= 10.49
TechTarget, Inc. Common Stock has shown fluctuations in its current ratio over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, was relatively high at the end of 2019 and remained above 4 in the subsequent quarters of 2020.
However, there was a notable decline in the current ratio by the end of 2020, dropping to 2.75, which could indicate potential liquidity challenges or decreased ability to meet short-term obligations. This trend continued into early 2021, with the current ratio staying below 3.
From mid-2021 onwards, the current ratio began to improve steadily, reaching its peak of 10.49 by the end of September 2024. This significant increase suggests a substantial improvement in the company's liquidity position and its ability to cover short-term obligations with its current assets.
Overall, the current ratio of TechTarget, Inc. Common Stock has exhibited both strengths and weaknesses over the period analyzed, with the company showing a notable recovery in liquidity in the more recent quarters.
Peer comparison
Sep 30, 2024