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Cash ratio at other companies

Illumina logo
IlluminaILMN
0.7×-0.1×
Natera, Inc. logo
Natera, Inc.NTRA
1.9×-0.7×
Quest Diagnostics logo
Quest DiagnosticsDGX
0.2×0.0×
Agilent Technologies logo
Agilent TechnologiesA
0.8×+0.1×
Labcorp Holdings logo
Labcorp HoldingsLH
0.4×+0.2×
Abbott logo
AbbottABT
0.4×-0.1×

Other financials

Income statement

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Revenue$301.7M+48.3%
Gross profit$196.7M+52.8%
Operating income-$121.4M-9.3%
Net income-$112.1M-17.8%
EPS (diluted)-$0.85-10.4%

Balance sheet

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Cash & equivalents$1.1B+37.0%
Total debt$1.7B+30.5%
Total equity-$181.1M+27.8%
Total assets$1.9B+42.5%

Cash flow

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Operating cash flow-$65.6M-4.7%
CapEx$5.6M+25.1%
Free cash flow-$71.2M-6.0%

Valuation

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Market cap$17.12B+130%
Enterprise value$17.72B+121%
P/S15.9×+6.3×

Profitability

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Gross margin64.9%+3.6pp
Operating margin-41.4%-9.4pp
Net margin-40.1%-8.1pp

Returns & leverage

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Return on equity-438.1%-1,655pp
Debt / equity
Current ratio4.7×+0.6×

Where this comes from

Calculated from Guardant Health’s reported figures.

Based on the most recent quarter.

The official record: Guardant Health’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Guardant Health's cash ratio?
Guardant Health (GH) reported cash ratio of 3.8× in Q1 2026.
How has Guardant Health's cash ratio changed year-over-year?
Guardant Health's cash ratio increased by 5.9% year-over-year, from 3.6× to 3.8×.
What is the long-term trend for Guardant Health's cash ratio?
Over 4 years (2021 to 2025), Guardant Health's cash ratio has grown at a -21.5% compound annual growth rate (CAGR), from 29.5× to 11.2×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.