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Aqua MetalsAQMS +1.41%21 Cash-to-Debt is 10.76 as of Jun. 2026, which is 370% above its 10-year median of 2.29. GuruFocus rates AQMS with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 245 Waste Management companies, Aqua Metals ranks better than 90.2% on this metric.
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. Aqua Metals's cash to debt ratio for the quarter that ended in Jun. 2026 was 10.76.
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, Aqua Metalscould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Aqua Metals's Cash-to-Debt or its related term are showing as below:
AQMS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 2.29 Max: 19.05
Current: 10.76
During the past 12 years, Aqua Metals's highest Cash to Debt Ratio was 19.05. The lowest was 0.36. And the median was 2.29.
AQMS's Cash-to-Debt is ranked better than 90.2% of 245
companies
in the Waste Management industry
Industry Median: 0.41
vs AQMS: 10.76
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.
Aqua Metals Cash-to-Debt Related Terms
Aqua Metals Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Aqua Metals'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.
For the Waste Management subindustry, Aqua Metals'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.
Aqua Metals Cash-to-Debt vs Waste Management Industry
For the Waste Management industry and Industrials sector, Aqua Metals's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Aqua Metals's Cash-to-Debt 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.
Aqua Metals (AQMS) has a Cash-to-Debt of 10.76 as of Jun. 2026. This is 370% above median its historical median of 2.29. Over the past decade, Aqua Metals' Cash-to-Debt has ranged from 0.36 to 19.05. According to the industry distribution chart, Aqua Metals ranks #24 out of 245 companies in the Waste Management industry, placing it in the top 9.8%.
Is Aqua Metals' Cash-to-Debt too high?
Aqua Metals' current Cash-to-Debt of 10.76 is 370% above median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 19.05. The Waste Management industry median Cash-to-Debt is 0.41. Aqua Metals' value of 10.76 is 2524.4% above this industry median. Based on the distribution chart, Aqua Metals ranks #24 out of 245 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Aqua Metals has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Aqua Metals' Cash-to-Debt compare to AWX and OCLN?
According to the Waste Management industry distribution chart, Aqua Metals ranks #24 out of 245 companies for Cash-to-Debt. This places Aqua Metals in the top 10% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 0.41. Aqua Metals' value of 10.76 is 2524.4% above this benchmark. Historically, Aqua Metals' own Cash-to-Debt has ranged from 0.36 to 19.05 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 0.41, Aqua Metals 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-to-Debt for a Waste Management company?
The median Cash-to-Debt among Waste Management companies is 0.41, based on 245 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aqua Metals's current Cash-to-Debt of 10.76 is 2524.4% 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-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Waste Management industry, the median Cash-to-Debt is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqua Metals's current Cash-to-Debt is 10.76, which is 370% above median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqua Metals stock overvalued right now?
Aqua Metals (AQMS) has a current Cash-to-Debt of 10.76. The current Cash-to-Debt is 10.76, which is 370% above median its 10-year median of 2.29 and 2524.4% above the Waste Management industry median of 0.41. Aqua Metals' overall GF Score™ is 21/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Aqua Metals (AQMS), the current Cash-to-Debt is 10.76 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.
Aqua Metals Inc is developing and seeking to commercialize proprietary recycling and refining technologies for the recovery of critical minerals and metals. Its patented and patent-pending AquaRefining process is an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system powered by electricity. Its idea is to reduce CAPEX and OPEX costs, reduce emissions, hazardous waste, and reliance on conventional smelting and chemical-intensive refining processes. It has one operating segment: sustainable metals recycling. It focused on the development and commercialization of AquaRefining technology for the clean and efficient recovery of valuable metals from lead-acid and lithium-ion batteries.
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