Clean HarborsCLH +1.01%87 Quick Ratio is 1.99 as of Mar. 2026, which is 14% above its 10-year median of 1.75. GuruFocus rates CLH with a GF Score™ of 87/100 and a GF Value™ of $243.43 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 248 Waste Management companies, Clean Harbors ranks better than 66.94% 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 Harbors's quick ratio for the quarter that ended in Mar. 2026 was 1.99.
Clean Harbors has a quick ratio of 1.99. It generally indicates good short-term financial strength.
The historical rank and industry rank for Clean Harbors's Quick Ratio or its related term are showing as below:
CLH'
s Quick Ratio Range Over the Past 10 Years
Min: 1.59 Med: 1.75 Max: 2.1
Current: 1.99
During the past 13 years, Clean Harbors's highest Quick Ratio was 2.10. The lowest was 1.59. And the median was 1.75.
CLH's Quick Ratio is ranked better than 66.94% of 248
companies
in the Waste Management industry
Industry Median: 1.42
vs CLH: 1.99
Clean Harbors (NYSE:CLH) 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 Harbors Quick Ratio Related Terms
Clean Harbors Quick Ratio Historical Data
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The historical data trend for Clean Harbors'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, Clean Harbors'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 Harbors Quick Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Clean Harbors's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Clean Harbors'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 Harbors'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.
Clean Harbors (CLH) has a Quick Ratio of 1.99 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Clean Harbors and its competitors. This is 14% above median its historical median of 1.75. Over the past decade, Clean Harbors' Quick Ratio has ranged from 1.59 to 2.10. According to the industry distribution chart, Clean Harbors ranks #82 out of 248 companies in the Waste Management industry, placing it in the top 33.1%.
Is Clean Harbors' Quick Ratio too high?
Clean Harbors' current Quick Ratio of 1.99 is 14% above median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 2.10. The Waste Management industry median Quick Ratio is 1.42. Clean Harbors' value of 1.99 is 40.1% above this industry median. Based on the distribution chart, Clean Harbors ranks #82 out of 248 companies in the Waste Management industry, which is above the industry midpoint. Overall, Clean Harbors has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clean Harbors' Quick Ratio compare to GFL and CWST?
According to the Waste Management industry distribution chart, Clean Harbors ranks #82 out of 248 companies for Quick Ratio. This puts Clean Harbors in the upper half of its industry. The industry median Quick Ratio is 1.42. Clean Harbors' value of 1.99 is 40.1% above this benchmark. Historically, Clean Harbors' own Quick Ratio has ranged from 1.59 to 2.10 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 1.42, Clean Harbors 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. Clean Harbors's current Quick Ratio of 1.99 is 40.1% 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 Harbors 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. Clean Harbors's current Quick Ratio is 1.99, which is 14% above median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Harbors stock overvalued right now?
Based on GuruFocus' analysis, Clean Harbors (CLH) is currently considered Modestly Overvalued. The stock's GF Value™ is $243.43, compared to a current price of $301.79 — trading 24% above its estimated fair value. The current Quick Ratio is 1.99, which is 14% above median its 10-year median of 1.75 and 40.1% above the Waste Management industry median of 1.42. Clean Harbors' overall GF Score™ is 87/100 with 7 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 Harbors (CLH), the current Quick Ratio is 1.99 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 Clean Harbors (CLH) Overvalued in 2026?
Based on GuruFocus' analysis, Clean Harbors stock appears to be overvalued.
The current stock price of $301.79 is trading 24% above its estimated GF Value™ of $243.43.
GuruFocus considers Clean Harbors to be Modestly Overvalued.
Key valuation signals for CLH:
Quick Ratio: 1.99 (14% above median its 10-year median of 1.75)
GF Value™: $243.43 vs. price of $301.79 (24% above fair value)
Industry Position: 40.1% above the Waste Management median (#82 of 248)
No single metric tells the full story. See the CLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clean Harbors Inc is an environmental and industrial services provider that provides parts cleaning and related environmental services to commercial, industrial, and automotive customers. Its business segments are Environmental Services and Safety-Kleen Sustainability Solutions. Environmental Services includes waste collection, transportation, treatment, recycling, and disposal, along with industrial maintenance services. Safety-Kleen Sustainability Solutions provides used oil collection and manufactures base oil, vacuum gas oil, and lubricants. The company generates the majority of its revenues from the Environmental Services segment and operates in the United States, with maximum revenue, and Canada.
87GF Score
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