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Avidxchange Holdings Inc   (AVDX)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Avidxchange Holdings Inc 's Tangible Leverage Ratio

AVDX's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to repayements of liabilities of -2.77% Avidxchange Holdings Inc improved Tangible Leverage Ratio in third quarter 2023 to 0.62, below the company's average Tangible Leverage Ratio.

Within Software & Programming industry in the third quarter 2023, 33 other companies have achieved lower Tangible Leverage Ratio than Avidxchange Holdings Inc in the III Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the third quarter 2023 to 800, from total ranking in the second quarter 2023 at 907 .

Explain Tangible Leverage Ratio?
What is AVDX Market Share?
What are AVDX´s Total Liabilities?


AVDX Tangible Leverage 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 Tangible Equity Change -2.72 % -7.62 % -10.04 % -13.99 % -
Y / Y Total Liabilities Change -21.41 % -15.66 % -15.91 % -10.13 % -73.11 %
Tangible Leverage Ratio MRQ 0.62 0.65 0.63 0.68 0.77
AVDX's Total Ranking # 800 # 907 # 661 # 434 # 1073
Seq. Tangible Equity Change 1.88 % -0.72 % -0.84 % -2.99 % -3.26 %
Seq. Total Liabilities Change -2.77 % 2 % -8.39 % -13.5 % 4.34 %



Tangible Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 34
Technology Sector # 137
Overall Market # 800


Tangible Leverage Ratio Statistics
High Average Low
5.7 0.98 0.01
(Dec 31 2017)   (Jul 31 2012)




Financial Statements
Avidxchange Holdings Inc 's Tangible Equity $ 394 Millions Visit AVDX's Balance sheet
Avidxchange Holdings Inc 's Total Liabilities $ 244 Millions Visit AVDX's Balance sheet
Source of AVDX's Sales Visit AVDX's Sales by Geography


Cumulative Avidxchange Holdings Inc 's Tangible Leverage Ratio

AVDX's Tangible Leverage Ratio for the trailling 12 Months

AVDX Tangible Leverage 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 Tangible Equity TTM Growth -2.72 % -7.62 % -10.04 % -13.99 % -
Y / Y Total Liabilities TTM Growth -21.41 % -15.66 % -15.91 % -10.13 % -73.11 %
Tangible Leverage Ratio TTM 0.65 0.68 0.7 0.71 0.7
Total Ranking TTM # 18 # 12 # 17 # 249 # 13
Seq. Tangible Equity TTM Growth 1.88 % -0.72 % -0.84 % -2.99 % -3.26 %
Seq. Total Liabilities TTM Growth -2.77 % 2 % -8.39 % -13.5 % 4.34 %


On the trailing twelve months basis Due to repayements of liabilities of -2.77% Avidxchange Holdings Inc decreased Tangible Leverage Ratio in the 12 months ending in III Quarter 2023 to 0.65, below the company's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Software & Programming industry AVDX recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has deteriorated during the twelve months ending in the III Quarter 2023, compared to the prior period, from 12 to 18.

Explain Tangible Leverage Ratio?
What is AVDX Market Share?
What are AVDX´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 0
Technology Sector # 0
Within the Market # 18


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
22.77 2.94 0.26
(Dec 31 2021)   (Sep 30 2015)




Companies with similar Tangible Leverage Ratio in the quarter ending Sep 30 2023, within Software & Programming Industry Tangible Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 30 2023 MRQ Tangible Equity
Smartsheet Inc   1.68 $ 646.428  Millions$ 385.346  Millions
Taoping Inc   1.57 $ 20.063  Millions$ 12.763  Millions
Xperi Inc   1.57 $ 261.050  Millions$ 166.099  Millions
Mix Telematics Limited  1.57 $ 71.599  Millions$ 45.662  Millions
Microsoft Corporation  1.56 $ 225,071.000  Millions$ 144,029.000  Millions
My Size Inc   1.56 $ 5.271  Millions$ 3.382  Millions
Hubspot Inc   1.45 $ 1,629.309  Millions$ 1,126.907  Millions
Qualys Inc   1.41 $ 428.944  Millions$ 304.984  Millions
Duos Technologies Group Inc   1.39 $ 7.707  Millions$ 5.553  Millions
Procore Technologies Inc   1.30 $ 573.962  Millions$ 440.416  Millions
Nice Ltd   1.30 $ 1,590.770  Millions$ 1,227.030  Millions
Great Elm Group Inc   1.24 $ 68.921  Millions$ 55.482  Millions
Avepoint Inc   1.24 $ 212.091  Millions$ 171.089  Millions
Datasea Inc   1.23 $ 4.437  Millions$ 3.593  Millions
Expensify Inc   1.23 $ 117.258  Millions$ 95.056  Millions
T Stamp Inc  1.23 $ 3.405  Millions$ 2.766  Millions
Magic Software Enterprises Ltd   1.23 $ 153.309  Millions$ 124.879  Millions
Smith Micro Software Inc   1.22 $ 12.179  Millions$ 9.949  Millions
Datadog Inc   1.20 $ 1,736.826  Millions$ 1,447.634  Millions
Alkami Technology Inc   1.18 $ 160.539  Millions$ 136.100  Millions
Gitlab Inc   1.17 $ 680.329  Millions$ 582.783  Millions
Clear Secure Inc   1.16 $ 434.163  Millions$ 373.931  Millions
Egain Corporation  1.15 $ 58.701  Millions$ 51.079  Millions
Gorilla Technology Group Inc   1.13 $ 61.286  Millions$ 54.152  Millions
Weave Communications Inc   0.99 $ 79.858  Millions$ 80.926  Millions
Cadence Design Systems Inc   0.99 $ 1,247.062  Millions$ 1,265.835  Millions
Varonis Systems Inc   0.88 $ 371.204  Millions$ 419.794  Millions
Guidewire Software Inc   0.87 $ 713.948  Millions$ 820.329  Millions
Asana Inc   0.85 $ 282.548  Millions$ 332.169  Millions
Netsol Technologies Inc   0.82 $ 22.404  Millions$ 27.361  Millions

Date modified: 2023-11-12T10:56:24+00:00



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