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

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

 


In the wake of the increase in Current Liabilities in the third quarter 2024, Quick Ratio fell to 0.01 a new company low.

Within Industrial Machinery and Components industry 93 other companies have achieved higher Quick Ratio than Advent Technologies Holdings Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 3091 to 4054.

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


ADN Quick Ratio (Sep 30 2024)
Q3
(Jun 30 2024)
Q2
(Dec 31 2023)
Q4
(Sep 30 2023)
Q3
(Jun 30 2023)
Q2
Y / Y Current Liabilities Change 87.94 % 5.86 % -12.83 % 7.73 % 5.92 %
Y / Y Cash & cash equivalent Change -98.09 % -96.51 % -89.16 % -91.37 % -78.4 %
Quick Ratio MRQ 0.01 0.04 0.3 0.29 0.75
ADN's Total Ranking # 4054 # 3091 # 2485 # 2645 #
Seq. Current Liabilities Change 59.35 % 32.45 % -7.04 % -4.22 % -10.24 %
Seq. Cash & cash equivalent Change -71.85 % -80.85 % -2.7 % -63.58 % -48.57 %



Quick Ratio third quarter 2024 Company Ranking
Within: No.
Industrial Machinery and Components Industry # 94
Capital Goods Sector # 242
Overall Market # 4054


Quick Ratio Statistics
High Average Low
33.8 5.22 0.01
(Jun 30 2021)   (Sep 30 2024)




Financial Statements
Advent Technologies Holdings Inc 's Current Liabilities $ 25 Millions Visit ADN's Balance sheet
Advent Technologies Holdings Inc 's Cash & cash equivalent $ 0 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 2024)
12 Months
(Jun 30 2024)
12 Months
(Dec 31 2023)
12 Months
(Sep 30 2023)
12 Months
(Jun 30 2023)
12 Months
Y / Y Current Liabilities TTM Growth 21.92 % 1.48 % 2.3 % -1.68 % -7.31 %
Y / Y Cash & cash equivalent TTM Growth -92.28 % -87.3 % -79.67 % -71 % -62.27 %
Quick Ratio TTM 0.12 0.33 0.69 1.21 1.95
Total Ranking TTM # 3483 # 3447 # 3367 # 2518 #
Seq. Current Liabilities TTM Growth 21.83 % 1.65 % -3.2 % 1.71 % 1.41 %
Seq. Cash & cash equivalent TTM Growth -54.91 % -51.23 % -44.32 % -36.97 % -25.8 %


On the trailing twelve months basis Due to jump in Current Liabilities in the Q3 2024 to $25.14 millions, cumulative Quick Ratio decreased to 0.12 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 2024 from 3447 to 3483.

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 # 245
Within the Market # 3483


trailing twelve months Quick Ratio Statistics
High Average Low
16.94 4.39 0.01
(Jun 30 2021)   (Sep 30 2020)




Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Industrial Machinery and Components Industry Quick RatioSep 30 2024 MRQ Cash & cash equivalentSep 30 2024 MRQ Current Liabilities
Flux Power Holdings Inc   0.02 $ 0.559  Millions$ 30.534  Millions
Nuburu Inc   0.01 $ 0.232  Millions$ 15.673  Millions
Advent Technologies Holdings Inc   0.01 $ 0.192  Millions$ 25.144  Millions

Date modified: 2025-01-01T19:31:26+00:00



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