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Advent Technologies Holdings Inc   (ADN)
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Advent Technologies Holdings Inc 's Quick Ratio

ADN's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the third quarter 2023, Quick Ratio deteriorated to 0.29 below Advent Technologies Holdings Inc 's average Quick Ratio.

Within Industrial Machinery and Components industry 63 other companies have achieved higher Quick Ratio than Advent Technologies Holdings Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 2025 to 2645.

Explain Quick Ratio?
How much Cash & cash equivalents ADNīs has?
What are ADNīs Current Liabilities?


ADN Quick Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 7.73 % 5.92 % 9.37 % -22.12 % -16.72 %
Y / Y Cash & cash equivalent Change -91.37 % -78.4 % -67.03 % -58.79 % -54.11 %
Quick Ratio MRQ 0.29 0.75 1.31 2.41 3.57
ADN's Total Ranking # 2645 # 2025 # 1347 # 1288 # 1014
Seq. Current Liabilities Change -4.22 % -10.24 % 9.07 % 14.89 % -5.83 %
Seq. Cash & cash equivalent Change -63.58 % -48.57 % -40.54 % -22.56 % -8.79 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Industrial Machinery and Components Industry # 64
Capital Goods Sector # 137
Overall Market # 2645


Quick Ratio Statistics
High Average Low
33.8 6.32 0.01
(Jun 30 2021)   (Dec 31 2020)




Financial Statements
Advent Technologies Holdings Inc 's Current Liabilities $ 13 Millions Visit ADN's Balance sheet
Advent Technologies Holdings Inc 's Cash & cash equivalent $ 4 Millions Visit ADN's Balance sheet
Source of ADN's Sales Visit ADN's Sales by Geography


Cumulative Advent Technologies Holdings Inc 's Quick Ratio

ADN's Quick Ratio for the trailling 12 Months

ADN Quick Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 7.73 % 5.92 % 9.37 % -22.12 % -16.72 %
Y / Y Cash & cash equivalent TTM Growth -91.37 % -78.4 % -67.03 % -58.79 % -54.11 %
Quick Ratio TTM 1.21 1.95 2.66 3.5 4.09
Total Ranking TTM # 1240 # 1090 # 1001 # 976 # 917
Seq. Current Liabilities TTM Growth -4.22 % -10.24 % 9.07 % 14.89 % -5.83 %
Seq. Cash & cash equivalent TTM Growth -63.58 % -48.57 % -40.54 % -22.56 % -8.79 %


On the trailing twelve months basis Due to decrease in Current Liabilities in the III Quarter 2023 to $12.82 millions, cumulative Quick Ratio decreased to 1.21 below the Advent Technologies Holdings Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Industrial Machinery and Components industry 103 other companies have achieved higher Quick Ratio than Advent Technologies Holdings Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 1722 to 2400.

Explain Quick Ratio?
How much Cash & cash equivalents ADNīs has?
What are ADNīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Industrial Machinery and Components Industry # 104
Capital Goods Sector # 246
Within the Market # 2645


trailing twelve months Quick Ratio Statistics
High Average Low
16.94 5.25 0.01
(Jun 30 2021)   (Sep 30 2020)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Industrial Machinery and Components Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Zurn Elkay Water Solutions Corporation  0.75 $ 173.100  Millions$ 229.800  Millions
Owens Corning  0.75 $ 1,323.000  Millions$ 1,766.000  Millions
Ingersoll Rand Inc   0.72 $ 1,197.500  Millions$ 1,654.700  Millions
Velo3d Inc   0.72 $ 71.599  Millions$ 98.946  Millions
Gates Industrial Corporation Plc  0.71 $ 556.800  Millions$ 780.400  Millions
Atkore Inc   0.69 $ 388.114  Millions$ 564.604  Millions
Carrier Global Corporation  0.67 $ 3,902.000  Millions$ 5,853.000  Millions
Acm Research Inc   0.63 $ 304.596  Millions$ 481.951  Millions
Novanta Inc   0.58 $ 75.961  Millions$ 130.317  Millions
Nauticus Robotics Inc   0.55 $ 7.172  Millions$ 12.956  Millions
Alamo Group Inc   0.52 $ 113.534  Millions$ 219.329  Millions
Enersys  0.49 $ 327.751  Millions$ 665.267  Millions
Stem Inc   0.47 $ 125.365  Millions$ 269.244  Millions
Fluence Energy Inc   0.46 $ 345.896  Millions$ 745.663  Millions
Sunrun Inc   0.45 $ 643.787  Millions$ 1,423.268  Millions
Greystone Logistics Inc   0.45 $ 3.057  Millions$ 6.844  Millions
Amtech Systems Inc   0.44 $ 13.133  Millions$ 29.718  Millions
Lincoln Electric Holdings Inc  0.42 $ 342.667  Millions$ 808.142  Millions
Championx Corp  0.39 $ 285.006  Millions$ 730.759  Millions
Kadant Inc   0.36 $ 76.793  Millions$ 213.564  Millions
Ultralife Corporation  0.35 $ 9.301  Millions$ 26.386  Millions
Dragonfly Energy Holdings Corp   0.32 $ 13.235  Millions$ 41.022  Millions
Energizer Holdings Inc   0.30 $ 223.300  Millions$ 734.200  Millions
Vontier Corporation  0.30 $ 263.600  Millions$ 867.700  Millions
John Bean Technologies Corporation  0.30 $ 125.000  Millions$ 414.500  Millions
Advent Technologies Holdings Inc   0.29 $ 3.661  Millions$ 12.815  Millions
Microvast Holdings Inc   0.28 $ 92.894  Millions$ 336.391  Millions
Graham Corporation  0.27 $ 25.800  Millions$ 93.843  Millions
Thermon Group Holdings inc   0.26 $ 30.532  Millions$ 117.928  Millions
Donaldson Company Inc   0.25 $ 217.800  Millions$ 856.600  Millions

Date modified: 2023-11-17T13:17:35+00:00



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