Quick Ratio

A quick ratio measures a company’s ability to pay short-term debts using its most liquid assets (cash, marketable securities, receivables), excluding inventory.

JOBY’s current quick ratio of 7.68x is far above the Industrials sector median of 0.68x, placing it in the 96th percentile of peers. The year-over-year change is not available, but the quarter-over-quarter change is a decline of 64.7% from the prior quarter’s 21.76x. A quick ratio this high suggests ample short-term liquidity, but the steep sequential drop points to a rapidly shrinking cash-like buffer, which could indicate increased spending or reduced cash inflows. This combination of an elevated level with a sharp downward trend raises the risk that liquidity could deteriorate further, making the stock less predictable. The metric supports the overall CAUTIOUS verdict because the large decline signals potential financial strain even while the current level remains strong.

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