Smartsheet Inc 's Cash & cash equivalent grew by 7.69 % in the Q3 2024 sequentially, faster than Current Liabilities, this led to improvement in Smartsheet Inc 's Quick Ratio to 1.11, Quick Ratio remained below Smartsheet Inc average.

Within Software & Programming industry 105 other companies have achieved higher Quick Ratio than Smartsheet Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 1096 to 1696.

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SMAR Quick Ratio	(Oct 31 2024) Q3	(Jul 31 2024) Q2	(Apr 30 2024) Q1	(Jan 31 2024) Q4	(Oct 31 2023) Q3
Y / Y Current Liabilities Change	12.92 %	13.91 %	16.46 %	21.09 %	24.28 %
Y / Y Cash & cash equivalent Change	33.79 %	28.7 %	36.76 %	37.78 %	30.83 %
Quick Ratio MRQ	1.11	1.07	1.03	0.9	0.94
SMAR's Total Ranking	# 1696	# 1096	# 1187	# 1020	# 1256
Seq. Current Liabilities Change	3.41 %	2.19 %	-6.82 %	14.68 %	4.32 %
Seq. Cash & cash equivalent Change	7.69 %	5.53 %	6.48 %	10.56 %	3.6 %

Quick Ratio third quarter 2024 Company Ranking
Within:	No.
Software & Programming Industry	# 106
Technology Sector	# 311
Overall Market	# 1696

Quick Ratio Statistics
High	Average	Low
3.21	1.47	0.79
(Jul 31 2019)		(Jan 31 2023)

Financial Statements
Smartsheet Inc 's Current Liabilities	$ 685 Millions	Visit SMAR's Balance sheet
Smartsheet Inc 's Cash & cash equivalent	$ 761 Millions	Visit SMAR's Balance sheet
Source of SMAR's Sales		Visit SMAR's Sales by Geography

Cumulative Smartsheet Inc 's Quick Ratio

SMAR's Quick Ratio for the trailling 12 Months

SMAR Quick Ratio	(Oct 31 2024) 12 Months	(Jul 31 2024) 12 Months	(Apr 30 2024) 12 Months	(Jan 31 2024) 12 Months	(Oct 31 2023) 12 Months
Y / Y Current Liabilities TTM Growth	16.04 %	18.73 %	21.44 %	23.86 %	26.52 %
Y / Y Cash & cash equivalent TTM Growth	34.03 %	33.37 %	31.57 %	24.68 %	15.54 %
Quick Ratio TTM	1.03	0.98	0.95	0.92	0.89
Total Ranking TTM	# 3365	# 3503	# 2674	# 3398	# 3078
Seq. Current Liabilities TTM Growth	3 %	3.19 %	3.75 %	5.22 %	5.39 %
Seq. Cash & cash equivalent TTM Growth	7.47 %	6.52 %	8.05 %	8.35 %	6.95 %

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

On the trailing twelve months basis SMAR Cash & cash equivalent grew by 33.79 % in Q3 2024 year on year, faster than Current Liabilities, this led to increase in in Smartsheet Inc 's Quick Ratio to 1.03, Quick Ratio remained below SMAR average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 194 other companies have achieved higher Quick Ratio than Smartsheet Inc . While Quick Ratio overall ranking has improved so far to 3365, from total ranking during the twelve months ending second quarter 2024 at 3503.

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How much Cash & cash equivalents SMAR�s has?
What are SMAR�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Software & Programming Industry	# 195
Technology Sector	# 589
Within the Market	# 3365

trailing twelve months Quick Ratio Statistics
High	Average	Low
2.74	1.37	0.15
(Apr 30 2020)		(Jan 31 2019)

Companies with similar Quick Ratio in the quarter ending Oct 31 2024, within Software & Programming Industry	Quick Ratio	Oct 31 2024 MRQ Cash & cash equivalent	Oct 31 2024 MRQ Current Liabilities
Playstudios Inc	3.03	$ 105.170 Millions	$ 34.686 Millions
Zedge Inc	3.02	$ 20.196 Millions	$ 6.679 Millions
Destiny Media Technologies Inc	2.90	$ 1.514 Millions	$ 0.523 Millions
Cadence Design Systems Inc	2.85	$ 2,786.040 Millions	$ 977.158 Millions
Cloudflare Inc	2.84	$ 1,823.846 Millions	$ 641.615 Millions
Freshworks Inc	2.79	$ 1,054.984 Millions	$ 377.930 Millions
Okta Inc	2.74	$ 2,248.000 Millions	$ 819.000 Millions
Monday com Ltd	2.54	$ 1,461.606 Millions	$ 575.615 Millions
Duolingo Inc	2.50	$ 854.409 Millions	$ 342.133 Millions
Silvaco Group Inc	2.48	$ 100.388 Millions	$ 40.443 Millions
Upland Software Inc	2.39	$ 59.739 Millions	$ 24.958 Millions
Zeta Global Holdings Corp	2.35	$ 418.538 Millions	$ 177.932 Millions
Skkynet Cloud Systems Inc	2.35	$ 1.158 Millions	$ 0.493 Millions
Varonis Systems Inc	2.34	$ 878.960 Millions	$ 376.370 Millions
Coursera Inc	2.29	$ 719.439 Millions	$ 314.808 Millions
N able Inc	2.27	$ 174.445 Millions	$ 76.736 Millions
Xunlei Ltd	2.27	$ 287.538 Millions	$ 126.736 Millions
Uipath Inc	2.26	$ 1,569.041 Millions	$ 695.473 Millions
Blackline Inc	2.24	$ 846.283 Millions	$ 377.337 Millions
Intellicheck Inc	2.18	$ 5.747 Millions	$ 2.635 Millions
Guidewire Software Inc	2.18	$ 1,338.329 Millions	$ 615.237 Millions
Pdf Solutions Inc	2.15	$ 120.152 Millions	$ 55.933 Millions
Zuora Inc	2.15	$ 558.524 Millions	$ 260.254 Millions
Global e Online Ltd	2.15	$ 474.440 Millions	$ 221.110 Millions
Alkami Technology Inc	2.10	$ 100.989 Millions	$ 48.037 Millions
Amplitude Inc	2.10	$ 319.944 Millions	$ 152.374 Millions
Sharplink Inc	2.07	$ 1.850 Millions	$ 0.895 Millions
Definitive Healthcare Corp	2.06	$ 305.388 Millions	$ 148.176 Millions
Semrush Holdings Inc	2.06	$ 232.879 Millions	$ 113.051 Millions
Enfusion inc	2.05	$ 48.299 Millions	$ 23.570 Millions

Date modified: 2026-09-08T22:18:40+00:00

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