What is Fuel Tech's cash ratio?

Fuel Tech (FTEK) reported cash ratio of 1.8× in Q1 2026.

How has Fuel Tech's cash ratio changed year-over-year?

Fuel Tech's cash ratio decreased by 33.8% year-over-year, from 2.8× to 1.8×.

What is the long-term trend for Fuel Tech's cash ratio?

Over 5 years (2020 to 2025), Fuel Tech's cash ratio has grown at a -0.2% compound annual growth rate (CAGR), from 1.9× to 1.9×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Fuel Tech FTEK Cash ratio

Cash ratio at other companies

Ceco EnvironmentalCECO

0.1×-0.4×

Babcock & Wilcox EnterprisesBW

0.4×+0.2×

Arq, Inc.ARQ

0.4×0.0×

Future FuelFF

1.3×-1.9×

Flotek IndustriesFTK

0.1×-0.1×

InnospecIOSP

0.9×0.0×

Other financials

Income statement

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Revenue$6.1M-4.7%

Gross profit$3.1M+16.6%

Operating income-$920.3K+21.7%

Net income-$1.4M-133%

EPS (diluted)-$0.02-33.3%

Balance sheet

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Cash & equivalents$9.1M-22.9%

Total debt$557.0K-8.2%

Total equity$38.6M-7.0%

Total assets$44.5M-4.8%

Cash flow

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Operating cash flow-$847.0K-156%

CapEx$322.0K+395%

Free cash flow-$1.2M-181%

Valuation

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Market cap$68.88M-11.2%

Enterprise value$60.32M-10.8%

P/S2.6×-0.5×

Profitability

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Gross margin46.4%+4.2pp

Operating margin-13.8%-2.9pp

Net margin-11.7%+13.3pp

FCF margin-9.5%—

Returns & leverage

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Return on equity-7.7%+12.8pp

Debt / equity0×0.0×

Current ratio5.4×-1.4×

Where this comes from

Calculated from Fuel Tech’s reported figures.

cash and equivalents/total current liabilities=1.8×

Based on the most recent quarter.

The official record: Fuel Tech’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fuel Tech's cash ratio?: Fuel Tech (FTEK) reported cash ratio of 1.8× in Q1 2026.
How has Fuel Tech's cash ratio changed year-over-year?: Fuel Tech's cash ratio decreased by 33.8% year-over-year, from 2.8× to 1.8×.
What is the long-term trend for Fuel Tech's cash ratio?: Over 5 years (2020 to 2025), Fuel Tech's cash ratio has grown at a -0.2% compound annual growth rate (CAGR), from 1.9× to 1.9×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.