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Corpay Inc  (CPAY)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services

ay Inc's Quick Ratio

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


In the wake of the increase in Current Liabilities in the second quarter 2024, Quick Ratio fell to 0.45 above Corpay Inc average.

Within Professional Services industry 35 other companies have achieved higher Quick Ratio than ay Inc in second quarter 2024. While Quick Ratio total ranking in the second quarter 2024 has deteriorated compared to the prior quarter from 825 to 1197.

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


CPAY Quick Ratio (Jun 30 2024)
II. Quarter
(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
Y / Y Current Liabilities Change 21.86 % 12.05 % 12.94 % 1.51 % 35.59 %
Y / Y Cash & cash equivalent Change 30.84 % 41.12 % 37.23 % 0.64 % 15.06 %
Quick Ratio MRQ 0.45 0.46 0.46 0.34 0.42
CPAY's Total Ranking # 1197 # 825 # 883 # 1008 # 933
Seq. Current Liabilities Change 12.83 % 1.83 % 1.3 % 4.7 % 3.75 %
Seq. Cash & cash equivalent Change 10.76 % 1.95 % 35.67 % -14.6 % 19.47 %



Quick Ratio second quarter 2024 Company Ranking
Within: No.
Professional Services Industry # 36
Services Sector # 145
Overall Market # 1197


Quick Ratio Statistics
High Average Low
0.64 0.33 0.17
(Dec 31 2021)   (Jun 30 2014)




Financial Statements
ay Inc's Current Liabilities $ 7,843 Millions Visit CPAY's Balance sheet
ay Inc's Cash & cash equivalent $ 3,547 Millions Visit CPAY's Balance sheet
Source of CPAY's Sales Visit CPAY's Sales by Geography


Cumulative ay Inc's Quick Ratio

CPAY's Quick Ratio for the trailling 12 Months

CPAY Quick Ratio

(Jun 30 2024)
II. Quarter
(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
Y / Y Current Liabilities TTM Growth 21.86 % 12.05 % 12.94 % 1.51 % 35.59 %
Y / Y Cash & cash equivalent TTM Growth 30.84 % 41.12 % 37.23 % 0.64 % 15.06 %
Quick Ratio TTM 0.43 0.42 0.4 0.38 0.38
Total Ranking TTM # 1711 # 698 # 1355 # 1371 # 1382
Seq. Current Liabilities TTM Growth 12.83 % 1.83 % 1.3 % 4.7 % 3.75 %
Seq. Cash & cash equivalent TTM Growth 10.76 % 1.95 % 35.67 % -14.6 % 19.47 %


On the trailing twelve months basis CPAY Cash & cash equivalent grew by 30.84 % in II Quarter 2024 year on year, faster than Current Liabilities, this led to increase in in ay Inc's Quick Ratio to 0.43, above CPAY average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Professional Services industry 65 other companies have achieved higher Quick Ratio than ay Inc. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2024 from 698 to 1711.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Professional Services Industry # 66
Services Sector # 271
Within the Market # 1711


trailing twelve months Quick Ratio Statistics
High Average Low
0.43 0.29 0.18
(Jun 30 2024)   (Sep. 30, 2014)




Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Professional Services Industry Quick RatioJun 30 2024 MRQ Cash & cash equivalentJun 30 2024 MRQ Current Liabilities
Doordash Inc   1.21 $ 4,854.000  Millions$ 4,028.000  Millions
Augmedix Inc   1.18 $ 28.220  Millions$ 23.995  Millions
Hudson Global Inc   1.15 $ 14.664  Millions$ 12.734  Millions
Phreesia Inc   1.03 $ 81.798  Millions$ 79.640  Millions
Bridger Aerospace Group Holdings Inc   0.99 $ 22.545  Millions$ 22.773  Millions
Piedmont Office Realty Trust Inc   0.98 $ 138.454  Millions$ 140.793  Millions
Exlservice Holdings Inc   0.96 $ 276.136  Millions$ 286.862  Millions
Akamai Technologies Inc  0.84 $ 1,637.274  Millions$ 1,945.876  Millions
Wns holdings Limited  0.83 $ 308.587  Millions$ 371.163  Millions
Paid Inc   0.73 $ 1.504  Millions$ 2.067  Millions
Performant Financial Corporation  0.73 $ 10.424  Millions$ 14.372  Millions
Acv Auctions Inc   0.72 $ 272.647  Millions$ 377.807  Millions
Uber Technologies Inc   0.69 $ 7,068.000  Millions$ 10,318.000  Millions
Cross Country Healthcare Inc  0.64 $ 69.601  Millions$ 108.030  Millions
Sezzle Inc   0.63 $ 58.026  Millions$ 91.947  Millions
Mercadolibre Inc   0.61 $ 7,896.000  Millions$ 12,914.000  Millions
Spar Group Inc   0.59 $ 21.695  Millions$ 36.942  Millions
Visa Inc   0.57 $ 12,947.000  Millions$ 22,612.000  Millions
Nutex Health Inc   0.57 $ 40.808  Millions$ 71.658  Millions
Mastercard Incorporated  0.56 $ 8,768.000  Millions$ 15,594.000  Millions
  0.55 $ 9.825  Millions$ 17.731  Millions
Insperity Inc   0.55 $ 756.000  Millions$ 1,383.000  Millions
Fidelity National Information Services Inc   0.54 $ 2,131.000  Millions$ 3,922.000  Millions
Remitly Global Inc   0.54 $ 185.187  Millions$ 341.846  Millions
Lyft Inc   0.49 $ 1,800.327  Millions$ 3,640.838  Millions
Rb Global Inc  0.49 $ 745.600  Millions$ 1,518.200  Millions
Sunrise Real Estate Group Inc  0.48 $ 42.918  Millions$ 89.489  Millions
Getty Images Holdings Inc   0.47 $ 121.702  Millions$ 256.422  Millions
Trinet Group Inc   0.46 $ 1,142.000  Millions$ 2,463.000  Millions
Fair Isaac Corp  0.46 $ 156.043  Millions$ 337.216  Millions

Date modified: 2024-08-13T03:33:30+00:00



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