Ziff Davis Inc (ZD)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 505,880 | 737,612 | 652,793 | 694,842 | 176,442 |
| Short-term investments | US$ in thousands | 0 | 27,109 | 58,421 | 229,200 | 663 |
| Receivables | US$ in thousands | 660,223 | 337,703 | 304,739 | 316,342 | 325,619 |
| Total current liabilities | US$ in thousands | 899,647 | 431,833 | 432,448 | 497,238 | 882,555 |
| Quick ratio | 1.30 | 2.55 | 2.35 | 2.49 | 0.57 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($505,880K
+ $0K
+ $660,223K)
÷ $899,647K
= 1.30
The quick ratio of Ziff Davis Inc has exhibited significant fluctuations over the years. Starting at a low of 0.57 on December 31, 2020, the ratio experienced a substantial improvement to reach 2.49 on December 31, 2021. This trend continued in the following years, with the quick ratio remaining favorable at 2.35 on December 31, 2022 and further increasing to 2.55 on December 31, 2023. However, there was a decline in the quick ratio to 1.30 on December 31, 2024, indicating a potential decrease in the company's ability to meet its short-term obligations using its quick assets. It is crucial for Ziff Davis Inc to closely monitor its liquidity position and manage its current assets efficiently to ensure it can meet its short-term financial obligations effectively.