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Software & Programming Industry Financial Strength Information


Financial Strength Information & Trends  
 


Category:   Period:  

Software & Programming Industry 1 Q 4 Q 3 Q 2 Q 1 Q
  2024 2023 2023 2023 2023
Quick Ratio (TTM) 0.82 0.85 0.78 0.83 0.87
Quick Ratio Ranking # 13 # 16 # 18 # 15 # 15
Working Capital Ratio (TTM) 1.53 1.53 1.56 1.54 1.56
Working Capital Ratio Ranking # 32 # 45 # 36 # 40 # 40
Working Capital Per Revenue 0.26 0.24 0.27 0.27 0.27
Working Capital Per Revenue Ranking # 92 # 76 # 90 # 92 # 87
Leverage Ratio (TTM) 1.01 1.27 1.27 1.34 1.39
Leverage Ratio Ranking # 19 # 33 # 23 # 24 # 26
Total Debt to Equity (TTM) 0.39 0.59 0.5 0.55 0.58
Total Debt to Equity Ranking # 20 # 51 # 25 # 27 # 31
Interest Coverage (TTM) 9 6.53 21.82 19.61 20.13
Interest Coverage Ranking # 45 # 56 # 13 # 15 # 15
Debt Coverage (TTM) 0.31 0.25 0.6 0.52 0.48
Debt Coverage Ranking # 57 # 64 # 19 # 28 # 31


Quick Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 1 Q 2024, Quick Ratio fell to 0.82 below Software & Programming Industry average.



Within Technology sector 2 other industries have achieved higher Quick Ratio. Quick Ratio total ranking has improved so far to 13, from total ranking in previous quarter at 16.

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

Quick Ratio Statistics as of 1 Q 2024
High Average Low
6.6 1.84 0.78
1. quarter 2016   3. quarter 2023

Quick Ratio Industry Ranking
Within: No.
Sector # 3
Overall # 13


Other Quick Ratios
Compare Industry's quick ratio to Cvi's or S&P Constituent list of Software & Programming Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for CVI's Competitors Definiton of Quick Ratio


Software & Programming Industry Working Capital Ratio Statistics as of 1 Q 2024
 



Working Capital Ratio Statistics as of 1 Q 2024
High Average Low
2.58 2.08 1.53
3. quarter 2018   4. quarter 2023



Working Capital Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 1 Q 2024, Working Capital Ratio fell to 1.53 a new Software & Programming Industry low.



Within Technology sector 6 other industries have achieved higher Working Capital Ratio. Working Capital Ratio total ranking has improved to 32, from total ranking in previous quarter at 45.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 32

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Cvi's or S&P Constituent list of Software & Programming Industry
Working Capital ratios for CVI's Competitors Definiton of Working Capital Ratio

Software & Programming Industry Working Capital Per Revenue Statistics as of 1 Q 2024
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Software & Programming Industry's Working Capital Per Revenue sequentially grew to 0.26 in the 1 Q 2024, below Industry average.



Within Technology sector 7 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 76 to 92.




Working Capital Per Revenue Statistics as of 1 Q 2024
High Average Low
0.81 0.49 0.08
3. quarter 2016   1. quarter 2016


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 8
Overall # 92



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Cvi's or S&P Constituent list of Software & Programming Industry
Return On Assets for Software & Programming Industry Definiton of Working Capital Per Revenue



Software & Programming Industry Leverage Ratio Statistics as of 1 Q 2024
 


Leverage Ratio Statistics as of 1 Q 2024
High Average Low
1.62 1.2 -0.49
2. quarter 2019   1. quarter 2016



Leverage Ratio Comment
Due to repayements of liabilities of 1.13% Industry improved Liabilities to Equity ratio in 1 Q 2024 to 1.01, below Industry average.



Among other Industries in the Technology sector 3 other industries have achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 19, from overall ranking in the previous quarter at 33.



Leverage Ratio Industry Ranking
Within: No.
Sector # 4
Overall # 19

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


Software & Programming Industry Total Debt to Equity Ratio Statistics as of 1 Q 2024
 
Debt to Equity Ratio Comment
Due to debt repayement of -0.98% Industry improved Total Debt to Equity in 1 Q 2024 to 0.39, above Industry average.



Within Technology sector 3 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 20, from total ranking in previous quarter at 51.




Debt to Equity Ratio Statistics as of 1 Q 2024
High Average Low
0.59 0.2 0.04
3. quarter 2022   3. quarter 2020



Debt to Equity Industry Ranking
Within: No.
Sector # 4
Overall # 20

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 Cvi's or S&P Definiton of Debt to Equity Ratio

Software & Programming Industry Interest Coverage Ratio Statistics as of 1 Q 2024
 


Interest Coverage Ratio Statistics as of 1 Q 2024
High Average Low
59.92 25.55 6.56
4. quarter 2015   4. quarter 2023

Interest Coverage Ratio Comment
On the trailing twelve months basis interest expenses decreased faster than Industry's ebitda, this led to improvement in Industry's Interest Coverage Ratio to 9 , Interest Coverage Ratio remained below Software & Programming Industry average.



In the Technology sector 6 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 45, from total ranking in previous quarter at 56.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 45

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


Software & Programming Industry Debt Coverage Statistics as of 1 Q 2024
 
Debt Coverage Ratio Comment
On the trailing twelve months basis total debt decreased faster than Industry's ebitda, this led to improvement in Industry's Debt Coverage Ratio to 0.31 , Debt Coverage Ratio remained below Software & Programming Industry average.



Looking into Technology sector 8 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has improved to 57, from total ranking in previous quarter at 64.




Debt Coverage Statistics as of 1 Q 2024
High Average Low
9.07 3.7 0.25
3. quarter 2020   4. quarter 2023



Debt Coverage Industry Ranking
Within: No.
Sector # 9
Overall # 57

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Software & Programming Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-05-27T18:29:31+00:00



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