ZoomInfo Technologies Inc (ZI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 451,000 | 864,300 | 832,000 | 545,700 | 439,500 |
| Total current liabilities | US$ in thousands | 652,100 | 638,400 | 572,700 | 507,600 | 320,800 |
| Current ratio | 0.69 | 1.35 | 1.45 | 1.08 | 1.37 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $451,000K ÷ $652,100K
= 0.69
Based on the provided data, the current ratio of ZoomInfo Technologies Inc has fluctuated over the years. The current ratio represents the company's ability to meet its short-term obligations with its current assets.
In December 31, 2020, the current ratio was 1.37, indicating that ZoomInfo had $1.37 in current assets for every $1 in current liabilities. This ratio decreased to 1.08 by December 31, 2021, suggesting a decrease in liquidity compared to the previous year.
However, the company's liquidity improved in the following years with a current ratio of 1.45 on December 31, 2022, and 1.35 on December 31, 2023. These ratios indicate a healthier position in terms of short-term liquidity.
On December 31, 2024, the current ratio dropped significantly to 0.69, which may raise concerns about the company's ability to cover its short-term obligations with its current assets.
Overall, while the current ratio of ZoomInfo Technologies Inc has shown fluctuations, it is essential for investors and stakeholders to monitor this ratio to assess the company's liquidity position and financial health. A current ratio above 1 generally indicates that the company can cover its short-term liabilities, but a declining trend could signal potential liquidity challenges that require further investigation.
Peer comparison
Dec 31, 2024