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Conduent Inc  (CNDT)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services

Conduent Inc's Quick Ratio

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


Conduent Inc's Cash & cash equivalent grew by 10.42 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Conduent Inc's Quick Ratio to 0.61, above Conduent Inc average Quick Ratio.

Within Professional Services industry 24 other companies have achieved higher Quick Ratio than Conduent Inc in forth quarter 2023. While Quick Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 535 to 996.

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


CNDT Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -12.24 % -13.72 % -11.17 % -9.07 % -7.33 %
Y / Y Cash & cash equivalent Change -14.43 % -21.84 % -3.66 % -10.54 % 40.24 %
Quick Ratio MRQ 0.61 0.56 0.63 0.62 0.63
CNDT's Total Ranking # 996 # 535 # 2202 # 2076 # 2216
Seq. Current Liabilities Change 0.62 % 1.26 % -5.58 % -8.78 % -1.07 %
Seq. Cash & cash equivalent Change 10.42 % -9.8 % -4.94 % -9.62 % 0.87 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Professional Services Industry # 25
Services Sector # 112
Overall Market # 996


Quick Ratio Statistics
High Average Low
0.76 0.47 0.2
(Jun 30 2018)   (Sep 30 2019)




Financial Statements
Conduent Inc's Current Liabilities $ 810 Millions Visit CNDT's Balance sheet
Conduent Inc's Cash & cash equivalent $ 498 Millions Visit CNDT's Balance sheet
Source of CNDT's Sales Visit CNDT's Sales by Geography


Cumulative Conduent Inc's Quick Ratio

CNDT's Quick Ratio for the trailling 12 Months

CNDT Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -12.24 % -13.72 % -11.17 % -9.07 % -7.33 %
Y / Y Cash & cash equivalent TTM Growth -14.43 % -21.84 % -3.66 % -10.54 % 40.24 %
Quick Ratio TTM 0.61 0.61 0.63 0.61 0.62
Total Ranking TTM # 1057 # 1818 # 1935 # 2108 # 2525
Seq. Current Liabilities TTM Growth 0.62 % 1.26 % -5.58 % -8.78 % -1.07 %
Seq. Cash & cash equivalent TTM Growth 10.42 % -9.8 % -4.94 % -9.62 % 0.87 %


On the trailing twelve months basis In spite of the year on year decrease in CNDT's Current Liabilities to $810.00 millions, cumulative Quick Ratio to 0.61 above the company average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Professional Services industry 77 other companies have achieved higher Quick Ratio than Conduent Inc. While Quick Ratio overall ranking has improved so far to 631, from total ranking during the twelve months ending third quarter 2023 at 1687.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Professional Services Industry # 78
Services Sector # 334
Within the Market # 996


trailing twelve months Quick Ratio Statistics
High Average Low
0.63 0.46 0.31
(Jun 30 2023)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Professional Services Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Etsy Inc   1.62 $ 1,150.441  Millions$ 710.781  Millions
Bridger Aerospace Group Holdings Inc   1.59 $ 36.937  Millions$ 23.245  Millions
Mays J W Inc  1.50 $ 2.857  Millions$ 1.898  Millions
Doordash Inc   1.20 $ 4,078.000  Millions$ 3,410.000  Millions
Resources Connection Inc   1.19 $ 95.773  Millions$ 80.481  Millions
Swk Holdings Corporation  1.15 $ 4.551  Millions$ 3.944  Millions
Akamai Technologies Inc   1.03 $ 864.439  Millions$ 836.038  Millions
Phreesia Inc   1.02 $ 87.520  Millions$ 85.613  Millions
Radware Ltd   1.01 $ 156.910  Millions$ 155.015  Millions
Altisource Portfolio Solutions S a   1.00 $ 32.522  Millions$ 32.565  Millions
Exlservice Holdings Inc   0.89 $ 290.834  Millions$ 326.403  Millions
Remitly Global Inc   0.88 $ 323.710  Millions$ 366.839  Millions
Trinet Group Inc  0.66 $ 1,621.000  Millions$ 2,463.000  Millions
Uber Technologies Inc   0.66 $ 6,212.000  Millions$ 9,454.000  Millions
Mercadolibre Inc   0.65 $ 7,328.000  Millions$ 11,297.000  Millions
Mastercard Incorporated  0.64 $ 10,433.000  Millions$ 16,264.000  Millions
Cass Information Systems Inc   0.63 $ 724.028  Millions$ 1,140.814  Millions
Robert Half Inc   0.63 $ 731.740  Millions$ 1,154.652  Millions
Conduent Inc  0.61 $ 498.000  Millions$ 810.000  Millions
Visa Inc   0.60 $ 13,591.000  Millions$ 22,634.000  Millions
Performant Financial Corporation  0.59 $ 7.333  Millions$ 12.380  Millions
Oculus Visiontech Inc   0.57 $ 0.157  Millions$ 0.274  Millions
Lyft Inc   0.57 $ 1,685.184  Millions$ 2,961.561  Millions
Rb Global Inc  0.56 $ 747.900  Millions$ 1,342.700  Millions
Trueblue Inc   0.55 $ 61.885  Millions$ 112.077  Millions
Getty Images Holdings Inc   0.53 $ 136.623  Millions$ 255.652  Millions
Insperity Inc   0.53 $ 766.181  Millions$ 1,436.289  Millions
Asgn Inc  0.47 $ 175.900  Millions$ 374.600  Millions
Wex Inc   0.47 $ 3,997.900  Millions$ 8,519.200  Millions
Fleetcor Technologies Inc   0.46 $ 3,141.535  Millions$ 6,825.753  Millions

Date modified: 2024-02-22T08:40:24+00:00



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