Thoughtworks Holding Inc Quick Ratio (TWKS) starting from the third quarter 2024 to third quarter 2023, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Thoughtworks Holding Inc   (NASDAQ: TWKS)

Thoughtworks Holding Inc 's Quick Ratio

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


In the wake of the increase in Current Liabilities in the third quarter 2024, Quick Ratio fell to 0.3 a new company low.

Within Cloud Computing & Data Analytics industry 59 other companies have achieved higher Quick Ratio than Thoughtworks Holding Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 1720 to 2293.

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



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TWKS Quick Ratio (Sep 30 2024)
Q3		 (Jun 30 2024)
Q2		 (Mar 31 2024)
Q1		 (Dec 31 2023)
Q4		 (Sep 30 2023)
Q3
Y / Y Current Liabilities Change 5.16 % 2.9 % -19.7 % -34.57 % -27.38 %
Y / Y Cash & cash equivalent Change -46.28 % -45.84 % -33.6 % -48.37 % -52.64 %
Quick Ratio MRQ 0.3 0.34 0.55 0.61 0.59
TWKS's Total Ranking # 2293 # 1720 # 1612 # 1064 # 1869
Seq. Current Liabilities Change 9.6 % 6.81 % -19.2 % 11.18 % 7.24 %
Seq. Cash & cash equivalent Change -1.64 % -34.2 % -27.67 % 14.76 % -0.85 %



Quick Ratio third quarter 2024 Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry # 60
Technology Sector # 383
Overall Market # 2293


Quick Ratio Statistics
High Average Low
2.04 0.91 0.3
(Dec 31 2021)   (Sep 30 2024)




Financial Statements
Thoughtworks Holding Inc 's Current Liabilities $ 155 Millions Visit TWKS's Balance sheet
Thoughtworks Holding Inc 's Cash & cash equivalent $ 47 Millions Visit TWKS's Balance sheet
Source of TWKS's Sales Visit TWKS's Sales by Geography


Cumulative Thoughtworks Holding Inc 's Quick Ratio

TWKS's Quick Ratio for the trailling 12 Months

TWKS Quick Ratio

 (Sep 30 2024)
12 Months		 (Jun 30 2024)
12 Months		 (Mar 31 2024)
12 Months		 (Dec 31 2023)
12 Months		 (Sep 30 2023)
12 Months
Y / Y Current Liabilities TTM Growth -15.35 % -22.58 % -27.42 % -26.18 % -7.07 %
Y / Y Cash & cash equivalent TTM Growth -44.16 % -46.55 % -54.31 % -61.22 % -58.94 %
Quick Ratio TTM 0.45 0.53 0.6 0.63 0.68
Total Ranking TTM # 3556 # 3469 # 3463 # 3533 # 1751
Seq. Current Liabilities TTM Growth 1.3 % 0.69 % -5.29 % -12.36 % -7.35 %
Seq. Cash & cash equivalent TTM Growth -13.13 % -11.6 % -9.53 % -19.62 % -16.86 %

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

On the trailing twelve months basis Due to rise in Current Liabilities in the Q3 2024 to $155.22 millions, cumulative Quick Ratio decreased to 0.45 below the Thoughtworks Holding Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Cloud Computing & Data Analytics industry 99 other companies have achieved higher Quick Ratio than Thoughtworks Holding Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 3469 to 3556.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Cloud Computing & Data Analytics Industry # 100
Technology Sector # 607
Within the Market # 3556


trailing twelve months Quick Ratio Statistics
High Average Low
1.53 0.86 0.45
(Sep 30 2022)   (Sep 30 2024)




Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Cloud Computing & Data Analytics Industry Quick RatioSep 30 2024 MRQ Cash & cash equivalentSep 30 2024 MRQ Current Liabilities
Liberty Tripadvisor Holdings inc   0.82 $ 1,127.000  Millions$ 1,369.000  Millions
Spectral Capital Corporation  0.82 $ 0.325  Millions$ 0.399  Millions
Ibex Limited  0.80 $ 62.305  Millions$ 77.772  Millions
Unisys Corp  0.64 $ 373.700  Millions$ 585.300  Millions
Cognizant Technology Solutions Corporation  0.63 $ 2,025.000  Millions$ 3,196.000  Millions
Synchronoss Technologies Inc  0.63 $ 25.228  Millions$ 40.055  Millions
Light and Wonder Inc   0.59 $ 401.000  Millions$ 680.000  Millions
Compass Inc   0.59 $ 211.200  Millions$ 358.300  Millions
Fang Holdings Ltd  0.59 $ 123.940  Millions$ 211.235  Millions
8x8 Inc   0.56 $ 117.405  Millions$ 208.840  Millions
Mega Fortune Co Ltd  0.54 $ 0.372  Millions$ 0.690  Millions
Zscaler Inc   0.52 $ 1,553.645  Millions$ 2,963.610  Millions
Ci and t Inc  0.51 $ 64.132  Millions$ 124.983  Millions
StageWise Strategies Corp.  0.48 $ 0.011  Millions$ 0.024  Millions
Datacentrex Inc   0.47 $ 0.110  Millions$ 0.234  Millions
Cootek cayman inc   0.46 $ 4.159  Millions$ 9.102  Millions
Cars com Inc   0.45 $ 49.573  Millions$ 111.389  Millions
Arbe Robotics Ltd  0.44 $ 29.601  Millions$ 66.592  Millions
Caci International Inc  0.44 $ 440.706  Millions$ 1,001.098  Millions
Verisign Inc  0.42 $ 644.900  Millions$ 1,526.200  Millions
Gdev Inc   0.42 $ 111.250  Millions$ 263.451  Millions
Ringcentral Inc   0.42 $ 212.652  Millions$ 503.749  Millions
Yext Inc   0.42 $ 100.484  Millions$ 241.346  Millions
Legalzoom com Inc   0.41 $ 112.477  Millions$ 272.620  Millions
Pegasystems Inc   0.41 $ 415.341  Millions$ 1,024.543  Millions
Open Text Corp  0.40 $ 1,000.219  Millions$ 2,499.539  Millions
Kyndryl Holdings Inc  0.38 $ 1,325.000  Millions$ 3,471.000  Millions
Tucows Inc  0.38 $ 75.209  Millions$ 198.872  Millions
Amdocs Limited  0.35 $ 514.327  Millions$ 1,470.909  Millions
The Glimpse Group Inc   0.34 $ 1.414  Millions$ 4.137  Millions

Date modified: 2026-08-29T17:45:59+00:00



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