JOBYCAUTIOUS

JOBY Current Ratio Analysis

22.05x

Higher than 100% of Industrials sector peers

Updated 26h ago·SEC filings & market data

Key Takeaway

The current ratio of 22.05x means JOBY has $22.05 in current assets for every $1 of current liabilities, indicating an exceptionally strong ability to cover short-term obligations.

Sector Performance

100th percentile

JOBY

22.05x

Sector Median

1.18x

Sector Avg

2.81x

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Deep Analysis

The current ratio of 22.05x means JOBY has $22.05 in current assets for every $1 of current liabilities, indicating an exceptionally strong ability to cover short-term obligations.

This far exceeds the Industrials sector median of 1.18x, placing JOBY in the 100th percentile among its peers. The year-over-year and quarter-over-quarter changes are both unavailable (N/A), and no trend data exists for the last eight quarters, so no directional signal can be drawn from history. With such an extreme liquidity level but no trend context, the risk is low from a solvency standpoint, but it may reflect inefficient use of cash or limited operational scale rather than deliberate strength. This metric supports a CAUTIOUS verdict because unusually high liquidity can signal that the company is holding excess cash without deploying it into growth, which aligns with caution about near-term profitability or business execution.

Frequently Asked Questions

What does the Current Ratio tell investors about JOBY?

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.

How is the Current Ratio calculated?

Current Ratio is calculated as: Current Assets / Current Liabilities.

How does JOBY's Current Ratio compare to its sector?

JOBY's Current Ratio of 22.05x compares to a Industrials sector median of 1.18x, placing it in the 100th percentile.

Who are JOBY's closest peers by Current Ratio?

The closest Industrials peers by Current Ratio include: BA (1.18x), AME (1.14x), PWR (1.14x), BLNK (1.23x), ROK (1.09x).

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Learn More About Current Ratio

Why Working Capital Management Matters More Than You Think

Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

Current Assets / Current Liabilities

Why It Matters

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.