In the wake of the increase in Current Liabilities in the third quarter 2023, Quick Ratio fell to 1.19 below Avantax Inc average.

Within Miscellaneous Financial Services industry 43 other companies have achieved higher Quick Ratio than Avantax Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 1507 to 1780.

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AVTA 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	43.45 %	-10.94 %	26.68 %	22.95 %	-45.25 %
Y / Y Cash & cash equivalent Change	16.83 %	-35.91 %	0.51 %	162.28 %	-50.73 %
Quick Ratio MRQ	1.19	1.39	0.99	1.57	1.46
AVTA's Total Ranking	# 1780	# 1507	# 1395	# 519	# 1054
Seq. Current Liabilities Change	13.69 %	-46.15 %	-12.65 %	168.24 %	-29.41 %
Seq. Cash & cash equivalent Change	-3.06 %	-24.26 %	-45.08 %	189.7 %	-46.82 %

Quick Ratio third quarter 2023 Company Ranking
Within:	No.
Miscellaneous Financial Services Industry	# 44
Financial Sector	# 263
Overall Market	# 1780

Quick Ratio Statistics
High	Average	Low
7.49	2.31	0.45
(Dec 31 2011)		(Dec 31 2015)

Financial Statements
Avantax Inc 's Current Liabilities	$ 90 Millions	Visit AVTA's Balance sheet
Avantax Inc 's Cash & cash equivalent	$ 106 Millions	Visit AVTA's Balance sheet
Source of AVTA's Sales		Visit AVTA's Sales by Geography

Cumulative Avantax Inc 's Quick Ratio

AVTA's Quick Ratio for the trailling 12 Months

AVTA 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	19.75 %	0.18 %	-4.35 %	-12.17 %	-18.38 %
Y / Y Cash & cash equivalent TTM Growth	23.23 %	1.45 %	1.37 %	-5.53 %	-33.19 %
Quick Ratio TTM	1.29	1.34	1.44	1.54	1.26
Total Ranking TTM	# 4191	# 1227	# 936	# 892	# 3846
Seq. Current Liabilities TTM Growth	5.96 %	-2.08 %	7.1 %	7.77 %	-11.36 %
Seq. Cash & cash equivalent TTM Growth	2.51 %	-9.16 %	0.11 %	32.19 %	-15.61 %

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

On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2023 to $89.76 millions, cumulative Quick Ratio decreased to 1.29 below the Avantax Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Miscellaneous Financial Services industry 41 other companies have achieved higher Quick Ratio than Avantax Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 1227 to 4191.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Miscellaneous Financial Services Industry	# 42
Financial Sector	# 256
Within the Market	# 4191

trailing twelve months Quick Ratio Statistics
High	Average	Low
4.43	1.79	0.65
(Sep 30 2015)		(Dec 31 2016)

Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Miscellaneous Financial Services Industry	Quick Ratio	Sep 30 2023 MRQ Cash & cash equivalent	Sep 30 2023 MRQ Current Liabilities
X Financial	3.01	$ 408.150 Millions	$ 135.395 Millions
Cnfinance Holdings Limited	2.89	$ 382.926 Millions	$ 132.652 Millions
Lendingtree inc	2.47	$ 175.583 Millions	$ 71.046 Millions
Moneylion Inc	2.05	$ 94.266 Millions	$ 45.986 Millions
Btcs Inc	1.48	$ 0.853 Millions	$ 0.578 Millions
Cleanspark Inc	1.42	$ 105.174 Millions	$ 74.055 Millions
Usbc Inc	1.38	$ 8.024 Millions	$ 5.823 Millions
Dave Inc	1.30	$ 45.246 Millions	$ 34.881 Millions
Amtd Digital Inc	1.25	$ 136.007 Millions	$ 108.666 Millions
Oppfi Inc	1.22	$ 31.125 Millions	$ 25.472 Millions
Avantax Inc	1.19	$ 106.435 Millions	$ 89.763 Millions
Hut 8 Corp	1.13	$ 12.744 Millions	$ 11.277 Millions
Prosper Marketplace Inc	1.05	$ 39.524 Millions	$ 37.532 Millions
Bitmine Immersion Technologies Inc	1.05	$ 0.271 Millions	$ 0.259 Millions
Sprott Inc	0.90	$ 21.847 Millions	$ 24.237 Millions
Abits Group Inc	0.88	$ 0.884 Millions	$ 1.006 Millions
Decentral Life Inc	0.87	$ 0.078 Millions	$ 0.090 Millions
Security National Financial Corporation	0.79	$ 740.507 Millions	$ 943.140 Millions
Amtd Idea Group	0.77	$ 120.234 Millions	$ 157.060 Millions
Z Squared Inc	0.63	$ 1.412 Millions	$ 2.224 Millions
Pineapple Financial Inc	0.61	$ 0.720 Millions	$ 1.174 Millions
Bitcoin Depot Inc	0.61	$ 30.127 Millions	$ 49.412 Millions
Jiayin Group Inc	0.56	$ 52.141 Millions	$ 93.476 Millions
180 Life Sciences Corp	0.55	$ 2.663 Millions	$ 4.807 Millions
Cipher Digital Inc	0.54	$ 20.928 Millions	$ 38.893 Millions
Gpgi Inc	0.45	$ 23.817 Millions	$ 52.869 Millions
Shf Holdings Inc	0.45	$ 8.967 Millions	$ 19.970 Millions
Loandepot Inc	0.41	$ 806.530 Millions	$ 1,947.601 Millions
Bitfufu Inc	0.37	$ 32.005 Millions	$ 86.360 Millions
Aixcrypto Holdings Inc	0.35	$ 2.074 Millions	$ 5.957 Millions

Date modified: 2026-09-12T06:11:26+00:00

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