Priority Technology Holdings Inc

NASDAQ PRTH

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Priority Technology Holdings Inc Current Assets to Total Assets Ratio 3 year CAGR for the quarter ending March 31, 2024: 21.37%

Priority Technology Holdings Inc Current Assets to Total Assets Ratio 3 year CAGR is 21.37% for the quarter ending March 31, 2024, a -46.62% change year over year. The current assets to total assets ratio measures the proportion of a company's current assets in relation to its total assets. It is calculated by dividing current assets by total assets. This ratio indicates the percentage of a company's total assets that are in the form of current assets, such as cash, receivables, and inventory. It provides insights into the company's liquidity and the extent to which its assets are readily convertible to cash in the short term. 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.
  • Priority Technology Holdings Inc Current Assets to Total Assets Ratio for the quarter ending March 31, 2023 was 0.50, a 11.32% change year over year.
  • Priority Technology Holdings Inc Current Assets to Total Assets Ratio for the quarter ending March 31, 2022 was 0.45, a 47.75% change year over year.
  • Priority Technology Holdings Inc Current Assets to Total Assets Ratio for the quarter ending March 31, 2021 was 0.31, a 66.93% change year over year.
  • Priority Technology Holdings Inc Current Assets to Total Assets Ratio for the quarter ending March 31, 2020 was 0.18, a 3.24% change year over year.
NASDAQ: PRTH

Priority Technology Holdings Inc

CEO Mr. Thomas Charles Priore
IPO Date Dec. 6, 2016
Location United States
Headquarters 2001 Westside Parkway, Alpharetta, GA, United States, 30004
Employees 974
Sector Technology
Industry Software - infrastructure
Description

Priority Technology Holdings, Inc. operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing. The company also offers CPX, a platform that offers accounts payable automation solutions, including virtual card, purchase card, ACH +, dynamic discounting, or check. In addition, it provides curated managed services; payment-adjacent technologies to facilitate the acceptance of electronic payments from customers; and Plastiq payables management software, which helps businesses in improving cash flow with instant access to working capital. Further, the company offers embedded finance and BaaS solutions to enterprise customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments; and managed services solutions that provide audience-specific programs for institutional partners and other third parties; and consulting and development solutions. It serves SMB, and enterprises, as well as distribution partners, including retail and wholesale independent sales organizations, financial institutions, and independent software vendors. The company was founded in 2005 and is headquartered in Alpharetta, Georgia.

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StockViz Staff

September 19, 2024

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