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Avidxchange Holdings Inc   (NASDAQ: AVDX)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Avidxchange Holdings Inc 's Quick Ratio

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

 


Current Liabilities decreased faster than Avidxchange Holdings Inc 's Cash & cash equivalent, this led to improvement in Avidxchange Holdings Inc 's Quick Ratio to 5.03, above Avidxchange Holdings Inc average Quick Ratio.

Within Software & Programming industry 9 other companies have achieved higher Quick Ratio than Avidxchange Holdings Inc in first quarter 2025. While Quick Ratio total ranking in the first quarter 2025 has deteriorated compared to the prior quarter from 240 to 438.

Explain Quick Ratio?
How much Cash & cash equivalents AVDX´s has?
What are AVDX´s Current Liabilities?


AVDX Quick Ratio (Mar 31 2025)
Q1
(Dec 31 2024)
Q4
(Sep 30 2024)
Q3
(Jun 30 2024)
Q2
(Mar 31 2024)
Q1
Y / Y Current Liabilities Change 4.69 % -12.24 % -3.84 % -11.25 % -11.59 %
Y / Y Cash & cash equivalent Change -12.24 % -13.8 % -10.51 % 6.09 % 2.74 %
Quick Ratio MRQ 5.03 4.8 4.85 5.86 6
AVDX's Total Ranking # 438 # 240 # 494 # 483 # 0
Seq. Current Liabilities Change -4.66 % -0.28 % 2.49 % 7.44 % -20.07 %
Seq. Cash & cash equivalent Change -0.01 % -1.26 % -15.21 % 4.84 % -1.79 %



Quick Ratio first quarter 2025 Company Ranking
Within: No.
Software & Programming Industry # 10
Technology Sector # 47
Overall Market # 438


Quick Ratio Statistics
High Average Low
16.32 3.52 0
(Oct 31 2012)   (Sep 30 2017)




Financial Statements
Avidxchange Holdings Inc 's Current Liabilities $ 77 Millions Visit AVDX's Balance sheet
Avidxchange Holdings Inc 's Cash & cash equivalent $ 389 Millions Visit AVDX's Balance sheet
Source of AVDX's Sales Visit AVDX's Sales by Geography


Cumulative Avidxchange Holdings Inc 's Quick Ratio

AVDX's Quick Ratio for the trailling 12 Months

AVDX Quick Ratio

(Mar 31 2025)
12 Months
(Dec 31 2024)
12 Months
(Sep 30 2024)
12 Months
(Jun 30 2024)
12 Months
(Mar 31 2024)
12 Months
Y / Y Current Liabilities TTM Growth -6.22 % -9.8 % -9.93 % -12.62 % -9.2 %
Y / Y Cash & cash equivalent TTM Growth -7.68 % -3.98 % -1 % -2.13 % -7.25 %
Quick Ratio TTM 5.13 5.36 5.37 5.45 5.21
Total Ranking TTM # 3267 # 1864 # 3391 # 3461 # 0
Seq. Current Liabilities TTM Growth 1.1 % -3.46 % -0.98 % -2.96 % -2.77 %
Seq. Cash & cash equivalent TTM Growth -3.21 % -3.55 % -2.57 % 1.5 % 0.67 %


On the trailing twelve months basis Due to decrease in Current Liabilities in the Q1 2025 to $77.33 millions, cumulative Quick Ratio decreased to 5.13 above the AVDX average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 183 other companies have achieved higher Quick Ratio than Avidxchange Holdings Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2024 from 1864 to 3267.

Explain Quick Ratio?
How much Cash & cash equivalents AVDX´s has?
What are AVDX´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 184
Technology Sector # 581
Within the Market # 3267


trailing twelve months Quick Ratio Statistics
High Average Low
2.58 0.43 0.01
(Mar 31 2015)   (Sep 30 2017)




Companies with similar Quick Ratio in the quarter ending Mar 31 2025, within Software & Programming Industry Quick RatioMar 31 2025 MRQ Cash & cash equivalentMar 31 2025 MRQ Current Liabilities
Amesite Inc  13.55 $ 2.859  Millions$ 0.211  Millions
On24 Inc   11.70 $ 180.981  Millions$ 15.465  Millions
Mobileye Global inc   10.80 $ 1,512.000  Millions$ 140.000  Millions
Asset Entities Inc  9.15 $ 4.209  Millions$ 0.460  Millions
Red Violet Inc   6.79 $ 34.603  Millions$ 5.099  Millions
Cs Disco Inc   6.12 $ 118.811  Millions$ 19.410  Millions
Palantir Technologies Inc   5.61 $ 5,430.689  Millions$ 967.443  Millions
Grid Dynamics Holdings Inc   5.59 $ 325.547  Millions$ 58.200  Millions
Avidxchange Holdings Inc   5.03 $ 389.276  Millions$ 77.334  Millions
Cadence Design Systems Inc   4.87 $ 2,777.674  Millions$ 570.197  Millions
Mongodb Inc   4.86 $ 2,453.938  Millions$ 504.998  Millions
Klaviyo Inc   4.61 $ 888.432  Millions$ 192.824  Millions
Great Elm Group Inc   4.22 $ 31.528  Millions$ 7.468  Millions
Veeva Systems Inc   4.17 $ 6,068.417  Millions$ 1,456.613  Millions
Soundhound Ai Inc   4.09 $ 245.809  Millions$ 60.030  Millions
Okta Inc   3.71 $ 2,725.000  Millions$ 734.000  Millions
Confluent Inc   3.62 $ 1,916.577  Millions$ 529.868  Millions
Atlassian Corporation  3.48 $ 2,974.451  Millions$ 853.951  Millions
Firefly Neuroscience Inc   3.45 $ 9.545  Millions$ 2.768  Millions
Clearwater Analytics Holdings Inc   3.41 $ 282.854  Millions$ 82.951  Millions
Twilio Inc   3.37 $ 2,448.077  Millions$ 725.940  Millions
Corecard Corporation  3.32 $ 27.643  Millions$ 8.334  Millions
Meridianlink inc   3.28 $ 128.895  Millions$ 39.295  Millions
Destiny Media Technologies Inc   2.85 $ 1.247  Millions$ 0.437  Millions
Zedge Inc  2.80 $ 20.433  Millions$ 7.290  Millions
Marqeta Inc   2.79 $ 996.937  Millions$ 356.973  Millions
Shopify Inc   2.74 $ 5,514.000  Millions$ 2,009.000  Millions
Playstudios Inc   2.65 $ 107.097  Millions$ 40.385  Millions
Liveperson Inc   2.42 $ 176.254  Millions$ 72.807  Millions
Freshworks Inc   2.41 $ 995.321  Millions$ 413.499  Millions

Date modified: 2025-05-11T15:33:23+00:00



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