Pushpay Holdings (NZSE:PPH) Quick Ratio : 0.73 (As of Sep. 2022)

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What is Pushpay Holdings Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Pushpay Holdings's quick ratio for the quarter that ended in Sep. 2022 was 0.73.

Pushpay Holdings has a quick ratio of 0.73. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Pushpay Holdings's Quick Ratio or its related term are showing as below:

NZSE:PPH' s Quick Ratio Range Over the Past 10 Years
Min: 0.55 Med: 1.45 Max: 3.81
Current: 0.73

During the past 10 years, Pushpay Holdings's highest Quick Ratio was 3.81. The lowest was 0.55. And the median was 1.45.

NZSE:PPH's Quick Ratio is not ranked
in the Software industry.
Industry Median: 1.64 vs NZSE:PPH: 0.73

Pushpay Holdings Quick Ratio Historical Data

The historical data trend for Pushpay Holdings's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pushpay Holdings Quick Ratio Chart

Pushpay Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Quick Ratio

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2.06

2.10

0.55

1.21

0.74

Pushpay Holdings Semi-Annual Data
	Mar13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Quick Ratio	Get a 7-Day Free Trial														0.81	1.21	0.89	0.74	0.73

Competitive Comparison of Pushpay Holdings's Quick Ratio

For the Software - Infrastructure subindustry, Pushpay Holdings's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pushpay Holdings's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Pushpay Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Pushpay Holdings's Quick Ratio falls into.

Pushpay Holdings Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Pushpay Holdings's Quick Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Quick Ratio (A: Mar. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(43.373	-	0.791)	/	57.358
	=	0.74

Pushpay Holdings's Quick Ratio for the quarter that ended in Sep. 2022 is calculated as

Quick Ratio (Q: Sep. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(43.075	-	1.573)	/	56.911
	=	0.73

Pushpay Holdings (NZSE:PPH) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.

Pushpay Holdings Quick Ratio Related Terms

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Pushpay Holdings (NZSE:PPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pushpay Holdings Ltd (NZSE:PPH) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

167 Victoria Street West, Level 6, Building D, Auckland, NTL, NZL, 1010

Website

https://www.pushpay.com

Pushpay primarily sells donor and church management systems to the global faith sector. Revenue is mainly derived from: (1) subscription fees based on a church's size and number of services provided to the church, and (2) processing fees for donations processed through its giving platform. Operations are mainly in the U.S., and its core customers are large evangelical and nondenominational churches with weekly attendances ranging from 1,100 to 50,000. Pushpay also sells to medium and small churches. The firm's solutions encompass, but are not limited to, virtual giving, record keeping, event registration, member engagement, video broadcasting, and data analytics. It also services nonprofit organisation and education providers, though these are currently immaterial to earnings.