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Avidxchange Holdings Inc   (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




AVDX Quick Ratio (Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
Y / Y Current Liabilities Change 13.55 % 2748.21 % 2896.03 % 3184.1 % 1984.15 %
Y / Y Cash & cash equivalent Change 236.79 % 820912.72 % 1694546.56 % 209954.94 % 223044.7 %
Quick Ratio MRQ 5.11 5.92 6.36 6.38 1.72
Overall Ranking # # # # #
Seq. Current Liabilities Change 15.27 % 4.8 % -6.68 % 0.73 % 2791.25 %
Seq. Cash & cash equivalent Change -0.53 % -2.39 % -6.97 % 272.86 % 242388.11 %



Quick Ratio third quarter 2022 Comment
Due to increase in Current Liabilities in the third quarter 2022, Quick Ratio fell to 5.11 above Avidxchange Holdings Inc average.

Within Software & Programming industry Avidxchange Holdings Inc booked the highest Quick Ratio than Avidxchange Holdings Inc in the third quarter 2022. While total ranking remained unchanged compare to previous quarter at no. .

Explain Quick Ratio?
What are AVDX Segments?
See Quick Ratio AVDX on the trailing twelve month basis
Quick Ratio third quarter 2022 Company Ranking
Within: No.
Software & Programming Industry #
Technology Sector #
Overall Market #


Quick Ratio Statistics
High Average Low
0 0 0
 




Financial Statements
Avidxchange Holdings Inc 's Current Liabilities $ 99 Millions Visit AVDX's Balance sheet
Avidxchange Holdings Inc 's Cash & cash equivalent $ 508 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

(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
Y / Y Current Liabilities TTM Growth 13.55 % 2748.21 % 2896.03 % 3184.1 % 1984.15 %
Y / Y Cash & cash equivalent TTM Growth 236.79 % 820912.72 % 1694546.56 % 209954.94 % 223044.7 %
Quick Ratio TTM 5.91 5.08 4.74 3.93 1.58
Total Ranking TTM # 840 # 2911 # 3439 # 3531 # 3627
Seq. Current Liabilities TTM Growth 15.27 % 4.8 % -6.68 % 0.73 % 2791.25 %
Seq. Cash & cash equivalent TTM Growth -0.53 % -2.39 % -6.97 % 272.86 % 242388.11 %


TTM Quick Ratio Comment
On the trailing twelve months basis AVDX Cash & cash equivalent average more than doubled by 236.79 % in III. Quarter year on year, faster than Current Liabilities, this led to increase in in Avidxchange Holdings Inc 's Quick Ratio to 5.91, Quick Ratio remained below AVDX average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operatig within Software & Programming industry 55 other companies have achieved higher Quick Ratio than Avidxchange Holdings Inc . While overall ranking remained unchanged compare to previous quarter at no. 840.

Explain Quick Ratio?
What are AVDX Segments?
See Quick Ratio AVDX on the trailing twelve month basis

TTM Quick Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 56
Technology Sector # 145
Within the Market # 840


TTM Quick Ratio Statistics
High Average Low
0.47 0.34 0.16
(Sep 30 2022)   (Sep 30 2021)




Companies with similar Quick Ratio in the quarter ending Sep 30 2022, within Software & Programming Industry Quick RatioSep 30 2022 MRQ Cash & cash equivalentSep 30 2022 MRQ Current Liabilities
Amesite Inc   10.87 $ 8.084  Millions$ 0.744  Millions
Clearwater Analytics Holdings Inc   9.65 $ 291.523  Millions$ 30.209  Millions
Cs Disco Inc   9.57 $ 213.122  Millions$ 22.279  Millions
Red Violet Inc   9.28 $ 31.273  Millions$ 3.371  Millions
Playstudios Inc   8.92 $ 212.069  Millions$ 23.762  Millions
Grid Dynamics Holdings Inc   8.07 $ 255.188  Millions$ 31.637  Millions
Clear Secure Inc   7.91 $ 671.387  Millions$ 84.855  Millions
Everbridge Inc   7.72 $ 486.906  Millions$ 63.085  Millions
Varonis Systems Inc   6.86 $ 790.351  Millions$ 115.239  Millions
Nerdy Inc   6.85 $ 106.382  Millions$ 15.522  Millions
Alkami Technology Inc   6.66 $ 208.851  Millions$ 31.365  Millions
Marqeta Inc   6.61 $ 1,653.789  Millions$ 250.234  Millions
Engagesmart Inc   6.28 $ 293.456  Millions$ 46.756  Millions
Duck Creek Technologies Inc   6.16 $ 273.088  Millions$ 44.324  Millions
Fastly Inc   5.56 $ 532.945  Millions$ 95.873  Millions
Confluent Inc   5.12 $ 1,939.719  Millions$ 378.646  Millions
Avidxchange Holdings Inc   5.11 $ 508.357  Millions$ 99.468  Millions
Twilio Inc   4.87 $ 4,208.545  Millions$ 864.173  Millions
Upland Software Inc   4.84 $ 241.720  Millions$ 49.937  Millions
Cloudflare Inc   4.82 $ 1,636.262  Millions$ 339.287  Millions
Bigcommerce Holdings Inc   4.82 $ 306.743  Millions$ 63.637  Millions
Destiny Media Technologies Inc   4.66 $ 2.129  Millions$ 0.457  Millions
Freshworks Inc   4.56 $ 1,151.531  Millions$ 252.354  Millions
Quantum Computing Inc   4.50 $ 10.438  Millions$ 2.320  Millions
Forgerock Inc   4.47 $ 138.542  Millions$ 31.017  Millions
Leafly Holdings Inc   4.31 $ 27.829  Millions$ 6.451  Millions
Alarm com Holdings Inc   4.11 $ 621.347  Millions$ 151.141  Millions
3d Systems Corporation  4.00 $ 609.394  Millions$ 152.373  Millions
Atlassian Corporation  3.94 $ 1,523.108  Millions$ 386.231  Millions
Duolingo Inc   3.86 $ 599.967  Millions$ 155.630  Millions

Date modified: 2022-11-09T12:42:16+00:00

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