AvidXchange Holdings, Inc.

AvidXchange Holdings, Inc.verified

AVDX

Price:

$7.93

Market Cap:

$1.65B

AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business pa...[Read more]

Industry

Software - Infrastructure

IPO Date

2021-10-13

Stock Exchange

NASDAQ

Ticker

AVDX

The Current Ratio as of September 2024 (TTM) for AvidXchange Holdings, Inc. (AVDX) is 1.36

According to AvidXchange Holdings, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.36. This represents a change of 3.25% compared to the average of 1.32 of the last 4 quarters.

AvidXchange Holdings, Inc. (AVDX) Historical Current Ratio (quarterly & annually)

How has AVDX Current Ratio performed in the past?

The mean historical Current Ratio of AvidXchange Holdings, Inc. over the last ten years is 1.81. The current 1.36 Current Ratio has changed 7.41% with respect to the historical average. Over the past ten years (40 quarters), AVDX's Current Ratio was at its highest in in the December 2020 quarter at 2.03. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

1.81

Median

1.39

Minimum

1.25

Maximum

3.09

AvidXchange Holdings, Inc. (AVDX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of AvidXchange Holdings, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual Current Ratio = 3.09

Minimum Annual Increase = -34.40%

Minimum Annual Current Ratio = 1.25

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.25-3.45%
20221.30-6.82%
20211.39-31.28%
20202.03-34.40%

AvidXchange Holdings, Inc. (AVDX) Average Current Ratio

How has AVDX Current Ratio performed in the past?

The current Current Ratio of AvidXchange Holdings, Inc. (AVDX) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.32

5-year avg

1.81

10-year avg

1.81

AvidXchange Holdings, Inc. (AVDX) Current Ratio vs. Peers

How is AVDX’s Current Ratio compared to its peers?

AvidXchange Holdings, Inc.’s Current Ratio is less than EVERTEC, Inc. (1.82), less than NetScout Systems, Inc. (1.52), less than ForgeRock, Inc. (3.61), less than EngageSmart, Inc. (6.71), less than EverCommerce Inc. (1.68), less than Sterling Check Corp. (1.60), greater than Consensus Cloud Solutions, Inc. (1.04), less than CSG Systems International, Inc. (1.59), less than Radware Ltd. (2.57), less than Flywire Corporation (4.01), less than Couchbase, Inc. (1.84), less than i3 Verticals, Inc. (2.98), greater than SecureWorks Corp. (0.63),

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