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IonQIONQ +8.02%47 Cash Ratio is 9.37 as of Jun. 2026, which is 23% below its 10-year median of 12.16. GuruFocus rates IONQ with a GF Score™ of 47/100 and a GF Value™ of $91.91 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,435 Hardware companies, IonQ ranks better than 97.62% on this metric.
The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. IonQ's Cash Ratio for the quarter that ended in Jun. 2026 was 9.37.
IonQ has a Cash Ratio of 9.37. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for IonQ's Cash Ratio or its related term are showing as below:
IONQ'
s Cash Ratio Range Over the Past 10 Years
Min: 6.74 Med: 12.16 Max: 53.91
Current: 9.37
During the past 6 years, IonQ's highest Cash Ratio was 53.91. The lowest was 6.74. And the median was 12.16.
IONQ's Cash Ratio is ranked better than 97.62% of 2435
companies
in the Hardware industry
Industry Median: 0.61
vs IONQ: 9.37
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
IonQ Cash Ratio Related Terms
IonQ Cash Ratio Historical Data
* Premium members only.
The historical data trend for IonQ's Cash 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 Computer Hardware subindustry, IonQ's Cash Ratio, along with its competitors' market caps and Cash 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.
IonQ Cash Ratio vs Hardware Industry
For the Hardware industry and Technology sector, IonQ's Cash Ratio distribution charts can be found below:
* The bar in red indicates where IonQ's Cash Ratio falls into.
* 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.
IonQ (IONQ) has a Cash Ratio of 9.37 as of Jun. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on IonQ and its competitors. This is 23% below median its historical median of 12.16. Over the past decade, IonQ's Cash Ratio has ranged from 6.74 to 53.91. According to the industry distribution chart, IonQ ranks #58 out of 2435 companies in the Hardware industry, placing it in the top 2.4%.
Is IonQ's Cash Ratio too high?
IonQ's current Cash Ratio of 9.37 is 23% below median its 10-year median of 12.16. Over the past 10 years, this metric has ranged from a low of 6.74 to a high of 53.91. The Hardware industry median Cash Ratio is 0.61. IonQ's value of 9.37 is 1436.1% above this industry median. Based on the distribution chart, IonQ ranks #58 out of 2435 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, IonQ has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IonQ's Cash Ratio compare to QBTS and SMCI?
According to the Hardware industry distribution chart, IonQ ranks #58 out of 2435 companies for Cash Ratio. This places IonQ in the top 2% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 0.61. IonQ's value of 9.37 is 1436.1% above this benchmark. Historically, IonQ's own Cash Ratio has ranged from 6.74 to 53.91 over the past decade. While the company's 10-year median is 12.16 vs. the industry median of 0.61, IonQ has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Hardware company?
The median Cash Ratio among Hardware companies is 0.61, based on 2,435 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IonQ's current Cash Ratio of 9.37 is 1436.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on IonQ and its competitors. For the Hardware industry, the median Cash Ratio is 0.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IonQ's current Cash Ratio is 9.37, which is 23% below median its own 10-year median of 12.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IonQ stock overvalued right now?
Based on GuruFocus' analysis, IonQ (IONQ) is currently considered Possible Value Trap. The stock's GF Value™ is $91.91, compared to a current price of $44.86 — trading 51.2% below its estimated fair value. The current Cash Ratio is 9.37, which is 23% below median its 10-year median of 12.16 and 1436.1% above the Hardware industry median of 0.61. IonQ's overall GF Score™ is 47/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For IonQ (IONQ), the current Cash Ratio is 9.37 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IonQ (IONQ) Overvalued in 2026?
Based on GuruFocus' analysis, IonQ stock appears to be undervalued.
The current stock price of $44.86 is trading 51.2% below its estimated GF Value™ of $91.91.
GuruFocus considers IonQ to be Possible Value Trap.
Key valuation signals for IONQ:
Cash Ratio: 9.37 (23% below median its 10-year median of 12.16)
GF Value™: $91.91 vs. price of $44.86 (51.2% below fair value)
Industry Position: 1436.1% above the Hardware median (#58 of 2435)
No single metric tells the full story. See the IONQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
47GF Score
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