LiqTech International, Inc. (LIQT) Key Metrics
LIQT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $12.5M
- Enterprise value
- $14.6M
- P/E (TTM)
- —
- Forward P/E
- 28.4
- PEG ratio
- 0.80
- Price / sales
- 0.8
- Price / book
- 0.9
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.14
LIQT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLIQT returns How much profit the business earns on the capital it uses.
LIQT financial health Debt, liquidity and how easily interest is covered.
LIQT efficiency & capital use Working capital cycle and where the cash goes.
LIQT valuation history
LIQT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LIQT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LIQT price vs earnings per share
LIQT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $14.0M | — | — | — | — | — | — | — | — | — |
| Enterprise value | $26.2M | — | — | — | — | — | — | — | — | — |
| Price / sales | 0.9 | — | — | — | — | — | — | — | — | — |
| Price / book | 1.3 | — | — | — | — | — | — | — | — | — |
| EV / sales | 1.6 | — | — | — | — | — | — | — | — | — |
| Earnings yield | −60.8% | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | −46.3% | — | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $1.46 | $1.84 | $3.41 | $3.04 | $45.76 | $64.00 | $46.80 | $43.84 | $18.18 | $20.48 |
| Per share | ||||||||||
| Revenue per share | $1.72 | — | — | — | — | — | — | — | — | — |
| Earnings per share | −$0.89 | — | — | — | — | — | — | — | — | — |
| Operating cash flow per share | −$0.64 | — | — | — | — | — | — | — | — | — |
| Free cash flow per share | −$0.68 | — | — | — | — | — | — | — | — | — |
| Cash per share | $0.53 | — | — | — | — | — | — | — | — | — |
| Book value per share | $1.09 | — | — | — | — | — | — | — | — | — |
| Tangible book value per share | $1.06 | — | — | — | — | — | — | — | — | — |
| Capex per share | $0.04 | — | — | — | — | — | — | — | — | — |
| Debt per share | $1.80 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 9.6M | — | — | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −63.0% | −61.0% | −42.2% | −78.5% | −59.2% | −41.0% | 0.3% | −49.4% | −67.7% | −113.9% |
| Return on invested capital (ROIC) | −32.6% | −39.9% | −31.0% | −47.6% | −38.7% | −30.3% | −3.5% | −76.8% | −75.0% | −77.5% |
| Return on assets (ROA) | −28.6% | −30.2% | −22.5% | −33.3% | −25.5% | −24.3% | 0.2% | −30.7% | −38.6% | −83.2% |
| Return on tangible assets | −31.6% | −32.2% | −24.1% | −35.7% | −25.0% | −23.7% | 0.1% | −29.0% | −38.2% | −143.9% |
| Free cash flow margin | −39.4% | −61.0% | −39.3% | −85.9% | −45.6% | −28.4% | −21.8% | −33.5% | −30.4% | 0.3% |
| Income quality (OCF / net income) | — | — | — | — | — | — | −114.77 | — | — | — |
| Financial health | ||||||||||
| Total debt | $17.3M | $11.8M | $12.2M | $11.5M | $24.5M | $8.7M | $5.3M | $13,789 | $26,186 | $194,754 |
| Cash & short-term investments | $5.1M | $10.9M | $9.5M | $15.2M | $15.4M | $11.7M | $7.1M | $3.8M | $2.5M | $1.2M |
| Net debt | $12.2M | $944,935 | $2.7M | −$3.6M | $9.1M | −$3.1M | −$1.7M | −$3.8M | −$2.5M | −$1.0M |
| Debt / equity | 1.66 | 0.71 | 0.71 | 0.49 | 1.91 | 0.35 | 0.23 | 0.00 | 0.00 | 0.03 |
| Debt / assets | 0.63 | 0.36 | 0.34 | 0.29 | 0.54 | 0.21 | 0.14 | 0.00 | 0.00 | 0.02 |
| Net debt / EBITDA | — | — | — | — | — | — | −1.56 | — | — | — |
| Current ratio | 3.38 | 4.21 | 2.95 | 4.55 | 1.66 | 2.61 | 2.66 | 2.46 | 1.98 | 1.70 |
| Quick ratio | 2.01 | 3.08 | 2.24 | 3.88 | 1.34 | 2.05 | 2.16 | 1.50 | 1.00 | 0.67 |
| Interest coverage | -26.3 | -56.6 | -51.4 | -29.8 | -15.1 | -68.3 | -30.6 | -62.5 | -100.4 | -337.3 |
| Working capital | $11.2M | $15.7M | $14.6M | $21.6M | $11.2M | $15.8M | $17.2M | $6.8M | $4.7M | $3.5M |
| Invested capital | $22.6M | $17.6M | $20.0M | $19.7M | $21.9M | $21.8M | $21.3M | $4.8M | $4.5M | $5.3M |
| Tangible asset value | $10.1M | $16.4M | $16.9M | $22.9M | $12.2M | $24.1M | $22.3M | $8.5M | $6.9M | $6.3M |
| Net current asset value | −$946,610 | $4.9M | $3.4M | $10.9M | −$4.2M | $8.3M | $11.9M | $6.8M | $4.7M | $3.4M |
| Graham net-net per share | −$0.57 | — | — | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | — | — | 0.0% |
| Capex / revenue | 2.4% | 9.4% | 16.1% | 10.6% | 6.2% | 16.9% | 7.9% | 1.5% | 1.2% | 2.7% |
| Capex / operating cash flow | — | — | — | — | — | — | — | — | — | 89.9% |
| Capex / depreciation | 0.17 | 0.50 | 0.92 | 0.65 | 0.41 | 1.35 | 1.91 | 0.28 | 0.15 | 0.27 |
| Stock-based compensation / revenue | 6.0% | 4.5% | 3.5% | 5.8% | 2.6% | 1.5% | 0.6% | 1.0% | 1.6% | 3.1% |
| R&D / revenue | 7.0% | 9.3% | 7.9% | 11.5% | 10.2% | 5.7% | 2.3% | 5.4% | 4.7% | 4.5% |
| SG&A / revenue | 50.9% | 57.4% | 50.9% | 58.6% | 56.9% | 40.5% | 21.4% | 40.0% | 37.7% | 47.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 90.9 | 126.5 | 107.7 | 96.2 | 96.9 | 144.0 | 83.7 | 78.8 | 69.4 | 108.6 |
| Days of inventory on hand | 143.8 | 137.4 | 111.8 | 112.3 | 119.6 | 96.0 | 69.0 | 148.6 | 161.2 | 147.6 |
| Days payables outstanding | 34.1 | 47.6 | 46.0 | 35.9 | 43.5 | 59.7 | 46.3 | 63.7 | 66.2 | 83.7 |
| Cash conversion cycle (days) | 200.6 | 216.3 | 173.6 | 172.6 | 173.0 | 180.3 | 106.4 | 163.7 | 164.4 | 172.6 |
| Receivables turnover | 4.01 | 2.88 | 3.39 | 3.79 | 3.77 | 2.53 | 4.36 | 4.63 | 5.26 | 3.36 |
| Payables turnover | 10.69 | 7.66 | 7.94 | 10.15 | 8.39 | 6.11 | 7.89 | 5.73 | 5.52 | 4.36 |
| Inventory turnover | 2.54 | 2.66 | 3.26 | 3.25 | 3.05 | 3.80 | 5.29 | 2.46 | 2.26 | 2.47 |
| Asset turnover | 0.55 | 0.43 | 0.47 | 0.38 | 0.42 | 0.56 | 1.26 | 0.98 | 0.98 | 0.70 |
| Average receivables | $4.1M | $5.1M | $5.3M | $4.2M | $4.9M | $8.9M | $7.5M | $2.6M | $2.2M | $4.1M |
| Average payables | $1.4M | $1.9M | $1.9M | $1.5M | $2.0M | $3.3M | $3.2M | $1.9M | $2.0M | $2.9M |
| Average inventory | $6.0M | $5.4M | $4.7M | $4.7M | $5.5M | $5.4M | $4.8M | $4.5M | $4.9M | $5.0M |
| Intangibles / total assets | 1.0% | 0.8% | 1.0% | 1.1% | 1.3% | 1.8% | 1.9% | 0.0% | 0.0% | 0.0% |
Computed from LIQT's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LIQT valuation and financial ratios
LiqTech International earned a return on equity of −63.0% and a return on invested capital of −32.6% in fiscal 2025. It ended the year with $17.3 million of debt and $5.1 million in cash and short-term investments, net debt of $12.2 million.
See the LIQT income statement, the LIQT chart for price history, or the LIQT stock overview for the latest quote and news.
LIQT key metrics FAQ
What is LiqTech International's return on equity?
LiqTech International's return on equity (ROE) was −63.0% in fiscal 2025: net income of -$8.5 million on average shareholders' equity of $13.5 million.
What is LiqTech International's ROIC?
LiqTech International's return on invested capital was −32.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does LiqTech International have?
LiqTech International had total debt of $17.3 million at the end of fiscal 2025, a debt-to-equity ratio of 1.66.
What is LiqTech International's free cash flow yield?
LiqTech International generated -$6.5 million of free cash flow in fiscal 2025, a free cash flow yield of −46.3% on its market value at year-end ($14.0 million).
What is LiqTech International's current ratio?
LiqTech International's current ratio was 3.38 at the end of fiscal 2025: current assets were 3.38 times current liabilities.