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IonQXSWX:IONQ +7.41%20 Cash-to-Debt is 38.88 as of Jun. 2026, which is at its 10-year median of 38.88. GuruFocus rates XSWX:IONQ with a GF Score™ of 20/100 and a GF Value™ of CHF72.06 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,447 Hardware companies, IonQ ranks better than 88.07% 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. IonQ's cash to debt ratio for the quarter that ended in Jun. 2026 was 38.88.
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, IonQcould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for IonQ's Cash-to-Debt or its related term are showing as below:
XSWX:IONQ'
s Cash-to-Debt Range Over the Past 10 Years
Min: 8.46 Med: 38.88 Max: 138.35
Current: 38.88
During the past 6 years, IonQ's highest Cash to Debt Ratio was 138.35. The lowest was 8.46. And the median was 38.88.
XSWX:IONQ's Cash-to-Debt is ranked better than 88.07% of 2447
companies
in the Hardware industry
Industry Median: 1.39
vs XSWX:IONQ: 38.88
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.
IonQ Cash-to-Debt Related Terms
IonQ Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for IonQ'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.
XSWX:IONQ vs QBTS, SMCI, RGTI: Cash-to-Debt Comparison
For the Computer Hardware subindustry, IonQ'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.
IonQ Cash-to-Debt vs Hardware Industry
For the Hardware industry and Technology sector, IonQ's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where IonQ'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.
IonQ (XSWX:IONQ) has a Cash-to-Debt of 38.88 as of Jun. 2026. This is near median its historical median of 38.88. Over the past decade, IonQ's Cash-to-Debt has ranged from 8.46 to 138.35. According to the industry distribution chart, IonQ ranks #292 out of 2447 companies in the Hardware industry, placing it in the top 11.9%.
Is IonQ's Cash-to-Debt too high?
IonQ's current Cash-to-Debt of 38.88 is near median its 10-year median of 38.88. Over the past 10 years, this metric has ranged from a low of 8.46 to a high of 138.35. The Hardware industry median Cash-to-Debt is 1.39. IonQ's value of 38.88 is 2697.1% above this industry median. Based on the distribution chart, IonQ ranks #292 out of 2447 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, IonQ has a GF Score™ of 20/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IonQ's Cash-to-Debt compare to QBTS and SMCI?
According to the Hardware industry distribution chart, IonQ ranks #292 out of 2447 companies for Cash-to-Debt. This places IonQ in the top 12% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 1.39. IonQ's value of 38.88 is 2697.1% above this benchmark. Historically, IonQ's own Cash-to-Debt has ranged from 8.46 to 138.35 over the past decade. While the company's 10-year median is 38.88 vs. the industry median of 1.39, 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-to-Debt for a Hardware company?
The median Cash-to-Debt among Hardware companies is 1.39, based on 2,447 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. IonQ's current Cash-to-Debt of 38.88 is 2697.1% 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-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median Cash-to-Debt is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IonQ's current Cash-to-Debt is 38.88, which is near median its own 10-year median of 38.88. 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 (XSWX:IONQ) is currently considered Possible Value Trap. The stock's GF Value™ is CHF72.06, compared to a current price of CHF35.17 — trading 51.2% below its estimated fair value. The current Cash-to-Debt is 38.88, which is near median its 10-year median of 38.88 and 2697.1% above the Hardware industry median of 1.39. IonQ's overall GF Score™ is 20/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For IonQ (XSWX:IONQ), the current Cash-to-Debt is 38.88 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 (XSWX:IONQ) Overvalued in 2026?
Based on GuruFocus' analysis, IonQ stock appears to be undervalued.
The current stock price of CHF35.17 is trading 51.2% below its estimated GF Value™ of CHF72.06.
GuruFocus considers IonQ to be Possible Value Trap.
Key valuation signals for XSWX:IONQ:
Cash-to-Debt: 38.88 (near median its 10-year median of 38.88)
GF Value™: CHF72.06 vs. price of CHF35.17 (51.2% below fair value)
Industry Position: 2697.1% above the Hardware median (#292 of 2447)
No single metric tells the full story. See the XSWX: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.
20GF Score
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