Ziff Davis Inc (ZD)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,272,070 | 951,017 | 1,231,150 | 1,293,100 | 1,190,990 | 1,063,660 | 1,074,860 | 1,106,580 | 1,084,270 | 975,304 | 1,025,080 | 1,192,930 | 1,300,670 | 888,273 | 661,978 | 675,503 | 622,843 | 807,324 | 853,145 | 782,095 |
| Total current liabilities | US$ in thousands | 899,647 | 667,394 | 643,805 | 663,334 | 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 |
| Current ratio | 1.41 | 1.42 | 1.91 | 1.95 | 2.76 | 2.54 | 2.47 | 2.51 | 2.51 | 2.34 | 2.12 | 2.76 | 2.62 | 0.86 | 0.78 | 0.78 | 0.71 | 1.05 | 1.10 | 2.12 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,272,070K ÷ $899,647K
= 1.41
The current ratio of Ziff Davis Inc has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at a strong level of 2.12 on March 31, 2020, indicating that the company had more than twice the current assets to cover its current liabilities. However, it dropped significantly to 0.71 by the end of December 31, 2020, suggesting potential liquidity concerns.
The trend continued to be worrisome as the current ratio remained below 1, signaling that the company may face difficulties in meeting its short-term obligations from June 30, 2020, to September 30, 2021. There was a notable improvement from December 31, 2021, onwards, with the ratio surpassing 2 on multiple occasions, indicating a healthier position in terms of current assets to current liabilities.
The current ratio peaked at 2.76 on March 31, 2022, and December 31, 2023, reflecting a strong liquidity position during those periods. Subsequently, the ratio fluctuated, reaching its lowest point of 1.41 on December 31, 2024.
Overall, while there have been fluctuations in the current ratio of Ziff Davis Inc over the analyzed period, the company has generally shown an ability to cover its short-term obligations with its current assets, with some periods of both strength and potential liquidity challenges. Continued monitoring of the current ratio will be crucial to assess the company's ongoing liquidity position.