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Computer processing and cloud services Industry Financial Strength Information

Financial Strength Information & Trends  
 


Industry:   Category:   Period:  

Computer processing and cloud services Industry 2 Q 1 Q 4 Q 3 Q 2 Q
  2022 2022 2021 2021 2021
Quick Ratio (TTM) 0.6 0.61 0.53 0.55 0.53
Quick Ratio Ranking # 29 # 34 # 40 # 45 # 48
Working Capital Ratio (TTM) 1.43 1.42 1.43 1.35 1.31
Working Capital Ratio Ranking # 49 # 52 # 60 # 64 # 64
Working Capital Per Revenue 0.21 0.21 0.3 0.19 0.16
Working Capital Per Revenue Ranking # 75 # 71 # 70 # 60 # 57
Leverage Ratio (TTM) 1.53 1.57 1.6 1.66 1.7
Leverage Ratio Ranking # 32 # 35 # 36 # 37 # 39
Total Debt to Equity (TTM) 0.05 0.05 0.05 0.06 0.06
Total Debt to Equity Ranking # 51 # 55 # 50 # 64 # 62
Interest Coverage (TTM) 4.56 5.39 4.76 8.17 7.67
Interest Coverage Ranking # 91 # 88 # 91 # 64 # 61
Debt Coverage (TTM) 2.64 2.86 2.41 2.66 2.58
Debt Coverage Ranking # 84 # 83 # 73 # 81 # 78


Quick Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 2 Q 2022, Quick Ratio fell to 0.6 below Computer processing and cloud services Industry average.



Within Technology sector 5 other industries have achieved higher Quick Ratio. Quick Ratio total ranking fell in contrast to the previous quarter from to 29.

Note, second quarter Numbers include only companies who have reported second quarter earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 2 Q 2022
High Average Low
1.82 0.8 0.49
1. quarter 2016   2. quarter 2020

Quick Ratio Industry Ranking
Within: No.
Sector # 6
Overall # 29


Other Quick Ratios
Compare Industry's quick ratio to Axim's or S&P Constituent list of Computer processing and cloud services Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for AXIM's Competitors Definiton of Quick Ratio


Computer processing and cloud services Industry Working Capital Ratio Statistics as of 2 Q 2022
 



Working Capital Ratio Statistics as of 2 Q 2022
High Average Low
1.88 1.56 1.3
1. quarter 2015   2. quarter 2020



Working Capital Ratio Comment
On the trailing twelve months basis Current Liabilities decreased faster than Industry's Current Assets, this led to improvement in Industry's Working Capital Ratio to 1.43 in the 2 Q 2022, Working Capital Ratio remained below Computer processing and cloud services Industry average.



Within Technology sector 8 other industries have achieved higher Working Capital Ratio. Working Capital Ratio total ranking has deteriorated relative to the previous quarter from to 49.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 9
Overall # 49

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Axim's or S&P Constituent list of Computer processing and cloud services Industry
Working Capital ratios for AXIM's Competitors Definiton of Working Capital Ratio

Computer processing and cloud services Industry Working Capital Per Revenue Statistics as of 2 Q 2022
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Working Capital Per Revenue was unchanged from the previous quarter at 0.21 in the 2 Q 2022



Within Technology sector 4 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from to 75.




Working Capital Per Revenue Statistics as of 2 Q 2022
High Average Low
0.3 0.21 0.14
4. quarter 2021   2. quarter 2019


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 5
Overall # 75



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Axim's or S&P Constituent list of Computer processing and cloud services Industry
Return On Assets for Computer processing and cloud services Industry Definiton of Working Capital Per Revenue



Computer processing and cloud services Industry Leverage Ratio Statistics as of 2 Q 2022
 


Leverage Ratio Statistics as of 2 Q 2022
High Average Low
2.43 1.61 0.04
3. quarter 2018   1. quarter 2016



Leverage Ratio Comment
Despite net new borrowings of 1.28% Industry managed to improve Liabilities to Equity ratio in 2 Q 2022 to 1.53, below Industry average.



Among other Industries in the Technology sector 5 other industries have achieved lower Leverage Ratio.



Leverage Ratio overall ranking has fallen relative to the prior quarter from to 32.



Leverage Ratio Industry Ranking
Within: No.
Sector # 6
Overall # 32

Other Leverage Ratios
Compare Industry's Leverage ratio to Axim's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for AXIM's Competitors What is Leverage Ratio?


Computer processing and cloud services Industry Total Debt to Equity Ratio Statistics as of 2 Q 2022
 
Debt to Equity Ratio Comment
Despite net new borrowings of -1.49% Industry managed to improve Total Debt to Equity in 2 Q 2022 to 0.05, below Industry average.



Within Technology sector 6 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has contracted relative to the preceding quarter from to 51.




Debt to Equity Ratio Statistics as of 2 Q 2022
High Average Low
0.23 0.09 0.02
2. quarter 2014   3. quarter 2015



Debt to Equity Industry Ranking
Within: No.
Sector # 7
Overall # 51

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Axim's or S&P Definiton of Debt to Equity Ratio

Computer processing and cloud services Industry Interest Coverage Ratio Statistics as of 2 Q 2022
 


Interest Coverage Ratio Statistics as of 2 Q 2022
High Average Low
17.67 6.48 2.03
3. quarter 2014   2. quarter 2020

Interest Coverage Ratio Comment
On the trailing twelve months basis Due to increase in interest expenses in 2 Q 2022, Interest Coverage Ratio fell to 4.56 below Computer processing and cloud services Industry average.



In the Technology sector 9 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage overall ranking fell in contrast to the prior period from to 91.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 10
Overall # 91

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Axim's or S&P Definiton of Interest Coverage Ratio


Computer processing and cloud services Industry Debt Coverage Statistics as of 2 Q 2022
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Despite sequential decrease in total debt, Debt Coverage Ratio detoriated to 2.64 in the 2 Q 2022, below Computer processing and cloud services Industry average.



Looking into Technology sector 9 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has declined from the preceding period from to 84.




Debt Coverage Statistics as of 2 Q 2022
High Average Low
5.76 2.65 1.05
3. quarter 2015   2. quarter 2014



Debt Coverage Industry Ranking
Within: No.
Sector # 10
Overall # 84

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Computer processing and cloud services Industry's Margin Definiton of Debt Coverage Ratio



       
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