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

ADN's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth

 


In the wake of the increase in Current Liabilities in the third quarter 2024, Working Capital Ratio fell to 0.06 a new company low.

Within Industrial Machinery and Components industry 107 other companies have achieved higher Working Capital Ratio than Advent Technologies Holdings Inc in third quarter 2024. While Working Capital Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 3880 to 4329.

Explain Working Capital Ratio
How much Current Assetss ADNīs has?
What are ADNīs Current Liabilities?


ADN Working Capital 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 Current Assets Change -95.47 % -82.27 % -82.15 % -61.66 % -55.7 %
Working Capital Ratio MRQ 0.06 0.44 0.74 1.84 2.35
ADN's Total Ranking # 4329 # 3880 # 3615 # 2191 #
Seq. Current Liabilities Change 59.35 % 32.45 % -7.04 % -4.22 % -10.24 %
Seq. Current Assets Change -79.41 % -21.73 % -62.43 % -25.26 % -19.31 %



Working Capital Ratio third quarter 2024 Company Ranking
Within: No.
Industrial Machinery and Components Industry # 108
Capital Goods Sector # 272
Overall Market # 4329


Working Capital Ratio Statistics
High Average Low
35.33 6.23 0.06
(Jun 30 2021)   (Sep 30 2020)




Financial Statements
Advent Technologies Holdings Inc 's Current Liabilities $ 25 Millions Visit ADN's Balance sheet
Advent Technologies Holdings Inc 's Current Assets $ 1 Millions Visit ADN's Balance sheet
Source of ADN's Sales Visit ADN's Sales by Geography


Cumulative Advent Technologies Holdings Inc 's Working Capital Ratio

ADN's Working Capital Ratio for the trailling 12 Months

ADN Working Capital 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 Current Assets TTM Growth -77.56 % -67.97 % -61.13 % -54.06 % -49.55 %
Working Capital Ratio TTM 0.62 1.31 1.94 2.62 3.37
Total Ranking TTM # 3598 # 3254 # 3610 # 1936 #
Seq. Current Liabilities TTM Growth 21.83 % 1.65 % -3.2 % 1.71 % 1.41 %
Seq. Current Assets TTM Growth -42.47 % -31.2 % -28.34 % -20.86 % -17.91 %


On the trailing twelve months basis Due to jump in Current Liabilities in the Q3 2024 to $25.14 millions, cumulative Working Capital Ratio decreased to 0.62 below the Advent Technologies Holdings Inc average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Industrial Machinery and Components industry 107 other companies have achieved higher Working Capital Ratio than Advent Technologies Holdings Inc . While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 3254 to 3598.

Explain Working Capital Ratio
How much Current Assetss ADNīs has?
What are ADNīs Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Industrial Machinery and Components Industry # 108
Capital Goods Sector # 250
Within the Market # 3598


trailing twelve months Working Capital Ratio Statistics
High Average Low
17.83 5.76 0.62
(Jun 30 2021)   (Sep 30 2024)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2024, within Industrial Machinery and Components Industry Working Capital RatioSep 30 2024 MRQ Current AssetsSep 30 2024 MRQ Current Liabilities
Nuburu Inc   0.15 $ 2.340  Millions$ 15.673  Millions
Nubia Brand International Corp  0.09 $ 2.037  Millions$ 23.382  Millions
Concrete Leveling Systems Inc   0.07 $ 0.018  Millions$ 0.265  Millions
Originclear Inc  0.06 $ 2.797  Millions$ 46.800  Millions
Advent Technologies Holdings Inc   0.06 $ 1.424  Millions$ 25.144  Millions
Goldenstone Acquisition Ltd  0.05 $ 0.179  Millions$ 3.908  Millions

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



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