D-Wave QuantumQBTS +3.88%64 Current Ratio is 21.41 as of Mar. 2026, which is 1089% above its 10-year median of 1.80. GuruFocus rates QBTS with a GF Score™ of 64/100 and a GF Value™ of $2.45 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,492 Hardware companies, D-Wave Quantum ranks better than 98.72% 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. D-Wave Quantum's current ratio for the quarter that ended in Mar. 2026 was 21.41.
D-Wave Quantum has a current ratio of 21.41. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for D-Wave Quantum's Current Ratio or its related term are showing as below:
QBTS'
s Current Ratio Range Over the Past 10 Years
Min: 0.38 Med: 1.8 Max: 54.68
Current: 21.41
During the past 6 years, D-Wave Quantum's highest Current Ratio was 54.68. The lowest was 0.38. And the median was 1.80.
QBTS's Current Ratio is ranked better than 98.72% of 2492
companies
in the Hardware industry
Industry Median: 1.96
vs QBTS: 21.41
D-Wave Quantum (NYSE:QBTS) 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.
D-Wave Quantum Current Ratio Related Terms
D-Wave Quantum Current Ratio Historical Data
* Premium members only.
The historical data trend for D-Wave Quantum'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.
QBTS vs RGTI, QUBT, BRAI: Current Ratio Comparison
For the Computer Hardware subindustry, D-Wave Quantum'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.
D-Wave Quantum Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, D-Wave Quantum's Current Ratio distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum'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.
D-Wave Quantum (QBTS) has a Current Ratio of 21.41 as of Mar. 2026. This is 1089% above median its historical median of 1.80. Over the past decade, D-Wave Quantum's Current Ratio has ranged from 0.38 to 54.68. According to the industry distribution chart, D-Wave Quantum ranks #32 out of 2492 companies in the Hardware industry, placing it in the top 1.3%.
Is D-Wave Quantum's Current Ratio too high?
D-Wave Quantum's current Current Ratio of 21.41 is 1089% above median its 10-year median of 1.80. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 54.68. The Hardware industry median Current Ratio is 1.96. D-Wave Quantum's value of 21.41 is 992.3% above this industry median. Based on the distribution chart, D-Wave Quantum ranks #32 out of 2492 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, D-Wave Quantum has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's Current Ratio compare to RGTI and QUBT?
According to the Hardware industry distribution chart, D-Wave Quantum ranks #32 out of 2492 companies for Current Ratio. This places D-Wave Quantum in the top 1% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.96. D-Wave Quantum's value of 21.41 is 992.3% above this benchmark. Historically, D-Wave Quantum's own Current Ratio has ranged from 0.38 to 54.68 over the past decade. While the company's 10-year median is 1.80 vs. the industry median of 1.96, D-Wave Quantum 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 Current Ratio for a Hardware company?
The median Current Ratio among Hardware companies is 1.96, based on 2,492 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. D-Wave Quantum's current Current Ratio of 21.41 is 992.3% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Wave Quantum's current Current Ratio is 21.41, which is 1089% above median its own 10-year median of 1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-Wave Quantum stock overvalued right now?
Based on GuruFocus' analysis, D-Wave Quantum (QBTS) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.45, compared to a current price of $22.76 — trading 829% above its estimated fair value. The current Current Ratio is 21.41, which is 1089% above median its 10-year median of 1.80 and 992.3% above the Hardware industry median of 1.96. D-Wave Quantum's overall GF Score™ is 64/100 with 4 warning signs to review. 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 D-Wave Quantum (QBTS), the current Current Ratio is 21.41 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.
Is D-Wave Quantum (QBTS) Overvalued in 2026?
Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued.
The current stock price of $22.76 is trading 829% above its estimated GF Value™ of $2.45.
GuruFocus considers D-Wave Quantum to be Significantly Overvalued.
Key valuation signals for QBTS:
Current Ratio: 21.41 (1089% above median its 10-year median of 1.80)
GF Value™: $2.45 vs. price of $22.76 (829% above fair value)
Industry Position: 992.3% above the Hardware median (#32 of 2492)
No single metric tells the full story. See the QBTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
64GF Score
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