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Flexshopper Inc   (FPAY)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services

Flexshopper Inc 's Quick Ratio

FPAY'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 0.73 below Flexshopper Inc 's average Quick Ratio.

Within Rental & Leasing industry 6 other companies have achieved higher Quick Ratio than Flexshopper Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 811 to 2002.

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


FPAY Quick Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change -14.41 % -31.09 % 13.63 % -2.85 % -25.7 %
Y / Y Cash & cash equivalent Change -82.01 % 14.37 % 241.96 % 665.2 % 912.28 %
Quick Ratio MRQ 0.73 3.87 4.62 3.19 3.46
FPAY's Total Ranking # 2002 # 811 # 738 # 960 # 1039
Seq. Current Liabilities Change -3.07 % -4.21 % -30.61 % 32.86 % -21.96 %
Seq. Cash & cash equivalent Change -81.79 % -19.66 % 0.5 % 22.34 % 15.78 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Rental & Leasing Industry # 7
Services Sector # 206
Overall Market # 2002


Quick Ratio Statistics
High Average Low
7.47 1.54 0.07
(Sep 30 2014)   (Dec 31 2011)




Financial Statements
Flexshopper Inc 's Current Liabilities $ 8 Millions Visit FPAY's Balance sheet
Flexshopper Inc 's Cash & cash equivalent $ 6 Millions Visit FPAY's Balance sheet
Source of FPAY's Sales Visit FPAY's Sales by Geography


Cumulative Flexshopper Inc 's Quick Ratio

FPAY's Quick Ratio for the trailling 12 Months

FPAY Quick Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth -14.41 % -31.09 % 13.63 % -2.85 % -25.7 %
Y / Y Cash & cash equivalent TTM Growth -82.01 % 14.37 % 241.96 % 665.2 % 912.28 %
Quick Ratio TTM 3.14 3.72 3.3 2.7 1.85
Total Ranking TTM # 3562 # 2943 # 3505 # 908 # 3822
Seq. Current Liabilities TTM Growth -3.07 % -4.21 % -30.61 % 32.86 % -21.96 %
Seq. Cash & cash equivalent TTM Growth -81.79 % -19.66 % 0.5 % 22.34 % 15.78 %


On the trailing twelve months basis In spite of the year on year decrease in FPAY's Current Liabilities to $7.88 millions, cumulative Quick Ratio to 3.14 above the company average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Rental & Leasing industry 11 other companies have achieved higher Quick Ratio than Flexshopper Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 2943 to 3562.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Rental & Leasing Industry # 12
Services Sector # 465
Within the Market # 3562


trailing twelve months Quick Ratio Statistics
High Average Low
4.61 1.42 0.17
(March 31, 2015)   (Jun 30 2018)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Rental & Leasing Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Katapult Holdings Inc   1.73 $ 32.278  Millions$ 18.606  Millions
Aercap Holdings n v   0.91 $ 1,627.181  Millions$ 1,793.058  Millions
Flexshopper Inc   0.73 $ 5.732  Millions$ 7.878  Millions
Ftai Aviation Ltd   0.49 $ 52.879  Millions$ 108.579  Millions
Triton International Limited  0.45 $ 55.000  Millions$ 122.746  Millions
Air Lease Corporation  0.37 $ 515.734  Millions$ 1,400.890  Millions
Getaround Inc   0.32 $ 22.164  Millions$ 68.578  Millions
Upbound Group Inc   0.24 $ 105.726  Millions$ 431.976  Millions
Avis Budget Group Inc   0.21 $ 572.000  Millions$ 2,763.000  Millions
The Aarons Company Inc   0.16 $ 39.313  Millions$ 253.400  Millions

Date modified: 2023-11-16T15:51:03+00:00



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