Wix.Com Ltd

NASDAQ WIX

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Wix.Com Ltd Working Capital to Current Liabilities Ratio 5 year CAGR for the quarter ending March 31, 2024: -27.49%

Wix.Com Ltd Working Capital to Current Liabilities Ratio 5 year CAGR is -27.49% for the quarter ending March 31, 2024. The working capital to current liabilities ratio measures the proportion of working capital to current liabilities. It is calculated by dividing the difference between current assets and current liabilities by current liabilities. This ratio indicates the company's ability to cover its current liabilities with its working capital. A higher ratio suggests a healthier liquidity position and better ability to meet short-term obligations. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Wix.Com Ltd Working Capital to Current Liabilities Ratio for the quarter ending March 31, 2023 was 0.04, a -94.73% change year over year.
  • Wix.Com Ltd Working Capital to Current Liabilities Ratio for the quarter ending March 31, 2022 was 0.79, a 5.16% change year over year.
  • Wix.Com Ltd Working Capital to Current Liabilities Ratio for the quarter ending March 31, 2021 was 0.76, a 4.51% change year over year.
  • Wix.Com Ltd Working Capital to Current Liabilities Ratio for the quarter ending March 31, 2020 was 0.72, a -36.85% change year over year.
NASDAQ: WIX

Wix.Com Ltd

CEO Mr. Avishai Abrahami
IPO Date Nov. 6, 2013
Location Israel
Headquarters 40 Namal Tel Aviv Street, Tel Aviv, Israel, 6350671
Employees 5,235
Sector Technology
Industry Software - infrastructure
Description

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers. It also provides Wix Logo Maker that generates a logo, including through the use of artificial intelligence; Wix Answers to support users; and Payments by Wix, a payment platform, which helps its users receive payments from their customers through their Wix Website. In addition, the company offers various vertical-specific applications that business owners use to operate various aspects of their business online. Further, it provides a range of complementary services, including Wix App Market, a marketplace that offers its registered users various free and paid web applications for building, growing, and managing their businesses; Wix marketplace that brings users seeking help in creating and managing a website together with Web experts; and Wix owner App, a native mobile application, which enables users to manage their Websites and Wix operating systems. The company was formerly known as Wixpress Ltd. The company was incorporated in 2006 and is headquartered in Tel Aviv, Israel.

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StockViz Staff

September 20, 2024

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