Ziff Davis Inc (ZD)
Cash 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 and cash equivalents | US$ in thousands | 737,612 | 660,624 | 679,090 | 721,502 | 652,793 | 621,917 | 648,290 | 629,030 | 694,842 | 546,467 | 347,857 | 371,971 | 176,442 | 567,930 | 616,820 | 526,554 | 575,615 | 92,185 | 155,476 | 226,612 |
| Short-term investments | US$ in thousands | 27,109 | 29,797 | 35,816 | 39,012 | 58,421 | 54,900 | 72,535 | 238,151 | 229,200 | 0 | 0 | 663 | 663 | 96,575 | — | — | 0 | — | — | — |
| Total current liabilities | US$ in thousands | 431,833 | 419,498 | 436,043 | 441,179 | 432,448 | 416,455 | 484,047 | 432,191 | 497,238 | 1,028,400 | 845,019 | 867,534 | 882,555 | 768,913 | 772,181 | 368,681 | 833,104 | 410,053 | 387,713 | 348,523 |
| Cash ratio | 1.77 | 1.65 | 1.64 | 1.72 | 1.64 | 1.63 | 1.49 | 2.01 | 1.86 | 0.53 | 0.41 | 0.43 | 0.20 | 0.86 | 0.80 | 1.43 | 0.69 | 0.22 | 0.40 | 0.65 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($737,612K
+ $27,109K)
÷ $431,833K
= 1.77
The cash ratio of Ziff Davis Inc has been relatively stable over the past eight quarters, ranging from a low of 1.62 in Q2 2022 to a high of 2.15 in Q1 2022. This indicates that the company has a strong ability to cover its short-term liabilities with its available cash and cash equivalents. The upward trend in the cash ratio from Q2 2022 to Q1 2023 suggests an improvement in liquidity management. However, the slight decline in the most recent quarter (Q4 2023) warrants further monitoring to ensure the company maintains adequate liquidity levels to meet its financial obligations.