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Technology Sector Financial Strength Information
Financial Strength Information & Trends  
 


Category:   Period:  

Technology Sector 3 Q 2 Q 1 Q 4 Q 3 Q
  2023 2023 2023 2022 2022
Quick Ratio (TTM) 0.5 0.68 0.65 0.75 0.76
Quick Ratio Ranking # 3 # 3 # 3 # 3 # 3
Working Capital Ratio (TTM) 0.89 1.54 1.48 1.57 1.59
Working Capital Ratio Ranking # 6 # 4 # 5 # 5 # 5
Working Capital Per Revenue - - - 2.33 4.9
Working Capital Per Revenue Ranking # 3 # 1 # 1 # 13 # 12
Leverage Ratio (TTM) 9.53 1.3 1.41 1.27 1.38
Leverage Ratio Ranking # 8 # 2 # 3 # 1 # 2
Total Debt to Equity (TTM) 6.12 0.54 0.55 0.49 0.48
Total Debt to Equity Ranking # 8 # 2 # 3 # 2 # 3
Interest Coverage (TTM) 7.12 25.83 27.5 30.36 32.52
Interest Coverage Ranking # 5 # 2 # 2 # 1 # 1
Debt Coverage (TTM) 0.28 0.61 0.59 0.61 0.77
Debt Coverage Ranking # 5 # 2 # 2 # 2 # 2

New: More Technology Sector historic financial strength information >>

Quick Ratio Comment
On the trailing twelve months basis Despite sequential decrease in Current Liabilities, Quick Ratio detoriated to 0.5 in the 3 Q 2023 a new Technology Sector low.


Total ranking remained unchanged relative to the quarter before at no. 3.

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 3 Q 2023
High Average Low
5.2 1.35 0.5
1. quarter 2016   3. quarter 2023

Quick Ratio Sector Ranking
Within: No.
Overall # 3


Other Quick Ratios
Compare Sector's quick ratio to Cco's or S&P Constituent list of Technology Sector
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for CCO's Competitors Definiton of Quick Ratio


Technology Sector Working Capital Ratio Statistics as of 3 Q 2023
 



Working Capital Ratio Statistics as of 3 Q 2023
High Average Low
2.5 1.96 0.89
1. quarter 2016   3. quarter 2023



Working Capital Ratio Comment
On the trailing twelve months basis Despite sequential decrease in Current Liabilities, Working Capital Ratio detoriated to 0.89 in the 3 Q 2023 a new Technology Sector low.


Working Capital Ratio total ranking has deteriorated relative to the previous quarter from 4 to 6.



Working Capital Ratio Sector Ranking
Within: No.
Overall # 6

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Sector's Working Capital ratio to Cco's or S&P Constituent list of Technology Sector
Working Capital ratios for CCO's Competitors Definiton of Working Capital Ratio

Technology Sector Working Capital Per Revenue Statistics as of 3 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis


Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 1 to 3.




Working Capital Per Revenue Statistics as of 3 Q 2023
High Average Low
4.9 0.26 -3.68
3. quarter 2022   1. quarter 2014


Working Capital Per Revenue Sector Ranking
Within: No.
Overall # 3



Other Working Capital Per Revenue
Compare Sector's Working Capital Per Revenue to Cco's or S&P Constituent list of Technology Sector
Return On Assets for Technology Sector Definiton of Working Capital Per Revenue



Technology Sector Leverage Ratio Statistics as of 3 Q 2023
 


Leverage Ratio Statistics as of 3 Q 2023
High Average Low
9.53 1.34 -0.49
3. quarter 2023   1. quarter 2016



Leverage Ratio Comment
Despite repayements of liabilities of -0.21%, in 3 Q 2023, Liabilities to Equity ratio detoriated to 9.53, a new Technology Sector high.






Leverage Ratio overall ranking has fallen relative to the prior quarter from 2 to 8.



Leverage Ratio Sector Ranking
Within: No.
Overall # 8

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


Technology Sector Total Debt to Equity Ratio Statistics as of 3 Q 2023
 
Debt to Equity Ratio Comment
Despite debt repayement of -0.82%, in 3 Q 2023 ,Total Debt to Equity detoriated to 6.12 in the 3 Q 2023, a new Sector high.


Debt to Equity Ratio total ranking has contracted relative to the preceding quarter from 2 to 8.




Debt to Equity Ratio Statistics as of 3 Q 2023
High Average Low
6.12 0.32 0.04
3. quarter 2023   3. quarter 2021



Debt to Equity Sector Ranking
Within: No.
Overall # 8

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

Technology Sector Interest Coverage Ratio Statistics as of 3 Q 2023
 


Interest Coverage Ratio Statistics as of 3 Q 2023
High Average Low
114.63 32.44 7.12
1. quarter 2016   3. quarter 2023

Interest Coverage Ratio Comment
On the trailing twelve months basis Due to increase in interest expenses in 3 Q 2023, Interest Coverage Ratio fell to 7.12 a new Technology Sector low.


Interest Coverage overall ranking fell in contrast to the prior period from 2 to 5.



Interest Coverage Ratio Sector Ranking
Within: No.
Overall # 5

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


Technology Sector Debt Coverage Statistics as of 3 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Despite sequential decrease in total debt, Debt Coverage Ratio detoriated to 0.28 in the 3 Q 2023, a new Technology Sector low.


Debt Coverage Ratio total ranking has declined from the preceding period from 2 to 5.




Debt Coverage Statistics as of 3 Q 2023
High Average Low
19.19 4.33 0.28
1. quarter 2016   3. quarter 2023



Debt Coverage Sector Ranking
Within: No.
Overall # 5

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Technology Sector's Margin Definiton of Debt Coverage Ratio

Date modified: 2023-09-30T15:30:15+00:00



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