JOBY Quick Ratio Analysis

JOBY’s current quick ratio of 7.68x means the company holds $7.68 in liquid assets (cash, equivalents, and receivables) for every $1 of current liabilities, indicating a very strong ability to meet short-term obligations without relying on inventory sales.

This ratio sits far above the Industrials sector median of 0.68x, placing JOBY in the 96th percentile among its peers. The year-over-year change is not available, but the quarter-over-quarter change shows a sharp decline of 64.7% from 21.76x to 7.68x. While the absolute level still signals ample liquidity, the steep quarterly drop suggests a rapid deployment of cash or increase in current liabilities, which could signal higher cash burn risk. This combination of a very high current ratio paired with a large sequential decrease implies that the margin of safety is narrowing, raising caution despite the still-elevated level. The metric therefore contradicts the overall CAUTIOUS verdict only in the sense that the starting point is extremely high, but the direction of change supports the cautious stance by highlighting increasing liquidity pressure.

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