The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Cvent's current ratio for the quarter that ended in Sep. 2016 was 1.71.
Cvent has a current ratio of 1.71. It generally indicates good short-term financial strength.
The historical rank and industry rank for Cvent's Current Ratio or its related term are showing as below:
CVT's Current Ratio is not ranked *
in the Software industry.
Industry Median: 1.78 * Ranked among companies with meaningful Current Ratio only.
Cvent Current Ratio Historical Data
The historical data trend for Cvent's Current 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.
For the Software - Application subindustry, Cvent's Current Ratio, along with its competitors' market caps and Current 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.
Cvent's Current Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Cvent's Current Ratio distribution charts can be found below:
* The bar in red indicates where Cvent's Current Ratio falls into.
Cvent Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Cvent's Current Ratio for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
Cvent (NYSE:CVT) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Cvent Current Ratio Related Terms
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Cvent Inc was incorporated on August 20, 1999 in the State of Delaware. The Company is a cloud-based enterprise event management company. It provides end-to-end cloud solutions for both sides of the corporate events and meetings ecosystem - event and meeting planners, through its Event Cloud, and hoteliers and venues, through its Hospitality Cloud. Its integrated, Event Cloud solutions addresses the entire event life cycle by allowing event and meeting planners to automate and streamline the process of planning, organizing and executing successful events for organizations of all sizes and industries. Its Hospitality Cloud provides hoteliers and venues with a complete suite of solutions to create, manage and measure their demand for group meetings. For the event and meeting planner side of the ecosystem, which includes corporations, associations, not-for-profits, government agencies and universities, events and meetings are an integral way to build and strengthen relationships with customers, prospects, employees and partners. Enterprise events and meetings include external events, such as conferences, tradeshows, and customer summits, as well as internal functions, such as sales meetings, training seminars and team-building events. For the hoteliers and venues side of the ecosystem, group events and meetings are a vital source of revenue and profit. The Cvent Hospitality Cloud was created to provide cloud-based solutions across the hotel group sales lifecycle. The Hospitality Cloud consists of marketing solutions and software-as-a-service (SaaS) software enabling hoteliers, convention and visitor bureaus (CVBs), and other event venue owners to more effectively generate qualified demand for meetings and events, manage that demand more efficiently, and measure group business performance. The Company offers planners a robust platform that addresses the entire life cycle of events and meetings, including budgeting, planning, venue sourcing, marketing, management and measurement of meetings. It offers six principal product categories on two integrated clouds, the Event Cloud and the Hospitality Cloud. The Event Cloud includes the five product categories - event and conference management software, enterprise solutions software, mobile event apps, pre- and post-event feedback management software, and onsite event solutions. The Hospitality Cloud includes three product categories - group marketing solutions, group demand management, and group business intelligence for hotels and venues. Event Cloud consists of Event Management; Enterprise Solutions; Mobile Event Applications; Feedback Solutions; Onsite Event & Conference Solutions; and Event Cloud Customers. Hospitality Cloud consists of Group Marketing Solutions; Group Demand Management; Group Business Intelligence; and Hospitality Cloud Customers. The Company's competitors are existing manual, paper and spreadsheet-based systems; event, meeting management and hospitality solution firms
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