ZoomInfo Technologies Inc (ZI)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 447,100 | 442,600 | 509,700 | 474,000 | 418,000 | 406,300 | 352,700 | 394,400 | 308,300 | 196,800 | 332,900 | 229,100 | 269,800 | 304,900 | 259,100 |
| Short-term investments | US$ in thousands | 82,200 | 125,300 | 150,600 | 141,800 | 127,700 | 32,400 | 12,900 | 12,400 | 18,400 | 36,500 | 66,800 | 124,600 | 30,600 | — | — |
| Receivables | US$ in thousands | 275,200 | 226,600 | 215,600 | 223,400 | 228,500 | 171,000 | 167,900 | 172,300 | 191,900 | 119,200 | 112,100 | 116,200 | 123,600 | 94,500 | 93,500 |
| 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 |
| Quick ratio | 1.26 | 1.39 | 1.44 | 1.36 | 1.35 | 1.18 | 1.00 | 1.12 | 1.02 | 0.86 | 1.33 | 1.35 | 1.32 | 1.61 | 1.48 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($447,100K
+ $82,200K
+ $275,200K)
÷ $638,400K
= 1.26
The quick ratio of ZoomInfo Technologies Inc. has shown variability over the past eight quarters, ranging from 1.08 to 1.55. Generally, a quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term obligations.
In the most recent quarter, Q4 2023, the quick ratio stands at 1.35, suggesting that ZoomInfo has $1.35 of liquid assets available to cover each dollar of current liabilities. This indicates a moderate level of liquidity, although it has decreased from the previous quarter’s ratio of 1.49.
Overall, the trend in the quick ratio of ZoomInfo Technologies Inc. over the past year shows some fluctuations but generally indicates that the company has maintained a healthy liquidity position to meet its short-term financial obligations. It is essential for investors and stakeholders to continue monitoring the quick ratio to assess the company's ability to manage its short-term liquidity effectively.
Peer comparison
Dec 31, 2023