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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


Avidxchange Holdings Inc 's Cash & cash equivalent grew by 0.51 % in the III Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Avidxchange Holdings Inc 's Quick Ratio to 5.21, above Avidxchange Holdings Inc average Quick Ratio.

Within Software & Programming industry 11 other companies have achieved higher Quick Ratio than Avidxchange Holdings Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 465 to 515.

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


AVDX Quick 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 Current Liabilities Change -14.96 % 3.63 % 1.47 % 19.53 % 13.55 %
Y / Y Cash & cash equivalent Change -13.33 % -14.23 % -17.54 % -17.99 % 236.79 %
Quick Ratio MRQ 5.21 4.9 5.17 4.38 5.11
AVDX's Total Ranking # 515 # 465 # 561 # 315 # 790
Seq. Current Liabilities Change -5.41 % 7.03 % -20.78 % 6.04 % 15.27 %
Seq. Cash & cash equivalent Change 0.51 % 1.53 % -6.46 % -9.21 % -0.53 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 12
Technology Sector # 46
Overall Market # 515


Quick Ratio Statistics
High Average Low
16.32 3.2 0
(Oct 31 2012)   (Sep 30 2017)




Financial Statements
Avidxchange Holdings Inc 's Current Liabilities $ 85 Millions Visit AVDX's Balance sheet
Avidxchange Holdings Inc 's Cash & cash equivalent $ 441 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 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 Current Liabilities TTM Growth -14.96 % 3.63 % 1.47 % 19.53 % 13.55 %
Y / Y Cash & cash equivalent TTM Growth -13.33 % -14.23 % -17.54 % -17.99 % 236.79 %
Quick Ratio TTM 4.88 4.87 5.1 5.37 5.91
Total Ranking TTM # 2363 # 2419 # 2619 # 2879 # 2755
Seq. Current Liabilities TTM Growth -5.41 % 7.03 % -20.78 % 6.04 % 15.27 %
Seq. Cash & cash equivalent TTM Growth 0.51 % 1.53 % -6.46 % -9.21 % -0.53 %


On the trailing twelve months basis Current Liabilities decreased faster than Avidxchange Holdings Inc 's average Cash & cash equivalent, this led to increase in in Avidxchange Holdings Inc 's Quick Ratio to 4.88, above AVDX average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 222 other companies have achieved higher Quick Ratio than Avidxchange Holdings Inc . While Quick Ratio overall ranking has improved so far to 2958, from total ranking during the twelve months ending second quarter 2023 at 3997.

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 # 223
Technology Sector # 675
Within the Market # 515


trailing twelve months Quick Ratio Statistics
High Average Low
2.58 0.45 0.01
(Mar 31 2015)   (Sep 30 2017)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Software & Programming Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Red Violet Inc   9.96 $ 34.210  Millions$ 3.436  Millions
Great Elm Group Inc   7.78 $ 41.077  Millions$ 5.280  Millions
Upland Software Inc   7.59 $ 239.591  Millions$ 31.583  Millions
Foresight Autonomous Holdings Ltd   7.49 $ 16.109  Millions$ 2.152  Millions
Cs Disco Inc   7.48 $ 157.652  Millions$ 21.083  Millions
Okta Inc   7.42 $ 2,130.000  Millions$ 287.000  Millions
C3 ai Inc   6.68 $ 762.269  Millions$ 114.154  Millions
Engagesmart Inc   6.19 $ 366.034  Millions$ 59.117  Millions
Klaviyo Inc   6.05 $ 723.415  Millions$ 119.655  Millions
Beamr Imaging Ltd   5.99 $ 6.116  Millions$ 1.021  Millions
Clear Secure Inc   5.83 $ 736.566  Millions$ 126.381  Millions
Full Truck Alliance Co Ltd   5.58 $ 2,575.698  Millions$ 461.227  Millions
Shopify Inc   5.58 $ 5,008.000  Millions$ 898.000  Millions
Twilio Inc   5.31 $ 3,857.409  Millions$ 726.117  Millions
Avidxchange Holdings Inc   5.21 $ 440.575  Millions$ 84.588  Millions
Veeva Systems Inc   5.13 $ 3,942.282  Millions$ 768.250  Millions
Destiny Media Technologies Inc   4.94 $ 2.035  Millions$ 0.412  Millions
Grid Dynamics Holdings Inc   4.84 $ 253.713  Millions$ 52.470  Millions
Palantir Technologies Inc   4.77 $ 3,283.574  Millions$ 688.925  Millions
Clearwater Analytics Holdings Inc   4.52 $ 285.233  Millions$ 63.139  Millions
Soundhound Ai Inc   4.49 $ 96.146  Millions$ 21.408  Millions
Marqeta Inc   4.40 $ 1,304.944  Millions$ 296.867  Millions
Varonis Systems Inc   4.34 $ 525.087  Millions$ 121.108  Millions
Confluent Inc   4.30 $ 1,872.792  Millions$ 435.460  Millions
Perfect Corp   4.30 $ 124.182  Millions$ 28.900  Millions
Fastly Inc   4.18 $ 428.355  Millions$ 102.552  Millions
Iveda Solutions Inc   4.16 $ 5.565  Millions$ 1.339  Millions
Atlassian Corporation  4.16 $ 2,237.828  Millions$ 538.538  Millions
Bigcommerce Holdings Inc   4.11 $ 265.369  Millions$ 64.519  Millions
Alarm com Holdings Inc   3.96 $ 679.969  Millions$ 171.917  Millions

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



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