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<< Back to Financial Strength by Industry within Technology Sector
Technology Sector Financial Strength Information
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Financial Strength Information & Trends  |
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| Technology Sector |
2 Q |
1 Q |
4 Q |
3 Q |
2 Q |
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2024 |
2024 |
2023 |
2023 |
2023 |
| Quick Ratio (TTM) |
0.72 |
0.66 |
0.71 |
0.67 |
0.67 |
| Quick Ratio Ranking |
# 2 |
# 2 |
# 3 |
# 3 |
# 3 |
| Working Capital Ratio (TTM) |
1.59 |
1.48 |
1.55 |
1.55 |
1.53 |
| Working Capital Ratio Ranking |
# 2 |
# 5 |
# 4 |
# 4 |
# 5 |
| Working Capital Per Revenue |
0.22 |
0.19 |
0.22 |
0.21 |
0.21 |
| Working Capital Per Revenue Ranking |
# 12 |
# 11 |
# 11 |
# 1 |
# 11 |
| Leverage Ratio (TTM) |
1.06 |
1.22 |
1.2 |
1.24 |
1.31 |
| Leverage Ratio Ranking |
# 2 |
# 2 |
# 2 |
# 2 |
# 2 |
| Total Debt to Equity (TTM) |
0.41 |
0.46 |
0.48 |
0.5 |
0.54 |
| Total Debt to Equity Ranking |
# 2 |
# 2 |
# 3 |
# 2 |
# 2 |
| Interest Coverage (TTM) |
47.24 |
27.81 |
22.58 |
27.77 |
25.7 |
| Interest Coverage
Ranking |
# 2 |
# 1 |
# 1 |
# 1 |
# 2 |
| Debt Coverage (TTM) |
0.92 |
0.77 |
0.62 |
0.68 |
0.61 |
| Debt Coverage Ranking |
# 2 |
# 2 |
# 1 |
# 3 |
# 2 |
| Quick Ratio Comment |
On the trailing twelve months basis Technology Sector's Cash & cash equivalent grew by 9.94 % in the 2 Q 2024 sequentially, faster than Current Liabilities, this led to improvement in Technology Sector's Quick Ratio to 0.72 in the 2 Q 2024,, Quick Ratio remained below Technology Sector average.
Within Technology sector only one Sector has accomplished higher Quick Ratio. Total ranking remained unchanged relative to the quarter before at no. 2. |
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 2 Q 2024 |
| High |
Average |
Low |
| 5.2 |
1.3 |
0.64 |
| 1. quarter 2016 |
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1. quarter 2023 |
| Quick Ratio Sector Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 2
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| Technology Sector Working Capital Ratio Statistics as of 2 Q 2024 |
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| Working Capital Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 2.5 |
1.94 |
1.47 |
| 1. quarter 2016 |
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1. quarter 2023 |
| Working Capital Ratio Comment |
On the trailing twelve months basis Technology Sector's Current Assets grew by 1.76 % in the 2 Q 2024 sequentially, faster than Current Liabilities, this led to improvement in Sector's Working Capital Ratio to 1.59 in the 2 Q 2024, Working Capital Ratio remained below Technology Sector average.
Within Technology sector only one Sector has achieved higher Working Capital Ratio. Working Capital Ratio total ranking has improved to 2, from total ranking in previous quarter at 5.
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| Working Capital Ratio Sector Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 2
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| Technology Sector Working Capital Per Revenue
Statistics as of 2 Q 2024 |
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| Working Capital Per Revenue Comment |
On the trailing twelve months basis Technology Sector's Working Capital Per Revenue sequentially grew to 0.22 in the 2 Q 2024, below Sector average.
Within Technology sector 11 other sector have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 11 to 12.
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| Working Capital Per Revenue Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 3.76 |
0.36 |
-3.68 |
| 2. quarter 2022 |
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1. quarter 2014 |
| Working Capital Per Revenue Sector Ranking |
| Within: |
No. |
| Sector |
# 12 |
| Overall |
# 12
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| Technology Sector Leverage Ratio Statistics as of 2 Q 2024 |
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| Leverage Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 1.45 |
1.13 |
-0.49 |
| 2. quarter 2020 |
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1. quarter 2016 |
| Leverage Ratio Comment |
Due to repayements of liabilities of 0.62% Sector improved Liabilities to Equity ratio in 2 Q 2024 to 1.06, below Sector average.
In the Technology sector only one Sector has achieved lower Leverage Ratio.
Overall ranking remained unchanged from to the prior quarter at no. 2.
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| Leverage Ratio Sector Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 2
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| Technology Sector Total Debt to Equity Ratio Statistics as of 2 Q 2024 |
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| Debt to Equity
Ratio Comment |
Due to debt repayement of 0.39% Sector improved Total Debt to Equity in 2 Q 2024 to 0.41, above Sector average.
Within Technology sector only one Sector has achieved lower Debt to Equity Ratio. Total ranking remained the same like in the preceding quarter at no. 2.
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| Debt to Equity Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 0.56 |
0.2 |
0.04 |
| 3. quarter 2022 |
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3. quarter 2021 |
| Debt to Equity Sector Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 2
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| Technology Sector Interest Coverage Ratio Statistics as of 2 Q 2024 |
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| Interest Coverage Ratio Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 114.63 |
32.94 |
17.4 |
| 1. quarter 2016 |
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4. quarter 2015 |
| Interest Coverage Ratio Comment |
On the trailing twelve months basis Technology Sector's ebitda grew by 6.63 % in 2 Q 2024 sequentially, while interest expenses decreased, this led to improvement in Sector's Interest Coverage Ratio to 47.24 , above Technology Sector average Interest Coverage Ratio.
In the Technology sector only one Sector has achieved higher Interest Coverage Ratio. Interest Coverage overall ranking fell in contrast to the prior period from 1 to 2.
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| Interest Coverage Ratio Sector Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 2
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| Technology Sector Debt Coverage
Statistics as of 2 Q 2024 |
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| Debt Coverage Ratio Comment |
On the trailing twelve months basis Technology Sector's ebitda grew by 6.63 % in 2 Q 2024 sequentially, faster than total debt, this led to improvement in Sector's Debt Coverage Ratio to 0.92 , Debt Coverage Ratio remained below Technology Sector average.
Looking into Technology sector only one Sector has accomplished higher Debt Coverage Ratio. Total ranking was the same like in the previous quarter at no. 2.
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| Debt Coverage Statistics as of 2 Q 2024 |
| High |
Average |
Low |
| 19.19 |
4.08 |
0.59 |
| 1. quarter 2016 |
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1. quarter 2023 |
| Debt Coverage Sector Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 2
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Date modified: 2024-09-08T22:50:29+00:00
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