Progress Software Corporation

Progress Software Corporationverified

PRGS

Price:

$64.35

Market Cap:

$2.76B

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Con...[Read more]

Industry

Software - Application

IPO Date

1991-07-30

Stock Exchange

NASDAQ

Ticker

PRGS

The Current Ratio as of November 2024 (TTM) for Progress Software Corporation (PRGS) is 1.23

According to Progress Software Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.23. This represents a change of 16.35% compared to the average of 1.06 of the last 4 quarters.

Progress Software Corporation (PRGS) Historical Current Ratio (quarterly & annually)

How has PRGS Current Ratio performed in the past?

The mean historical Current Ratio of Progress Software Corporation over the last ten years is 1.36. The current 1.23 Current Ratio has changed 8.96% with respect to the historical average. Over the past ten years (40 quarters), PRGS's Current Ratio was at its highest in in the November 2014 quarter at 2.52. The Current Ratio was at its lowest in in the February 2023 quarter at 0.87.

Quarterly (TTM)
Annual

Average

1.36

Median

1.22

Minimum

0.91

Maximum

2.52

Progress Software Corporation (PRGS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Progress Software Corporation 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 = 26.72%

Maximum Annual Current Ratio = 2.52

Minimum Annual Increase = -35.70%

Minimum Annual Current Ratio = 0.91

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.94-29.13%
20221.3326.72%
20211.0514.94%
20200.91-22.99%
20191.181.23%
20181.17-7.81%
20171.27-23.23%
20161.651.96%
20151.62-35.70%
20142.5222.57%

Progress Software Corporation (PRGS) Average Current Ratio

How has PRGS Current Ratio performed in the past?

The current Current Ratio of Progress Software Corporation (PRGS) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

1.10

5-year avg

1.08

10-year avg

1.36

Progress Software Corporation (PRGS) Current Ratio vs. Peers

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

Progress Software Corporation’s Current Ratio is less than ePlus inc. (1.92), less than Model N, Inc. (3.82), greater than Agilysys, Inc. (1.13), less than Sapiens International Corporation N.V. (2.16), less than PDF Solutions, Inc. (3.44), greater than MiX Telematics Limited (1.22), less than PROS Holdings, Inc. (1.28), greater than Paycor HCM, Inc. (1.06), greater than Envestnet, Inc. (1.14), greater than Momentive Global Inc. (0.90), less than MeridianLink, Inc. (1.98), less than Enfusion, Inc. (4.15), less than ON24, Inc. (2.62), greater than PowerSchool Holdings, Inc. (0.27),

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