TechTarget Inc (TTGT)

Current 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
Total current assets	US$ in thousands	371,473	358,423	391,407	411,841	430,837	449,857	460,369	452,005	438,111	159,310	153,402	136,034	127,763	91,769	82,811	71,283	87,431	81,096	74,478	68,265
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
Current ratio		10.04	9.27	9.84	8.69	7.44	7.53	6.54	6.91	6.26	2.52	2.93	2.91	2.75	5.04	4.28	4.64	5.33	5.46	4.85	4.66

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 generally positive trend over the past eight quarters, indicating a strong liquidity position. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, has consistently exceeded 6 in all quarters, reflecting a healthy financial position.

The current ratio reached its peak in Q4 2023 at 10.04, indicating a substantial increase in short-term liquidity compared to previous quarters. This improvement suggests that Techtarget Inc. has a significant buffer of current assets to cover its current liabilities, providing a strong financial cushion.

Overall, Techtarget Inc.'s current ratio trend demonstrates a robust liquidity position, with the company's ability to cover short-term obligations improving steadily over the past eight quarters. This suggests that the company is well-positioned to meet its short-term financial commitments and indicates a sound financial management strategy.