Ziff Davis Inc (ZD)
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 | 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 | — | — | — |
| Receivables | US$ in thousands | 337,703 | 291,485 | 285,909 | 277,764 | 304,739 | 232,297 | 243,300 | 263,659 | 316,342 | 268,349 | 249,005 | 242,420 | 325,619 | 192,800 | 188,383 | 204,783 | 261,928 | 203,869 | 174,142 | 176,741 |
| 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 |
| Quick ratio | 2.55 | 2.34 | 2.30 | 2.35 | 2.35 | 2.18 | 1.99 | 2.62 | 2.49 | 0.79 | 0.71 | 0.71 | 0.57 | 1.11 | 1.04 | 1.98 | 1.01 | 0.72 | 0.85 | 1.16 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($737,612K
+ $27,109K
+ $337,703K)
÷ $431,833K
= 2.55
The quick ratio of Ziff Davis Inc has shown relatively stable performance over the past eight quarters, ranging from 2.12 to 2.76. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.
Ziff Davis Inc's quick ratio has consistently remained above 2 for all quarters, indicating a strong liquidity position. This suggests that the company is well-positioned to meet its short-term financial obligations without having to rely heavily on selling inventory or other less liquid assets.
The slight fluctuations in the quick ratio over the quarters may reflect variations in the company's current assets and liabilities mix. Despite these fluctuations, the overall trend indicates that Ziff Davis Inc has maintained a healthy liquidity position, which is a positive sign for its financial health and ability to meet its short-term obligations.