AvidXchange Holdings (AvidXchange Holdings) Cash-to-Debt

: 3.14 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. AvidXchange Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.14.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, AvidXchange Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for AvidXchange Holdings's Cash-to-Debt or its related term are showing as below:

AVDX' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.41 Med: 2.95 Max: 3.14
Current: 3.14

During the past 5 years, AvidXchange Holdings's highest Cash to Debt Ratio was 3.14. The lowest was 1.41. And the median was 2.95.

AVDX's Cash-to-Debt is ranked better than
53.48% of 2790 companies
in the Software industry
Industry Median: 2.415 vs AVDX: 3.14

AvidXchange Holdings Cash-to-Debt Historical Data

The historical data trend for AvidXchange Holdings's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Array ( [0] => 1.44 [1] => 1.41 [2] => 2.95 [3] => 3.06 [4] => 3.14 )

AvidXchange Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.44

1.41

2.95

3.06

3.14

AvidXchange Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt												3.06	2.87	2.93	2.95	3.14

Competitive Comparison

For the Software - Infrastructure subindustry, AvidXchange Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

AvidXchange Holdings Cash-to-Debt Distribution

For the Software industry and Technology sector, AvidXchange Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where AvidXchange Holdings's Cash-to-Debt falls into.

AvidXchange Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

AvidXchange Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	451.619	/	(8.225	+	135.499)
	=	3.14

AvidXchange Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	451.619	/	(8.225	+	135.499)
	=	3.14

AvidXchange Holdings (NAS:AVDX) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

AvidXchange Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of AvidXchange Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

AvidXchange Holdings (AvidXchange Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AvidXchange Holdings Inc (NAS:AVDX) » Definitions » Cash-to-Debt

Comparable Companies

DOCN EVCM PAY RAMP NTCT SWI CSGS ODD PAYO EVTC MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

N/A

Address

1210 AvidXchange Lane, Charlotte, NC, USA, 28206

Website

https://www.avidxchange.com

AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue. The company generates revenue in the United States.

Executives

Joel Wilhite	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Ryan Stahl	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Todd Alan Cunningham	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Michael Praeger	director, officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Daniel Drees	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Angelic Gibson	officer: See Remarks	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Matthew C Harris	director, 10 percent owner	1 BANK STREET, 2ND FLOOR, WILLIAMSTOWN MA 01267
James E Hausman	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Sonali Sambhus	director	C/O AVIDXCHANGE HOLDINGS, INC., 1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Asif Ramji	director	3399 PEACHTREE ROAD NE, SUITE 1900, ATLANTA GA 30326
Bain Capital Venture Partners 2014, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Teresa Mackintosh	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Bcv Ax Investors, L.p.	10 percent owner	200 CLARENDON ST, BOSTON MA 02116
Bain Capital Venture Coinvestment Partners, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Coinvestment Fund, L.p.	10 percent owner	JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116