In the wake of the increase in Current Liabilities in the second quarter 2022, Quick Ratio fell to 0.2 a new company low.

Within Software & Programming industry 386 other companies have achieved higher Quick Ratio than Provident Acquisition in second quarter 2022. While Quick Ratio total ranking has improved so far during the Q2 2022 to 3894, from total ranking in the first quarter 2022 at 4252.

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PAQC Quick Ratio	(Jun 30 2022) Q2	(Mar 31 2022) Q1	(Dec 31 2021) Q4	(Sep 30 2021) Q3	(Jun 30 2021) Q2
Y / Y Current Liabilities Change	2495.07 %	5122.29 %	-	-	-
Y / Y Cash & cash equivalent Change	-19.25 %	-69.92 %	-	-	-
Quick Ratio MRQ	0.2	0.24	0.87	12.1	6.5
PAQC's Total Ranking	# 3894	# 4252	# 2678	# 363	# 811
Seq. Current Liabilities Change	188.97 %	68.95 %	1080.78 %	-54.98 %	481.53 %
Seq. Cash & cash equivalent Change	147.67 %	-54.33 %	-14.83 %	-16.19 %	-7.73 %

Quick Ratio second quarter 2022 Company Ranking
Within:	No.
Software & Programming Industry	# 387
Technology Sector	# 823
Overall Market	# 3894

Quick Ratio Statistics
High	Average	Low
40.96	10.14	0.2
(Mar 31 2021)		(Jun 30 2022)

Financial Statements
Provident Acquisition's Current Liabilities	$ 2 Millions	Visit PAQC's Balance sheet
Provident Acquisition's Cash & cash equivalent	$ 0 Millions	Visit PAQC's Balance sheet
Source of PAQC's Sales		Visit PAQC's Sales by Geography

Cumulative Provident Acquisition's Quick Ratio

PAQC's Quick Ratio for the trailling 12 Months

PAQC Quick Ratio	(Jun 30 2022) 12 Months	(Mar 31 2022) 12 Months	(Dec 31 2021) 12 Months	(Sep 30 2021) 12 Months	(Jun 30 2021) 12 Months
Y / Y Current Liabilities TTM Growth	3372.52 %	9056.69 %	-	-	-
Y / Y Cash & cash equivalent TTM Growth	28.87 %	165.55 %	-	-	-
Quick Ratio TTM	0.43	1.19	3.41	11.71	11.55
Total Ranking TTM	# 5431	# 2104	# 733	# 0	# 0
Seq. Current Liabilities TTM Growth	158.46 %	126.97 %	327.68 %	38.41 %	581.53 %
Seq. Cash & cash equivalent TTM Growth	-6.69 %	-20.84 %	24.43 %	40.22 %	92.27 %

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

On the trailing twelve months basis Due to in Current Liabilities in the Q2 2022 to $2.37 millions, cumulative Quick Ratio decreased to 0.43 below the Provident Acquisition Corp. average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 244 other companies have achieved higher Quick Ratio than Provident Acquisition. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2022 from 2104 to 5431.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Software & Programming Industry	# 245
Technology Sector	# 749
Within the Market	# 5431

trailing twelve months Quick Ratio Statistics
High	Average	Low
3.41	1.67	0.43
(Dec 31 2021)		(Jun 30 2022)

Companies with similar Quick Ratio in the quarter ending Jun 30 2022, within Software & Programming Industry	Quick Ratio	Jun 30 2022 MRQ Cash & cash equivalent	Jun 30 2022 MRQ Current Liabilities
Arogo Capital Acquisition Corp	0.55	$ 0.213 Millions	$ 0.387 Millions
2u inc	0.55	$ 220.807 Millions	$ 403.961 Millions
Mobilesmith Inc.	0.54	$ 0.472 Millions	$ 0.867 Millions
Magic Software Enterprises Ltd	0.53	$ 83.062 Millions	$ 156.053 Millions
Smith Micro Software Inc	0.53	$ 5.357 Millions	$ 10.160 Millions
Baijiayun Group Ltd	0.52	$ 25.709 Millions	$ 49.303 Millions
Sap Se	0.52	$ 10,088.960 Millions	$ 19,547.360 Millions
Inspired Entertainment Inc	0.50	$ 31.800 Millions	$ 63.400 Millions
Rapid7 Inc	0.50	$ 239.713 Millions	$ 483.670 Millions
Gse Systems Inc	0.49	$ 5.364 Millions	$ 10.873 Millions
Blackbaud Inc	0.48	$ 479.714 Millions	$ 994.319 Millions
Dirtt Environmental Solutions Ltd	0.47	$ 19.739 Millions	$ 41.656 Millions
Ncino Inc	0.45	$ 86.148 Millions	$ 191.145 Millions
Bannix Acquisition Corp	0.44	$ 0.149 Millions	$ 0.337 Millions
Braze Inc	0.44	$ 80.881 Millions	$ 184.306 Millions
Avid Technology Inc	0.43	$ 44.332 Millions	$ 102.688 Millions
Ptc Inc	0.42	$ 322.326 Millions	$ 769.671 Millions
Autodesk Inc	0.42	$ 1,525.000 Millions	$ 3,642.000 Millions
Qumu Corporation	0.41	$ 6.435 Millions	$ 15.533 Millions
Take two Interactive Software Inc	0.40	$ 1,306.600 Millions	$ 3,286.700 Millions
Vtex	0.39	$ 24.394 Millions	$ 62.016 Millions
Marketwise Inc	0.39	$ 151.185 Millions	$ 385.835 Millions
Nayax Ltd	0.38	$ 41.762 Millions	$ 110.207 Millions
Citrix Systems Inc.	0.38	$ 872.799 Millions	$ 2,307.273 Millions
Carecloud Inc	0.35	$ 9.220 Millions	$ 26.194 Millions
Domo Inc	0.35	$ 79.894 Millions	$ 228.592 Millions
Tyler Technologies Inc	0.34	$ 287.528 Millions	$ 833.859 Millions
Ironnet Inc	0.34	$ 12.338 Millions	$ 36.413 Millions
Liquid Media Group Ltd	0.34	$ 1.706 Millions	$ 5.078 Millions
Multimetaverse Holdings Limited	0.33	$ 2.223 Millions	$ 6.733 Millions

Date modified: 2026-09-26T07:39:22+00:00

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