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GFL EnvironmentalTSX:GFL -0.47%69 Current Ratio is 1.51 as of Mar. 2026, which is 72% above its 10-year median of 0.88. GuruFocus rates TSX:GFL with a GF Score™ of 69/100 and a GF Value™ of C$59.35 (Fairly Valued). The stock has 4 warning signs investors should review. Among 244 Waste Management companies, GFL Environmental ranks worse than 52.05% 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. GFL Environmental's current ratio for the quarter that ended in Mar. 2026 was 1.51.
GFL Environmental has a current ratio of 1.51. It generally indicates good short-term financial strength.
The historical rank and industry rank for GFL Environmental's Current Ratio or its related term are showing as below:
TSX:GFL'
s Current Ratio Range Over the Past 10 Years
Min: 0.51 Med: 0.88 Max: 3
Current: 1.51
During the past 10 years, GFL Environmental's highest Current Ratio was 3.00. The lowest was 0.51. And the median was 0.88.
TSX:GFL's Current Ratio is ranked worse than 52.05% of 244
companies
in the Waste Management industry
Industry Median: 1.55
vs TSX:GFL: 1.51
GFL Environmental (TSX:GFL) 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.
GFL Environmental Current Ratio Related Terms
GFL Environmental Current Ratio Historical Data
* Premium members only.
The historical data trend for GFL Environmental'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.
TSX:GFL vs CLH, CWST, ONT: Current Ratio Comparison
For the Waste Management subindustry, GFL Environmental'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.
GFL Environmental Current Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, GFL Environmental's Current Ratio distribution charts can be found below:
* The bar in red indicates where GFL Environmental'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.
GFL Environmental (TSX:GFL) has a Current Ratio of 1.51 as of Mar. 2026. This is 72% above median its historical median of 0.88. Over the past decade, GFL Environmental's Current Ratio has ranged from 0.51 to 3.00. According to the industry distribution chart, GFL Environmental ranks #127 out of 244 companies in the Waste Management industry, placing it in the top 52%.
Is GFL Environmental's Current Ratio too high?
GFL Environmental's current Current Ratio of 1.51 is 72% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 3.00. The Waste Management industry median Current Ratio is 1.55. GFL Environmental's value of 1.51 is 2.6% below this industry median. Based on the distribution chart, GFL Environmental ranks #127 out of 244 companies in the Waste Management industry, which is below the industry midpoint. Overall, GFL Environmental has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GFL Environmental's Current Ratio compare to CLH and CWST?
According to the Waste Management industry distribution chart, GFL Environmental ranks #127 out of 244 companies for Current Ratio. This places GFL Environmental in the lower half of its industry. The industry median Current Ratio is 1.55. GFL Environmental's value of 1.51 is 2.6% below this benchmark. Historically, GFL Environmental's own Current Ratio has ranged from 0.51 to 3.00 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 1.55, GFL Environmental 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 Waste Management company?
The median Current Ratio among Waste Management companies is 1.55, based on 244 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. GFL Environmental's current Current Ratio of 1.51 is 2.6% 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 Waste Management industry, the median Current Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GFL Environmental's current Current Ratio is 1.51, which is 72% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GFL Environmental stock overvalued right now?
Based on GuruFocus' analysis, GFL Environmental (TSX:GFL) is currently considered Fairly Valued. The stock's GF Value™ is C$59.35, compared to a current price of C$55.40 — trading 6.7% below its estimated fair value. The current Current Ratio is 1.51, which is 72% above median its 10-year median of 0.88 and 2.6% below the Waste Management industry median of 1.55. GFL Environmental's overall GF Score™ is 69/100 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 GFL Environmental (TSX:GFL), the current Current Ratio is 1.51 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 GFL Environmental (TSX:GFL) Overvalued in 2026?
Based on GuruFocus' analysis, GFL Environmental stock appears to be undervalued.
The current stock price of C$55.40 is trading 6.7% below its estimated GF Value™ of C$59.35.
GuruFocus considers GFL Environmental to be Fairly Valued.
Key valuation signals for TSX:GFL:
Current Ratio: 1.51 (72% above median its 10-year median of 0.88)
GF Value™: C$59.35 vs. price of C$55.40 (6.7% below fair value)
Industry Position: 2.6% below the Waste Management median (#127 of 244)
No single metric tells the full story. See the TSX:GFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. The company's geographical segments are Canada and the United States. The company derives the majority of its revenue from the United States.
69GF Score
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