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New Relic Inc   (NEWR)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

New Relic Inc 's Working Capital Ratio

NEWR's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


New Relic Inc 's Current Assets grew by 0.14 % in the II Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in New Relic Inc 's Working Capital Ratio to 1.58, Working Capital Ratio remained below New Relic Inc average.

Within Software & Programming industry 124 other companies have achieved higher Working Capital Ratio than New Relic Inc in second quarter 2023. While Working Capital Ratio total ranking has improved so far during the II Quarter 2023 to 2724, from total ranking in the first quarter 2023 at 3091.

Explain Working Capital Ratio
How much in Current Assets NEWR´s has?
What is the value of NEWR´s Current Liabilities?


NEWR Working Capital Ratio (Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Current Liabilities Change -56.14 % -53.65 % 91.73 % 122.81 % 147.7 %
Y / Y Current Assets Change -37.08 % -39.4 % 3.47 % 2.73 % 5.15 %
Working Capital Ratio MRQ 1.58 1.42 1.16 1.15 1.1
NEWR's Total Ranking # 2724 # 3091 # 3661 # 4079 # 4430
Seq. Current Liabilities Change -9.98 % -55.63 % 9.62 % 0.17 % -4.86 %
Seq. Current Assets Change 0.14 % -45.77 % 10.66 % 4.71 % -3.55 %



Working Capital Ratio second quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 125
Technology Sector # 428
Overall Market # 2721


Working Capital Ratio Statistics
High Average Low
26.37 4.55 1.08
(Jun 30 2018)   (Jun 30 2022)




Financial Statements
New Relic Inc 's Current Liabilities $ 395 Millions Visit NEWR's Balance sheet
New Relic Inc 's Current Assets $ 623 Millions Visit NEWR's Balance sheet
Source of NEWR's Sales Visit NEWR's Sales by Geography


Cumulative New Relic Inc 's Working Capital Ratio

NEWR's Working Capital Ratio for the trailling 12 Months

NEWR Working Capital Ratio

(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth -56.14 % -53.65 % 91.73 % 122.81 % 147.7 %
Y / Y Current Assets TTM Growth -37.08 % -39.4 % 3.47 % 2.73 % 5.15 %
Working Capital Ratio TTM 1.26 1.18 1.12 1.27 1.49
Total Ranking TTM # 3988 # 4044 # 3217 # 246 # 3851
Seq. Current Liabilities TTM Growth -9.98 % -55.63 % 9.62 % 0.17 % -4.86 %
Seq. Current Assets TTM Growth 0.14 % -45.77 % 10.66 % 4.71 % -3.55 %


On the trailing twelve months basis Current Liabilities decreased faster than New Relic Inc 's average Current Assets, this led to increase in in New Relic Inc 's Working Capital Ratio to 1.26, Working Capital Ratio remained below NEWR average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 218 other companies have achieved higher Working Capital Ratio than New Relic Inc . While Working Capital Ratio overall ranking has improved so far to 3988, from total ranking during the twelve months ending first quarter 2023 at 4044.

Explain Working Capital Ratio
How much in Current Assets NEWR´s has?
What is the value of NEWR´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 219
Technology Sector # 669
Within the Market # 3988


trailing twelve months Working Capital Ratio Statistics
High Average Low
3.46 2.31 1.12
(Mar 31 2019)   (Mar 31 2023)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Software & Programming Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Freshworks Inc   4.32 $ 1,319.501  Millions$ 305.721  Millions
Ccc Intelligent Solutions Holdings Inc   4.13 $ 613.747  Millions$ 148.554  Millions
Pdf Solutions Inc  4.03 $ 194.324  Millions$ 48.174  Millions
Authid Inc   4.03 $ 4.400  Millions$ 1.093  Millions
Everbridge Inc   3.94 $ 243.717  Millions$ 61.824  Millions
Cloudflare Inc   3.89 $ 1,858.003  Millions$ 477.775  Millions
Uipath Inc   3.87 $ 2,429.653  Millions$ 627.685  Millions
Enfusion inc   3.79 $ 62.045  Millions$ 16.373  Millions
Zedge Inc   3.78 $ 22.563  Millions$ 5.971  Millions
Guidewire Software Inc   3.72 $ 976.798  Millions$ 262.375  Millions
Certara Inc   3.51 $ 369.777  Millions$ 105.427  Millions
Duolingo Inc   3.49 $ 819.105  Millions$ 234.934  Millions
Vtex  3.45 $ 266.253  Millions$ 77.244  Millions
Cerence Inc   3.44 $ 225.727  Millions$ 65.591  Millions
Meridianlink inc   3.39 $ 144.196  Millions$ 42.554  Millions
Altair Engineering Inc   3.35 $ 592.006  Millions$ 176.863  Millions
Datadog Inc   3.35 $ 2,819.484  Millions$ 842.476  Millions
Fingermotion Inc   3.31 $ 20.116  Millions$ 6.085  Millions
N able Inc   3.27 $ 203.949  Millions$ 62.312  Millions
Hopto Inc   3.24 $ 6.194  Millions$ 1.913  Millions
Appfolio Inc   3.24 $ 239.877  Millions$ 74.147  Millions
Arqit Quantum inc   3.22 $ 86.349  Millions$ 26.818  Millions
Cadence Design Systems Inc   3.05 $ 1,824.463  Millions$ 598.261  Millions
Black Knight inc   3.03 $ 720.700  Millions$ 237.800  Millions
Sps Commerce Inc   2.95 $ 392.214  Millions$ 132.871  Millions
Semrush Holdings Inc   2.94 $ 260.486  Millions$ 88.658  Millions
On24 Inc   2.91 $ 258.489  Millions$ 88.962  Millions
Monday com Ltd   2.82 $ 1,173.142  Millions$ 416.013  Millions
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Coursera Inc   2.80 $ 829.135  Millions$ 295.643  Millions

Date modified: 2023-10-27T19:17:18+00:00



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