Aqua MetalsAQMS -3.51%25 Quick Ratio is 3.00 as of Mar. 2026, which is 13% above its 10-year median of 2.65. GuruFocus rates AQMS with a GF Score™ of 25/100. The stock has 3 warning signs investors should review. Among 248 Waste Management companies, Aqua Metals ranks better than 83.06% 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. Aqua Metals's quick ratio for the quarter that ended in Mar. 2026 was 3.00.
Aqua Metals has a quick ratio of 3.00. It generally indicates good short-term financial strength.
The historical rank and industry rank for Aqua Metals's Quick Ratio or its related term are showing as below:
AQMS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.28 Med: 2.65 Max: 7.89
Current: 3
During the past 12 years, Aqua Metals's highest Quick Ratio was 7.89. The lowest was 0.28. And the median was 2.65.
AQMS's Quick Ratio is ranked better than 83.06% of 248
companies
in the Waste Management industry
Industry Median: 1.42
vs AQMS: 3.00
Aqua Metals (NAS:AQMS) 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.
Aqua Metals Quick Ratio Related Terms
Aqua Metals Quick Ratio Historical Data
* Premium members only.
The historical data trend for Aqua Metals'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 Waste Management subindustry, Aqua Metals'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.
Aqua Metals Quick Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Aqua Metals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Aqua Metals'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.
Aqua Metals'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.
Aqua Metals (AQMS) has a Quick Ratio of 3.00 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Aqua Metals and its competitors. This is 13% above median its historical median of 2.65. Over the past decade, Aqua Metals' Quick Ratio has ranged from 0.28 to 7.89. According to the industry distribution chart, Aqua Metals ranks #42 out of 248 companies in the Waste Management industry, placing it in the top 16.9%.
Is Aqua Metals' Quick Ratio too high?
Aqua Metals' current Quick Ratio of 3.00 is 13% above median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 7.89. The Waste Management industry median Quick Ratio is 1.42. Aqua Metals' value of 3.00 is 111.3% above this industry median. Based on the distribution chart, Aqua Metals ranks #42 out of 248 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Aqua Metals has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Aqua Metals' Quick Ratio compare to AWX and OCLN?
According to the Waste Management industry distribution chart, Aqua Metals ranks #42 out of 248 companies for Quick Ratio. This places Aqua Metals in the top 17% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.42. Aqua Metals' value of 3.00 is 111.3% above this benchmark. Historically, Aqua Metals' own Quick Ratio has ranged from 0.28 to 7.89 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 1.42, Aqua Metals 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 Waste Management company?
The median Quick Ratio among Waste Management companies is 1.42, based on 248 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. Aqua Metals's current Quick Ratio of 3.00 is 111.3% 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 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 Aqua Metals and its competitors. For the Waste Management industry, the median Quick Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqua Metals's current Quick Ratio is 3.00, which is 13% above median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqua Metals stock overvalued right now?
Aqua Metals (AQMS) has a current Quick Ratio of 3.00. The current Quick Ratio is 3.00, which is 13% above median its 10-year median of 2.65 and 111.3% above the Waste Management industry median of 1.42. Aqua Metals' overall GF Score™ is 25/100 with 3 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 Aqua Metals (AQMS), the current Quick Ratio is 3.00 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.
Aqua Metals Inc is developing and seeking to commercialize proprietary recycling and refining technologies for the recovery of critical minerals and metals. Its patented and patent-pending AquaRefining process is an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system powered by electricity. Its idea is to reduce CAPEX and OPEX costs, reduce emissions, hazardous waste, and reliance on conventional smelting and chemical-intensive refining processes. It has one operating segment: sustainable metals recycling. It focused on the development and commercialization of AquaRefining technology for the clean and efficient recovery of valuable metals from lead-acid and lithium-ion batteries.
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