ZoomInfo Technologies Inc (ZI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 139,900 | 447,100 | 418,000 | 308,300 | 269,800 |
| Short-term investments | US$ in thousands | 0 | 82,200 | 127,700 | 18,400 | 30,600 |
| Receivables | US$ in thousands | 252,500 | 275,200 | 228,500 | 191,900 | 123,600 |
| Total current liabilities | US$ in thousands | 652,100 | 638,400 | 572,700 | 507,600 | 320,800 |
| Quick ratio | 0.60 | 1.26 | 1.35 | 1.02 | 1.32 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($139,900K
+ $0K
+ $252,500K)
÷ $652,100K
= 0.60
The quick ratio of ZoomInfo Technologies Inc has displayed some fluctuations over the years. In December 2020, the quick ratio stood at 1.32, indicating that the company had $1.32 of liquid assets available to cover each dollar of current liabilities. By December 2021, the quick ratio decreased to 1.02, implying a slight decrease in the company's ability to meet its short-term obligations with its most liquid assets.
However, the quick ratio improved in December 2022, reaching 1.35, suggesting that ZoomInfo Technologies Inc strengthened its liquidity position that year. In the following year, December 2023, the quick ratio dropped to 1.26, indicating a slight decline in liquidity compared to the previous year.
The most significant change occurred in December 2024, where the quick ratio decreased dramatically to 0.60. This sharp decline may raise concerns about the company's ability to cover its short-term liabilities with its liquid assets efficiently. Overall, while the quick ratio has shown fluctuations over the years, maintaining a ratio above 1 generally indicates that ZoomInfo Technologies Inc has had an adequate level of liquid assets to meet its short-term obligations.
Peer comparison
Dec 31, 2024