Clean Teq WaterASX:CNQ +1.11%27 Quick Ratio is 2.16 as of Dec. 2025, which is at its 10-year median of 2.16. GuruFocus rates ASX:CNQ with a GF Score™ of 27/100 and a GF Value™ of A$0.38 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 509 Utilities - Regulated companies, Clean Teq Water ranks better than 88.02% 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. Clean Teq Water's quick ratio for the quarter that ended in Dec. 2025 was 2.16.
Clean Teq Water has a quick ratio of 2.16. It generally indicates good short-term financial strength.
The historical rank and industry rank for Clean Teq Water's Quick Ratio or its related term are showing as below:
ASX:CNQ'
s Quick Ratio Range Over the Past 10 Years
Min: 1.11 Med: 2.16 Max: 11.57
Current: 2.16
During the past 4 years, Clean Teq Water's highest Quick Ratio was 11.57. The lowest was 1.11. And the median was 2.16.
ASX:CNQ's Quick Ratio is ranked better than 88.02% of 509
companies
in the Utilities - Regulated industry
Industry Median: 1.01
vs ASX:CNQ: 2.16
Clean Teq Water (ASX:CNQ) 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.
Clean Teq Water Quick Ratio Related Terms
Clean Teq Water Quick Ratio Historical Data
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The historical data trend for Clean Teq Water'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 Utilities - Regulated Water subindustry, Clean Teq Water'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.
Clean Teq Water Quick Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Clean Teq Water's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Clean Teq Water'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.
Clean Teq Water's Quick Ratio for the fiscal year that ended in Jun. 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.
Clean Teq Water (ASX:CNQ) has a Quick Ratio of 2.16 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Clean Teq Water and its competitors. This is near median its historical median of 2.16. Over the past decade, Clean Teq Water's Quick Ratio has ranged from 1.11 to 11.57. According to the industry distribution chart, Clean Teq Water ranks #61 out of 509 companies in the Utilities - Regulated industry, placing it in the top 12%.
Is Clean Teq Water's Quick Ratio too high?
Clean Teq Water's current Quick Ratio of 2.16 is near median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 11.57. The Utilities - Regulated industry median Quick Ratio is 1.01. Clean Teq Water's value of 2.16 is 113.9% above this industry median. Based on the distribution chart, Clean Teq Water ranks #61 out of 509 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Clean Teq Water has a GF Score™ of 27/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clean Teq Water's Quick Ratio compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Clean Teq Water ranks #61 out of 509 companies for Quick Ratio. This places Clean Teq Water in the top 12% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.01. Clean Teq Water's value of 2.16 is 113.9% above this benchmark. Historically, Clean Teq Water's own Quick Ratio has ranged from 1.11 to 11.57 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 1.01, Clean Teq Water 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 an Utilities - Regulated company?
The median Quick Ratio among Utilities - Regulated companies is 1.01, based on 509 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. Clean Teq Water's current Quick Ratio of 2.16 is 113.9% 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 Clean Teq Water and its competitors. For the Utilities - Regulated industry, the median Quick Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clean Teq Water's current Quick Ratio is 2.16, which is near median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Teq Water stock overvalued right now?
Based on GuruFocus' analysis, Clean Teq Water (ASX:CNQ) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.38, compared to a current price of A$0.46 — trading 19.7% above its estimated fair value. The current Quick Ratio is 2.16, which is near median its 10-year median of 2.16 and 113.9% above the Utilities - Regulated industry median of 1.01. Clean Teq Water's overall GF Score™ is 27/100 with 5 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 Clean Teq Water (ASX:CNQ), the current Quick Ratio is 2.16 as of Dec. 2025. 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 Clean Teq Water (ASX:CNQ) Overvalued in 2026?
Based on GuruFocus' analysis, Clean Teq Water stock appears to be overvalued.
The current stock price of A$0.46 is trading 19.7% above its estimated GF Value™ of A$0.38.
GuruFocus considers Clean Teq Water to be Modestly Overvalued.
Key valuation signals for ASX:CNQ:
Quick Ratio: 2.16 (near median its 10-year median of 2.16)
GF Value™: A$0.38 vs. price of A$0.46 (19.7% above fair value)
Industry Position: 113.9% above the Utilities - Regulated median (#61 of 509)
No single metric tells the full story. See the ASX:CNQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clean Teq Water Ltd provides inventive metals recovery and water treatment solutions for governments and companies. Its technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. It focuses on sectors such as municipal wastewater, surface water, industrial wastewater and mining process water. The company has offices and laboratories in Melbourne, Perth, Beijing and Tianjin, and partner offices in Africa and Latin America.
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