TechTarget, Inc. Common Stock (TTGT)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 275,983 | 226,668 | 344,523 | 361,623 | 82,616 |
| Short-term investments | US$ in thousands | 77,705 | 99,601 | 20,210 | 20,076 | 84 |
| Receivables | US$ in thousands | 79,039 | 39,239 | 60,359 | 51,095 | 40,183 |
| Total current liabilities | US$ in thousands | 535,257 | 36,990 | 57,888 | 70,000 | 46,418 |
| Quick ratio | 0.81 | 9.88 | 7.34 | 6.18 | 2.65 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($275,983K
+ $77,705K
+ $79,039K)
÷ $535,257K
= 0.81
The quick ratio of TechTarget, Inc. Common Stock has shown a consistent and strong upward trend over the years. It increased from 2.65 in December 31, 2020, to 6.18 in December 31, 2021, further improving to 7.34 in December 31, 2022, and then to 9.88 in December 31, 2023.
The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered healthy, indicating that the company has an adequate level of liquid assets to cover its short-term liabilities. In this case, TechTarget's quick ratio has consistently exceeded 1, and the significant increase over the years highlights the company's improved liquidity position and ability to cover its short-term obligations more comfortably.
However, it's important to note that the data for December 31, 2024 is not available (indicated by "—"), which may require further investigation or explanation if context is provided. Overall, the increasing trend in TechTarget's quick ratio signals positive liquidity management and financial strength.
Peer comparison
Dec 31, 2024