Regardless of the sequential decrease in Current Liabilities, during the second quarter 2020, Quick Ratio deteriorated to 0.29 below Counterpath's average Quick Ratio.

Within Software & Programming industry 167 other companies have achieved higher Quick Ratio than Counterpath in second quarter 2020. While Quick Ratio total ranking in the second quarter 2020 has deteriorated compared to the prior quarter from 3462 to 3495.

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CPAH Quick Ratio	(Oct 31 2020) Q2	(Jul 31 2020) Q1	(Apr 30 2020) Q4	(Jan 31 2020) Q3	(Oct 31 2019) Q2
Y / Y Current Liabilities Change	65.37 %	75.62 %	69.53 %	-1.96 %	-1.7 %
Y / Y Cash & cash equivalent Change	33.83 %	118.49 %	30.65 %	1.15 %	0.25 %
Quick Ratio MRQ	0.29	0.3	0.23	0.35	0.36
CPAH's Total Ranking	# 3495	# 3462	# 3016	# 2778	# 2179
Seq. Current Liabilities Change	-3.69 %	-16.48 %	107.05 %	-0.7 %	2.28 %
Seq. Cash & cash equivalent Change	-7.26 %	9.9 %	37.87 %	-4.77 %	51.41 %

Quick Ratio second quarter 2020 Company Ranking
Within:	No.
Software & Programming Industry	# 168
Technology Sector	# 578
Overall Market	# 3495

Quick Ratio Statistics
High	Average	Low
2.74	0.98	0.23
(Apr 30 2013)		(Apr 30 2020)

Financial Statements
Counterpath's Current Liabilities	$ 8 Millions	Visit CPAH's Balance sheet
Counterpath's Cash & cash equivalent	$ 2 Millions	Visit CPAH's Balance sheet
Source of CPAH's Sales		Visit CPAH's Sales by Geography

Cumulative Counterpath's Quick Ratio

CPAH's Quick Ratio for the trailling 12 Months

CPAH Quick Ratio	(Oct 31 2020) 12 Months	(Jul 31 2020) 12 Months	(Apr 30 2020) 12 Months	(Jan 31 2020) 12 Months	(Oct 31 2019) 12 Months
Y / Y Current Liabilities TTM Growth	52.73 %	36.62 %	18.34 %	3.82 %	7.41 %
Y / Y Cash & cash equivalent TTM Growth	39.91 %	30.62 %	-0.79 %	-14.26 %	-26.73 %
Quick Ratio TTM	0.29	0.3	0.28	0.31	0.31
Total Ranking TTM	# 4636	# 2757	# 4648	# 2050	# 4534
Seq. Current Liabilities TTM Growth	11.34 %	14.71 %	20.16 %	-0.47 %	-0.41 %
Seq. Cash & cash equivalent TTM Growth	7.19 %	19.93 %	8.51 %	0.3 %	0.07 %

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

On the trailing twelve months basis Due to decrease in Current Liabilities in the Q2 2020 to $8.44 millions, cumulative Quick Ratio decreased to 0.29 below the Counterpath Corp average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 169 other companies have achieved higher Quick Ratio than Counterpath. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2020 from 2757 to 4636.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Software & Programming Industry	# 170
Technology Sector	# 610
Within the Market	# 4636

trailing twelve months Quick Ratio Statistics
High	Average	Low
2.34	0.75	0.28
(Dec. 30, 2013)		(Apr 30 2020)

Companies with similar Quick Ratio in the quarter ending Oct 31 2020, within Software & Programming Industry	Quick Ratio	Oct 31 2020 MRQ Cash & cash equivalent	Oct 31 2020 MRQ Current Liabilities
Sharplink Inc	0.80	$ 2.507 Millions	$ 3.124 Millions
Tenable Holdings Inc	0.80	$ 269.107 Millions	$ 338.290 Millions
Mimecast Limited	0.79	$ 230.708 Millions	$ 290.821 Millions
Talend S a	0.79	$ 160.527 Millions	$ 204.306 Millions
Salesforce Inc	0.78	$ 9,492.000 Millions	$ 12,234.000 Millions
Cloudera Inc	0.76	$ 394.825 Millions	$ 520.747 Millions
Dropbox Inc	0.75	$ 773.800 Millions	$ 1,026.900 Millions
Block Inc	0.75	$ 2,881.242 Millions	$ 3,825.711 Millions
Mobileiron Inc	0.71	$ 89.824 Millions	$ 126.876 Millions
Secureworks Corp	0.67	$ 188.048 Millions	$ 282.618 Millions
Freeze Tag Inc	0.66	$ 0.529 Millions	$ 0.802 Millions
Gse Systems Inc	0.65	$ 7.660 Millions	$ 11.773 Millions
Docusign Inc	0.65	$ 598.574 Millions	$ 923.100 Millions
Teradata Corporation	0.60	$ 533.000 Millions	$ 895.000 Millions
Autodesk Inc	0.57	$ 1,615.500 Millions	$ 2,811.600 Millions
Bentley Systems Incorporated	0.57	$ 137.598 Millions	$ 240.231 Millions
Avaya Holdings Corp	0.57	$ 727.000 Millions	$ 1,277.000 Millions
Synopsys Inc	0.56	$ 1,235.653 Millions	$ 2,195.333 Millions
Avid Technology Inc	0.56	$ 49.142 Millions	$ 87.618 Millions
Baijiayun Group Ltd	0.56	$ 18.532 Millions	$ 33.103 Millions
Playstudios Inc	0.56	$ 0.146 Millions	$ 0.263 Millions
Qumu Corporation	0.55	$ 11.352 Millions	$ 20.528 Millions
Datasea Inc	0.55	$ 0.720 Millions	$ 1.303 Millions
Dynatrace Inc	0.55	$ 248.437 Millions	$ 451.535 Millions
Domo Inc	0.53	$ 83.813 Millions	$ 157.911 Millions
Netease Inc	0.48	$ 3,431.455 Millions	$ 7,113.048 Millions
Citrix Systems Inc.	0.48	$ 924.781 Millions	$ 1,920.827 Millions
3d Systems Corporation	0.47	$ 75.264 Millions	$ 160.428 Millions
Ptc Inc	0.44	$ 303.587 Millions	$ 689.856 Millions
Inspired Entertainment Inc	0.44	$ 43.900 Millions	$ 100.700 Millions

Date modified: 2026-08-29T17:12:27+00:00

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