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 226,668 344,523 361,623 82,616
Short-term investments US$ in thousands 99,601 20,210 20,076 84
Receivables US$ in thousands 39,239 60,359 51,095 40,183
Total current liabilities US$ in thousands 36,990 57,888 70,000 46,418
Quick ratio 9.88 7.34 6.18 2.65

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K + $—K + $—K) ÷ $—K
= —

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

Company name
Symbol
Quick ratio
TechTarget, Inc. Common Stock
TTGT
Ziff Davis Inc
ZD
1.30