Ping Identity Holding Quick Ratio (PING) starting from the second quarter 2022 to second quarter 2021, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Ping Identity Holding Corp.  (NYSE: PING)
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Ping Identity Holding's Quick Ratio

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


In the wake of the increase in Current Liabilities in the second quarter 2022, Quick Ratio fell to 1.71 below Ping Identity Holding Corp. average.

Within Software & Programming industry 90 other companies have achieved higher Quick Ratio than Ping Identity Holding in second quarter 2022. While Quick Ratio total ranking has improved so far during the Q2 2022 to 1743, from total ranking in the first quarter 2022 at 1751.

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




PING 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 56.8 % 57.79 % 50.97 % 42.23 % 20.88 %
Y / Y Cash & cash equivalent Change 101.55 % 287.77 % 51.38 % -70.54 % -41.08 %
Quick Ratio MRQ 1.71 1.89 1.82 0.62 1.33
PING's Total Ranking # 1743 # 1751 # 404 # 1060 # 2246
Seq. Current Liabilities Change 8.76 % -7.02 % 48.78 % 4.21 % 9.45 %
Seq. Cash & cash equivalent Change -1.4 % -3.32 % 332.35 % -51.1 % 89.7 %



Quick Ratio second quarter 2022 Company Ranking
Within: No.
Software & Programming Industry # 91
Technology Sector # 234
Overall Market # 1743


Quick Ratio Statistics
High Average Low
3.02 1.73 0.62
(Sep 30 2020)   (Sep 30 2021)




Financial Statements
Ping Identity Holding's Current Liabilities $ 123 Millions Visit PING's Balance sheet
Ping Identity Holding's Cash & cash equivalent $ 210 Millions Visit PING's Balance sheet
Source of PING's Sales Visit PING's Sales by Geography


Cumulative Ping Identity Holding's Quick Ratio

PING's Quick Ratio for the trailling 12 Months

PING 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 52.51 % 43.81 % 32.75 % 20.26 % 11.88 %
Y / Y Cash & cash equivalent TTM Growth 45.36 % 6.94 % -35.2 % -39.33 % -3.51 %
Quick Ratio TTM 1.58 1.49 1.22 1.14 1.66
Total Ranking TTM # 5431 # 737 # 2188 # 5500 # 5426
Seq. Current Liabilities TTM Growth 11.28 % 11.72 % 13.14 % 8.42 % 4.94 %
Seq. Cash & cash equivalent TTM Growth 17.98 % 36.73 % 21.03 % -25.55 % -13.2 %


On the trailing twelve months basis PING Cash & cash equivalent more than doubled by 101.55 % in Q2 2022 year on year, faster than Current Liabilities, this led to increase in in Ping Identity Holding's Quick Ratio to 1.58, Quick Ratio remained below PING average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 246 other companies have achieved higher Quick Ratio than Ping Identity Holding. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2022 from 737 to 5431.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 247
Technology Sector # 739
Within the Market # 5431


trailing twelve months Quick Ratio Statistics
High Average Low
2.5 1.68 1.01
(Dec 31 2020)   (Mar 31 2020)




Companies with similar Quick Ratio in the quarter ending Jun 30 2022, within Software & Programming Industry Quick RatioJun 30 2022 MRQ Cash & cash equivalentJun 30 2022 MRQ Current Liabilities
Alarm com Holdings Inc   4.55 $ 643.380  Millions$ 141.386  Millions
Destiny Media Technologies Inc   4.51 $ 1.999  Millions$ 0.443  Millions
Aware Inc   4.27 $ 24.984  Millions$ 5.848  Millions
Duolingo Inc   4.01 $ 591.160  Millions$ 147.326  Millions
3d Systems Corporation  3.93 $ 638.220  Millions$ 162.368  Millions
Grid Dynamics Holdings Inc   3.89 $ 150.018  Millions$ 38.568  Millions
Uipath Inc   3.74 $ 1,721.544  Millions$ 460.072  Millions
Palantir Technologies Inc   3.69 $ 2,457.603  Millions$ 665.742  Millions
Sentinelone Inc  3.66 $ 1,219.376  Millions$ 333.169  Millions
Veeva Systems Inc   3.65 $ 2,919.107  Millions$ 799.389  Millions
Coursera Inc   3.49 $ 783.145  Millions$ 224.310  Millions
Good Gaming Inc   3.48 $ 1.553  Millions$ 0.447  Millions
Mongodb Inc   3.42 $ 1,795.612  Millions$ 524.897  Millions
Perfect Corp   3.33 $ 82.850  Millions$ 24.917  Millions
Ipsidy Inc  3.30 $ 9.978  Millions$ 3.026  Millions
Blackline Inc   3.14 $ 1,029.591  Millions$ 328.256  Millions
Hopto Inc   3.13 $ 5.539  Millions$ 1.769  Millions
Meridianlink inc   3.04 $ 100.259  Millions$ 32.945  Millions
Bandwidth Inc   2.98 $ 302.872  Millions$ 101.712  Millions
Monday com Ltd   2.97 $ 885.894  Millions$ 298.223  Millions
Atlassian Corporation  2.94 $ 2,844.365  Millions$ 967.893  Millions
On24 Inc   2.93 $ 344.869  Millions$ 117.516  Millions
Definitive Healthcare Corp   2.91 $ 346.418  Millions$ 119.188  Millions
Snowflake Inc   2.82 $ 3,953.140  Millions$ 1,401.436  Millions
Pdf Solutions Inc  2.81 $ 117.250  Millions$ 41.794  Millions
Unity Software Inc   2.80 $ 1,753.860  Millions$ 626.471  Millions
Guidewire Software Inc   2.74 $ 976.168  Millions$ 356.304  Millions
My Size Inc   2.73 $ 6.491  Millions$ 2.382  Millions
Datadog Inc   2.72 $ 1,703.540  Millions$ 625.876  Millions
Avalara Inc.  2.71 $ 1,460.594  Millions$ 538.126  Millions

Date modified: 2026-09-08T15:10:40+00:00



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