Ziff Davis Inc (ZD)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,190,990 | 1,084,270 | 1,300,670 | 622,843 | 886,890 |
| Total current liabilities | US$ in thousands | 431,833 | 432,448 | 497,238 | 882,555 | 833,104 |
| Current ratio | 2.76 | 2.51 | 2.62 | 0.71 | 1.06 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,190,990K ÷ $431,833K
= 2.76
The current ratio of Ziff Davis Inc has shown fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 2.76, indicating that the company's current assets are 2.76 times its current liabilities. This represents a positive trend compared to the previous year, where the current ratio was 2.51.
In 2021, the current ratio was 2.62, which also demonstrated a strong liquidity position for the company. However, there was a significant drop in the ratio in 2020, declining to 0.71, which could be a cause for concern as the company may have had difficulties meeting its short-term obligations at that time. The year 2019 saw an improvement from 2020 but still had a current ratio of 1.06, indicating a lower liquidity position compared to the recent years.
Overall, the current ratio trend for Ziff Davis Inc has been positive in the last two years, reflecting improved liquidity and the company's ability to cover its short-term liabilities with current assets. It is essential for investors and stakeholders to monitor this ratio to assess the company's short-term financial health and ability to meet its obligations.