TechTarget, Inc. Common Stock (TTGT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 174,502 | 455,617 | 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 |
| 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 |
| Current ratio | 0.95 | 0.85 | 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 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $174,502K ÷ $182,857K
= 0.95
The current ratio of TechTarget, Inc. exhibits notable fluctuation over the observed periods. From June 30, 2020, through March 31, 2023, the company maintained a consistently strong liquidity position, with current ratios ranging from a low of 2.75 to a high of 9.84. This indicates that at these times, the company generally had between approximately 2.75 to nearly 10 times more current assets than current liabilities, reflecting adequate short-term liquidity and a conservative approach to managing its current liabilities.
Significant growth in the current ratio is apparent starting in late 2021, with the ratio escalating sharply from 6.26 at December 31, 2021, to peaks exceeding 9.0 in subsequent periods, reaching as high as 10.49 on September 30, 2024. Such elevated ratios suggest that the company had accumulated substantial current assets relative to current liabilities, implying a strong liquidity buffer.
However, a drastic decline is observed in the most recent quarter, with the ratio dropping to 0.85 as of March 31, 2025. This substantial decrease indicates that current assets have fallen below current liabilities, signaling potential liquidity concerns or a significant change in working capital management. The ratio remains low in the subsequent quarter at 0.95, which further underscores the apparent liquidity challenge facing the company during this period.
Overall, the historical trend reflects periods of robust liquidity, but the recent quarters reveal a dramatic deterioration, potentially raising concerns about the company's short-term financial health and operational liquidity management at this juncture.
Peer comparison
Jun 30, 2025