ZoomInfo Technologies Inc (ZI)

Current 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
Total current assets	US$ in thousands	864,300	855,100	944,700	905,100	832,000	663,200	578,800	617,200	545,700	408,700	530,000	485,500	439,500	421,400	372,700
Total current liabilities	US$ in thousands	638,400	573,100	607,900	617,000	572,700	518,000	535,800	515,900	507,600	407,900	385,500	348,200	320,800	247,500	237,700
Current ratio		1.35	1.49	1.55	1.47	1.45	1.28	1.08	1.20	1.08	1.00	1.37	1.39	1.37	1.70	1.57

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $864,300K ÷ $638,400K
= 1.35

The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally a positive sign.

ZoomInfo Technologies Inc. has demonstrated a fluctuating current ratio over the past eight quarters, ranging from a low of 1.08 in Q2 2022 to a high of 1.55 in Q2 2023. The current ratio has generally been above 1, signaling that the company has had sufficient current assets to meet its short-term obligations.

The current ratio saw an upward trend from Q4 2022 to Q3 2023, peaking at 1.55 in Q2 2023 before decreasing slightly to 1.49 in Q3 2023. This indicates an improvement in the company's short-term liquidity position during this period.

Although the current ratio has varied, it has consistently remained above 1, indicating that ZoomInfo Technologies Inc. has been able to meet its short-term obligations. It is important to consider other financial metrics and industry benchmarks in conjunction with the current ratio to gain a comprehensive understanding of the company's financial health.