Global GasHGAS Current Ratio is 0.03 as of Mar. 2026, which is 88% below its 10-year median of 0.24. Among 1,615 Chemicals companies, Global Gas ranks worse than 99.88% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Global Gas's current ratio for the quarter that ended in Mar. 2026 was 0.03.
Global Gas has a current ratio of 0.03. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Global Gas has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Global Gas's Current Ratio or its related term are showing as below:
HGAS'
s Current Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.24 Max: 13
Current: 0.03
During the past 3 years, Global Gas's highest Current Ratio was 13.00. The lowest was 0.03. And the median was 0.24.
HGAS's Current Ratio is ranked worse than 99.88% of 1615
companies
in the Chemicals industry
Industry Median: 1.89
vs HGAS: 0.03
Global Gas (OTCPK:HGAS) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Global Gas Current Ratio Related Terms
Global Gas Current Ratio Historical Data
* Premium members only.
The historical data trend for Global Gas's Current 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.
HGAS vs BSLK, ILDO, TSEOF: Current Ratio Comparison
For the Specialty Chemicals subindustry, Global Gas's Current Ratio, along with its competitors' market caps and Current 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.
Global Gas Current Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Global Gas's Current Ratio distribution charts can be found below:
* The bar in red indicates where Global Gas's Current 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.
Global Gas (HGAS) has a Current Ratio of 0.03 as of Mar. 2026. This is 88% below median its historical median of 0.24. Over the past decade, Global Gas' Current Ratio has ranged from 0.03 to 13.00. According to the industry distribution chart, Global Gas ranks #1613 out of 1615 companies in the Chemicals industry, placing it in the top 99.9%.
Is Global Gas' Current Ratio too high?
Global Gas' current Current Ratio of 0.03 is 88% below median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 13.00. The Chemicals industry median Current Ratio is 1.89. Global Gas' value of 0.03 is 98.4% below this industry median. Based on the distribution chart, Global Gas ranks #1613 out of 1615 companies in the Chemicals industry, which is in the bottom quartile relative to peers.
How does Global Gas' Current Ratio compare to BSLK and ILDO?
According to the Chemicals industry distribution chart, Global Gas ranks #1613 out of 1615 companies for Current Ratio. This places Global Gas in the lower half of its industry. The industry median Current Ratio is 1.89. Global Gas' value of 0.03 is 98.4% below this benchmark. Historically, Global Gas' own Current Ratio has ranged from 0.03 to 13.00 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 1.89, Global Gas has consistently been below 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 Current Ratio for a Chemicals company?
The median Current Ratio among Chemicals companies is 1.89, based on 1,615 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Global Gas's current Current Ratio of 0.03 is 98.4% below 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median Current Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Gas's current Current Ratio is 0.03, which is 88% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Gas stock overvalued right now?
Global Gas (HGAS) has a current Current Ratio of 0.03. The current Current Ratio is 0.03, which is 88% below median its 10-year median of 0.24 and 98.4% below the Chemicals industry median of 1.89. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Global Gas (HGAS), the current Current Ratio is 0.03 as of Mar. 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.
Global Gas Corp is a nascent pure-play hydrogen and carbon recovery project developer and industrial gas supplier that has commenced initial operations and is building a growing project development pipeline. The company sells hydrogen, recovered CO2, and oxygen to offtake and merchant customers requiring gas for industrial and emerging hydrogen as an energy-carrier market.
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