ZoomInfo Technologies Inc (ZI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 864,300 | 832,000 | 545,700 | 439,500 |
| Total current liabilities | US$ in thousands | 638,400 | 572,700 | 507,600 | 320,800 |
| Current ratio | 1.35 | 1.45 | 1.08 | 1.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $864,300K ÷ $638,400K
= 1.35
The current ratio for ZoomInfo Technologies Inc. has shown fluctuating trends over the past five years. As of December 31, 2023, the current ratio stands at 1.35, indicating that the company has $1.35 in current assets for every $1 in current liabilities. Comparing this to the previous years, we see that the current ratio was highest in 2022 at 1.45 and lowest in 2019 at 0.61.
The current ratio is a measure of a company's short-term liquidity and its ability to meet its short-term obligations. A current ratio above 1 implies that a company has more current assets than current liabilities, suggesting that it is well-positioned to cover its short-term debts. However, a decreasing trend in the current ratio over time may raise concerns about the company's liquidity and ability to maintain financial health.
It is important for investors and stakeholders to closely monitor changes in the current ratio to assess ZoomInfo's ability to manage its short-term financial obligations and make informed decisions regarding its financial stability and performance.
Peer comparison
Dec 31, 2023