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Dividend Comparisons

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

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Quick Ratio ▼

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 %

New: More AVDX's historic Quick Ratios >>

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 %

AVDX Company Profile >> Back to AVDX Financial Strength Comparisons >> Go to Compare AVDX Quick Ratio to its Competitors

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 Ratio	Sep 30 2022 MRQ Cash & cash equivalent	Sep 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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