TechTarget Inc (TTGT)

Quick 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
Cash	US$ in thousands	226,668	212,106	238,000	307,089	344,523	364,269	374,144	375,133	361,623	99,383	109,038	93,841	82,616	57,408	50,390	40,279	52,487	52,140	44,405	38,851
Short-term investments	US$ in thousands	99,601	97,392	96,279	45,590	20,210	19,991	19,907	20,020	20,076	5,085	84	84	84	5,064	5,023	4,887	5,012	—	—	500
Receivables	US$ in thousands	39,239	43,342	50,988	51,375	60,359	60,720	60,176	51,009	51,095	45,528	39,718	37,589	40,183	24,380	25,568	23,554	27,102	24,643	27,075	25,250
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
Quick ratio		9.88	9.13	9.69	8.52	7.34	7.45	6.45	6.82	6.18	2.37	2.85	2.81	2.65	4.77	4.19	4.48	5.16	5.17	4.66	4.41

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($226,668K + $99,601K + $39,239K) ÷ $36,990K
= 9.88

The quick ratio of Techtarget Inc. has shown a consistent upward trend over the past eight quarters, indicating the company's improving liquidity position and ability to meet its short-term obligations using its most liquid assets.

As of Q4 2023, the quick ratio stands at 10.04, the highest value in the provided dataset. This suggests that Techtarget Inc. holds $10.04 in liquid assets for every $1 of its current liabilities, reflecting a strong liquidity position in the most recent period.

The increasing trend in the quick ratio from 6.91 in Q1 2022 to 10.04 in Q4 2023 indicates a significant improvement in the company's ability to cover its short-term debts with its readily available assets. This suggests that Techtarget Inc. has been effectively managing its cash, marketable securities, and accounts receivables relative to its current liabilities.

Overall, the consistent upward trend in the quick ratio indicates a positive liquidity position for Techtarget Inc. and suggests that the company is better equipped to handle its short-term financial obligations.