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Tucows Inc  (TCX)
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Tucows Inc's Working Capital Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the third quarter 2023, Working Capital Ratio deteriorated to 1.41 above company average Working Capital Ratio.

Within Cloud Computing & Data Analytics industry 13 other companies have achieved higher Working Capital Ratio than Tucows Inc in third quarter 2023. While Working Capital Ratio total ranking has improved so far during the III Quarter 2023 to 765, from total ranking in the second quarter 2023 at 2621.

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


TCX Working Capital Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 1.3 % -54.19 % 5.07 % 8.35 % 10.43 %
Y / Y Current Assets Change 54.56 % 101.32 % 8.72 % 15.59 % 19.77 %
Working Capital Ratio MRQ 1.41 1.59 0.87 0.9 0.93
TCX's Total Ranking # 765 # 2621 # 4455 # 3746 # 4022
Seq. Current Liabilities Change -2.96 % 1.04 % 2.09 % 1.2 % -56.12 %
Seq. Current Assets Change -13.75 % 84.09 % -1.31 % -1.37 % 12.34 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry # 14
Technology Sector # 111
Overall Market # 765


Working Capital Ratio Statistics
High Average Low
1.59 0.91 0.36
(Jun 30 2023)   (Jun 30 2022)




Financial Statements
Tucows Inc's Current Liabilities $ 188 Millions Visit TCX's Balance sheet
Tucows Inc's Current Assets $ 266 Millions Visit TCX's Balance sheet
Source of TCX's Sales Visit TCX's Sales by Geography


Cumulative Tucows Inc's Working Capital Ratio

TCX's Working Capital Ratio for the trailling 12 Months

TCX Working Capital Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 1.3 % -54.19 % 5.07 % 8.35 % 10.43 %
Y / Y Current Assets TTM Growth 54.56 % 101.32 % 8.72 % 15.59 % 19.77 %
Working Capital Ratio TTM 1.2 1.08 0.67 0.66 0.65
Total Ranking TTM # 1033 # 2281 # 4758 # 3725 # 3939
Seq. Current Liabilities TTM Growth -2.96 % 1.04 % 2.09 % 1.2 % -56.12 %
Seq. Current Assets TTM Growth -13.75 % 84.09 % -1.31 % -1.37 % 12.34 %


On the trailing twelve months basis TCX Current Assets soared by 54.56 % in III Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Tucows Inc's Working Capital Ratio to 1.2, above TCX average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Cloud Computing & Data Analytics industry 28 other companies have achieved higher Working Capital Ratio than Tucows Inc. While Working Capital Ratio overall ranking has improved so far to 1033, from total ranking during the twelve months ending second quarter 2023 at 2281.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Cloud Computing & Data Analytics Industry # 29
Technology Sector # 157
Within the Market # 1033


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.2 0.88 0.63
(Sep 30 2023)   (Jun 30 2022)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Cloud Computing & Data Analytics Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Data Storage Corporation  3.88 $ 14.742  Millions$ 3.800  Millions
Sohu com Limited  3.83 $ 1,117.047  Millions$ 291.563  Millions
Verint Systems Inc  3.80 $ 503.619  Millions$ 132.433  Millions
Marin Software Incorporated  3.78 $ 19.060  Millions$ 5.049  Millions
Mind Cti Ltd  3.70 $ 19.714  Millions$ 5.326  Millions
Csp inc  3.40 $ 53.241  Millions$ 15.659  Millions
Digimarc Corp  3.32 $ 44.951  Millions$ 13.522  Millions
Tsr Inc   3.17 $ 20.812  Millions$ 6.561  Millions
Taskus Inc   2.93 $ 325.272  Millions$ 111.172  Millions
Playtika Holding Corp   2.92 $ 1,167.900  Millions$ 400.600  Millions
Ringcentral Inc   2.81 $ 1,052.319  Millions$ 374.063  Millions
Thoughtworks Holding Inc   2.80 $ 413.784  Millions$ 147.594  Millions
Smartrent Inc   2.78 $ 344.116  Millions$ 123.611  Millions
Light and Wonder Inc   2.78 $ 1,720.000  Millions$ 619.000  Millions
Jack Henry and Associates Inc   2.70 $ 563.496  Millions$ 208.909  Millions
Computer Task Group Incorporated  2.60 $ 98.254  Millions$ 37.856  Millions
Toast Inc   2.58 $ 1,480.000  Millions$ 574.000  Millions
Sidechannel Inc   2.57 $ 2.448  Millions$ 0.954  Millions
Nextgen Healthcare Inc   2.52 $ 362.797  Millions$ 143.878  Millions
Token Communities Ltd   2.49 $ 0.108  Millions$ 0.043  Millions
Aspen Technology inc   2.36 $ 684.323  Millions$ 289.661  Millions
Cognizant Technology Solutions Corporation  2.35 $ 7,127.000  Millions$ 3,027.000  Millions
Ibex Limited  2.27 $ 167.515  Millions$ 73.726  Millions
Workday Inc   2.13 $ 8,574.163  Millions$ 4,029.390  Millions
Zscaler Inc   1.96 $ 2,891.590  Millions$ 1,474.418  Millions
Samsara Inc   1.86 $ 940.883  Millions$ 506.483  Millions
Sterling Check Corp   1.72 $ 238.866  Millions$ 138.685  Millions
Saverone 2014 Ltd   1.64 $ 24.209  Millions$ 14.804  Millions
Evertec Inc   1.62 $ 402.351  Millions$ 248.737  Millions
Onespan Inc   1.60 $ 146.063  Millions$ 91.331  Millions

Date modified: 2023-11-03T14:57:25+00:00



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