Sphere 3DANY -6.64%58 Quick Ratio is 3.90 as of Mar. 2026, which is 394% above its 10-year median of 0.79. GuruFocus rates ANY with a GF Score™ of 58/100 and a GF Value™ of $3.00 (Fairly Valued). The stock has 4 warning signs investors should review. Among 687 Capital Markets companies, Sphere 3D ranks better than 66.52% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Sphere 3D's quick ratio for the quarter that ended in Mar. 2026 was 3.90.
Sphere 3D has a quick ratio of 3.90. It generally indicates good short-term financial strength.
The historical rank and industry rank for Sphere 3D's Quick Ratio or its related term are showing as below:
ANY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.79 Max: 32.29
Current: 3.9
During the past 13 years, Sphere 3D's highest Quick Ratio was 32.29. The lowest was 0.13. And the median was 0.79.
ANY's Quick Ratio is ranked better than 66.52% of 687
companies
in the Capital Markets industry
Industry Median: 2.1
vs ANY: 3.90
Sphere 3D (NAS:ANY) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Sphere 3D Quick Ratio Related Terms
Sphere 3D Quick Ratio Historical Data
* Premium members only.
The historical data trend for Sphere 3D's Quick 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.
For the Capital Markets subindustry, Sphere 3D's Quick Ratio, along with its competitors' market caps and Quick 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.
Sphere 3D Quick Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sphere 3D's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sphere 3D's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Sphere 3D's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Sphere 3D (ANY) has a Quick Ratio of 3.90 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Sphere 3D and its competitors. This is 394% above median its historical median of 0.79. Over the past decade, Sphere 3D's Quick Ratio has ranged from 0.13 to 32.29. According to the industry distribution chart, Sphere 3D ranks #230 out of 687 companies in the Capital Markets industry, placing it in the top 33.5%.
Is Sphere 3D's Quick Ratio too high?
Sphere 3D's current Quick Ratio of 3.90 is 394% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 32.29. The Capital Markets industry median Quick Ratio is 2.10. Sphere 3D's value of 3.90 is 85.7% above this industry median. Based on the distribution chart, Sphere 3D ranks #230 out of 687 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Sphere 3D has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's Quick Ratio compare to NCPL and MEGL?
According to the Capital Markets industry distribution chart, Sphere 3D ranks #230 out of 687 companies for Quick Ratio. This puts Sphere 3D in the upper half of its industry. The industry median Quick Ratio is 2.10. Sphere 3D's value of 3.90 is 85.7% above this benchmark. Historically, Sphere 3D's own Quick Ratio has ranged from 0.13 to 32.29 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 2.10, Sphere 3D 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 Quick Ratio for a Capital Markets company?
The median Quick Ratio among Capital Markets companies is 2.10, based on 687 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sphere 3D's current Quick Ratio of 3.90 is 85.7% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Sphere 3D and its competitors. For the Capital Markets industry, the median Quick Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere 3D's current Quick Ratio is 3.90, which is 394% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (ANY) is currently considered Fairly Valued. The stock's GF Value™ is $3.00, compared to a current price of $2.74 — trading 8.7% below its estimated fair value. The current Quick Ratio is 3.90, which is 394% above median its 10-year median of 0.79 and 85.7% above the Capital Markets industry median of 2.10. Sphere 3D's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Sphere 3D (ANY), the current Quick Ratio is 3.90 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 Sphere 3D (ANY) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere 3D stock appears to be undervalued.
The current stock price of $2.74 is trading 8.7% below its estimated GF Value™ of $3.00.
GuruFocus considers Sphere 3D to be Fairly Valued.
Key valuation signals for ANY:
Quick Ratio: 3.90 (394% above median its 10-year median of 0.79)
GF Value™: $3.00 vs. price of $2.74 (8.7% below fair value)
Industry Position: 85.7% above the Capital Markets median (#230 of 687)
No single metric tells the full story. See the ANY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
58GF Score
Get the complete analysis for ANY
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ANY has been successfully added to your 
