Avid Technology Inc Quick Ratio (AVID) starting from the third quarter 2023 to third quarter 2022, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Avid Technology Inc   (NASDAQ: AVID)
    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology

Avid Technology Inc 's Quick Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the third quarter 2023, Quick Ratio deteriorated to 0.16 below Avid Technology Inc 's average Quick Ratio.

Within Software & Programming industry 212 other companies have achieved higher Quick Ratio than Avid Technology Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 1983 to 4200.

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



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AVID Quick Ratio (Sep 30 2023)
Q3		 (Jun 30 2023)
Q2		 (Mar 31 2023)
Q1		 (Dec 31 2022)
Q4		 (Sep 30 2022)
Q3
Y / Y Current Liabilities Change 36.25 % 49.34 % 61.58 % 55.4 % -5.08 %
Y / Y Cash & cash equivalent Change -33.12 % -24.43 % -49.44 % -37.97 % -37.91 %
Quick Ratio MRQ 0.16 0.22 0.12 0.19 0.32
AVID's Total Ranking # 4200 # 1983 # 2819 # 1700 # 3546
Seq. Current Liabilities Change -14.22 % -8.3 % -7.56 % 87.39 % -5.99 %
Seq. Cash & cash equivalent Change -37.43 % 60.64 % -40.83 % 12.45 % -29.3 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 213
Technology Sector # 688
Overall Market # 4200


Quick Ratio Statistics
High Average Low
0.67 0.25 0.06
(Dec 31 2010)   (Dec 31 2015)




Financial Statements
Avid Technology Inc 's Current Liabilities $ 132 Millions Visit AVID's Balance sheet
Avid Technology Inc 's Cash & cash equivalent $ 21 Millions Visit AVID's Balance sheet
Source of AVID's Sales Visit AVID's Sales by Geography


Cumulative Avid Technology Inc 's Quick Ratio

AVID's Quick Ratio for the trailling 12 Months

AVID Quick Ratio

 (Sep 30 2023)
12 Months		 (Jun 30 2023)
12 Months		 (Mar 31 2023)
12 Months		 (Dec 31 2022)
12 Months		 (Sep 30 2022)
12 Months
Y / Y Current Liabilities TTM Growth 51.03 % 40.94 % 28.16 % 12.06 % -4.36 %
Y / Y Cash & cash equivalent TTM Growth -36.36 % -37.29 % -34.73 % -29.64 % -27.41 %
Quick Ratio TTM 0.17 0.2 0.24 0.31 0.41
Total Ranking TTM # 4058 # 2753 # 3999 # 1592 # 2838
Seq. Current Liabilities TTM Growth 5.85 % 9.26 % 13.18 % 15.39 % -1.22 %
Seq. Cash & cash equivalent TTM Growth -8.58 % -8.22 % -13.4 % -12.42 % -9.92 %

Quick ratio ranking by company, industry and sector >> Back to AVID Financial Strength Comparisons >> Go to Compare AVID Quick Ratio to its Competitors

On the trailing twelve months basis Due to fall in Current Liabilities in the Q3 2023 to $131.54 millions, cumulative Quick Ratio decreased to 0.17 below the Avid Technology Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 227 other companies have achieved higher Quick Ratio than Avid Technology Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 2753 to 4058.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 228
Technology Sector # 684
Within the Market # 4058


trailing twelve months Quick Ratio Statistics
High Average Low
0.38 0.23 0.07
(Dec 31 2020)   (Dec. 30, 2014)




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
Cognyte Software Ltd   0.44 $ 83.143  Millions$ 190.467  Millions
Progress Software Corp  0.43 $ 137.999  Millions$ 324.703  Millions
Good Gaming Inc   0.42 $ 0.223  Millions$ 0.531  Millions
Skillsoft Corp   0.40 $ 129.806  Millions$ 320.601  Millions
Firefly Neuroscience Inc   0.40 $ 0.877  Millions$ 2.183  Millions
Squarespace Inc   0.40 $ 216.464  Millions$ 545.434  Millions
Teradata Corporation  0.39 $ 348.000  Millions$ 885.000  Millions
Black Knight inc   0.38 $ 89.600  Millions$ 237.800  Millions
Vtex  0.36 $ 28.035  Millions$ 77.244  Millions
Intellinetics Inc   0.35 $ 1.689  Millions$ 4.805  Millions
Intuit Inc   0.35 $ 1,734.000  Millions$ 4,996.000  Millions
Umeworld Inc   0.34 $ 0.059  Millions$ 0.172  Millions
Inspired Entertainment Inc   0.34 $ 26.400  Millions$ 77.800  Millions
Red Cat Holdings Inc   0.32 $ 1.409  Millions$ 4.405  Millions
Netclass Technology Inc  0.31 $ 0.525  Millions$ 1.679  Millions
Audioeye Inc  0.30 $ 3.274  Millions$ 11.016  Millions
Secureworks Corp  0.29 $ 58.105  Millions$ 198.763  Millions
Datasea Inc  0.27 $ 1.219  Millions$ 4.470  Millions
Take two Interactive Software Inc   0.27 $ 801.900  Millions$ 3,000.100  Millions
Livento Group Inc   0.27 $ 0.190  Millions$ 0.712  Millions
Ai Unlimited Group Inc   0.26 $ 0.069  Millions$ 0.263  Millions
Braze Inc   0.24 $ 60.470  Millions$ 248.339  Millions
Paycom Software Inc   0.23 $ 484.028  Millions$ 2,069.910  Millions
Ss and c Technologies Holdings Inc   0.23 $ 449.900  Millions$ 1,989.100  Millions
Appgate Inc   0.20 $ 3.584  Millions$ 18.115  Millions
World Health Energy Holdings Inc   0.19 $ 0.136  Millions$ 0.705  Millions
Elys Game Technology Corp   0.19 $ 2.551  Millions$ 13.316  Millions
Nayax Ltd   0.19 $ 38.386  Millions$ 203.782  Millions
Vertex Inc   0.19 $ 81.122  Millions$ 433.106  Millions
Zapata Quantum Inc   0.18 $ 0.157  Millions$ 0.867  Millions

Date modified: 2026-09-08T15:11:05+00:00



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