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Skkynet Cloud Systems Inc   (SKKY)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Skkynet Cloud Systems Inc 's Tangible Leverage Ratio

SKKY's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Despite a net increase in borrowings by 2.32%, Skkynet Cloud Systems Inc managed to enhance Tangible Leverage Ratio in the first quarter 2023 to 0.6, falling below the company's typical Tangible Leverage Ratio.

Within Software & Programming industry in the first quarter 2023, 41 other companies have achieved lower Tangible Leverage Ratio than Skkynet Cloud Systems Inc in the I Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the first quarter 2023 to 648, from total ranking in the forth quarter 2023 at 1232 .

Explain Tangible Leverage Ratio?
What is SKKY Market Share?
What are SKKY´s Total Liabilities?


SKKY Tangible Leverage Ratio (Jan 31 2024)
I. Quarter
(Oct 31 2023)
IV. Quarter
(Jul 31 2023)
III. Quarter
(Apr 30 2023)
II. Quarter
(Jan 31 2023)
I. Quarter
Y / Y Tangible Equity Change 31.34 % 6.72 % 16.42 % 15.15 % 41.63 %
Y / Y Total Liabilities Change 32.98 % -6.19 % 5.4 % 28.67 % -39.94 %
Tangible Leverage Ratio MRQ 0.6 0.62 0.8 1.26 0.59
SKKY's Total Ranking # 648 # 1232 # 1509 # 2132 # 1337
Seq. Tangible Equity Change 6.13 % 22.6 % 16.43 % -13.3 % -13.77 %
Seq. Total Liabilities Change 2.32 % -4.62 % -26.04 % 84.23 % -27.82 %



Tangible Leverage Ratio first quarter 2023 Company Ranking
Within: No.
Software & Programming Industry # 42
Technology Sector # 145
Overall Market # 648


Tangible Leverage Ratio Statistics
High Average Low
57106.4 2694.65 0.31
(Oct 31 2019)   (Apr 30 2020)




Financial Statements
Skkynet Cloud Systems Inc 's Tangible Equity $ 1 Millions Visit SKKY's Balance sheet
Skkynet Cloud Systems Inc 's Total Liabilities $ 0 Millions Visit SKKY's Balance sheet
Source of SKKY's Sales Visit SKKY's Sales by Geography


Cumulative Skkynet Cloud Systems Inc 's Tangible Leverage Ratio

SKKY's Tangible Leverage Ratio for the trailling 12 Months

SKKY Tangible Leverage Ratio

(Jan 31 2024)
I. Quarter
(Oct 31 2023)
IV. Quarter
(Jul 31 2023)
III. Quarter
(Apr 30 2023)
II. Quarter
(Jan 31 2023)
I. Quarter
Y / Y Tangible Equity TTM Growth 31.34 % 6.72 % 16.42 % 15.15 % 41.63 %
Y / Y Total Liabilities TTM Growth 32.98 % -6.19 % 5.4 % 28.67 % -39.94 %
Tangible Leverage Ratio TTM 0.78 0.79 0.82 0.84 0.8
Total Ranking TTM # 61 # 144 # 219 # 302 # 466
Seq. Tangible Equity TTM Growth 6.13 % 22.6 % 16.43 % -13.3 % -13.77 %
Seq. Total Liabilities TTM Growth 2.32 % -4.62 % -26.04 % 84.23 % -27.82 %


On the trailing twelve months basis Despite of the net new borrowings of 2.32% during the twelve months period ending in I Quarter 2023 Skkynet Cloud Systems Inc has managed to decrease Tangible Leverage Ratio in the I Quarter 2023 to 0.78, above the SKKY's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Software & Programming industry SKKY recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 3, from total ranking in previous 12 month period at 1122.

Explain Tangible Leverage Ratio?
What is SKKY Market Share?
What are SKKY´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 0
Technology Sector # 1
Within the Market # 648


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
0.09 0.06 0.01
(Jan 31 2022)   (Jan 31 2024)




Companies with similar Tangible Leverage Ratio in the quarter ending Jan 31 2024, within Software & Programming Industry Tangible Leverage RatioJan 31 2024 MRQ Total LiabilitiesJan 31 2024 MRQ Tangible Equity
Servicenow Inc   1.58 $ 9,759.000  Millions$ 6,173.000  Millions
Mix Telematics Limited  1.54 $ 73.510  Millions$ 47.710  Millions
Clear Secure Inc   1.52 $ 435.427  Millions$ 285.642  Millions
Procore Technologies Inc   1.37 $ 656.454  Millions$ 478.710  Millions
Cadence Design Systems Inc   1.30 $ 1,989.569  Millions$ 1,531.583  Millions
Nice Ltd   1.30 $ 1,590.770  Millions$ 1,227.030  Millions
Qualys Inc   1.27 $ 444.444  Millions$ 351.012  Millions
Datasea Inc   1.25 $ 2.342  Millions$ 1.872  Millions
Gitlab Inc   1.23 $ 746.687  Millions$ 608.056  Millions
Datadog Inc   1.15 $ 1,910.718  Millions$ 1,663.043  Millions
Egain Corporation  1.09 $ 58.650  Millions$ 53.607  Millions
Weave Communications Inc   0.92 $ 72.853  Millions$ 78.957  Millions
Couchbase Inc   0.90 $ 117.331  Millions$ 130.421  Millions
Guidewire Software Inc   0.87 $ 757.407  Millions$ 872.160  Millions
Asana Inc   0.84 $ 275.258  Millions$ 326.396  Millions
Varonis Systems Inc   0.81 $ 376.206  Millions$ 465.250  Millions
Sentinelone Inc  0.79 $ 727.364  Millions$ 921.729  Millions
Netsol Technologies Inc   0.79 $ 23.009  Millions$ 29.235  Millions
Alarum Technologies Ltd   0.76 $ 6.885  Millions$ 9.063  Millions
Expensify Inc   0.75 $ 76.040  Millions$ 100.744  Millions
Enfusion inc   0.71 $ 55.306  Millions$ 77.482  Millions
Smith Micro Software Inc   0.71 $ 7.642  Millions$ 10.817  Millions
Walkme Ltd   0.70 $ 180.129  Millions$ 258.586  Millions
American Software Inc   0.65 $ 47.934  Millions$ 73.753  Millions
Semrush Holdings Inc   0.61 $ 112.341  Millions$ 183.353  Millions
Skkynet Cloud Systems Inc   0.60 $ 0.455  Millions$ 0.759  Millions
Playstudios Inc   0.60 $ 77.970  Millions$ 130.285  Millions
Monday com Ltd   0.57 $ 462.148  Millions$ 813.508  Millions
On24 Inc   0.55 $ 97.602  Millions$ 178.912  Millions
Alkami Technology Inc   0.53 $ 74.884  Millions$ 141.084  Millions

Date modified: 2024-03-13T23:10:16+00:00



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