Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the quick ratio (acid-test) high or low?
The quick ratio (acid-test) of 2.13 is 81% above its 5-year average of 1.18, around the middle of its 5-year range (0.42–3.03).
As of the fiscal period ended Tuesday, June 30, 2026. 4.53% above its 12-month average of 2.03.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
2.13
QUICK RATIO (ACID-TEST) AVG TTM
2.03
QUICK RATIO (ACID-TEST) AVG 3Y
1.24
QUICK RATIO (ACID-TEST) AVG 5Y
1.09
QUICK RATIO (ACID-TEST) AVG 10Y
1.31
QUICK RATIO (ACID-TEST) AVG 15Y
1.31
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+4.53%
CURRENT VS 3Y AVG
+70.95%
CURRENT VS 5Y AVG
+95.97%
CURRENT VS 10Y AVG
+62.19%
CURRENT VS 15Y AVG
+62.59%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
1.79
median of 99 covered companies
CURRENT VS SECTOR MEDIAN
+18.80%
vs the sector median at left
Applied Optoelectronics, Inc.
Market Cap
$11.04B
Quick Ratio (Acid-Test)
2.13
TTM Avg
2.03
3Y Avg
1.24
5Y Avg
1.09
Market Cap
$11.04B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.27
3Y Avg
1.19
5Y Avg
1.20
Market Cap
$10.52B
Quick Ratio (Acid-Test)
1.94
TTM Avg
1.76
3Y Avg
2.72
5Y Avg
2.56
Market Cap
$11.75B
Quick Ratio (Acid-Test)
1.07
TTM Avg
1.10
3Y Avg
1.11
5Y Avg
1.11
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. (AAOI) | $11.04B | 2.13 | 2.03 | 1.24 | 1.09 |
| Jack Henry & Associates, Inc. (JKHY)vs › | $11.04B | N/A | 1.27 | 1.19 | 1.20 |
| Rambus Inc. (RMBS)vs › | $11.00B | 9.08 | 7.87 | 6.60 | 6.15 |
| Dayforce Inc (DAY)vs › | $11.18B | N/A | 1.13 | 1.11 | 1.09 |
| HubSpot, Inc. (HUBS)vs › | $10.85B | N/A | 1.67 | 1.91 | 2.21 |
| DocuSign, Inc. (DOCU)vs › | $11.52B | N/A | 0.77 | 0.81 | 0.87 |
| Skyworks Solutions, Inc. (SWKS)vs › | $10.52B | 1.94 | 1.76 | 2.72 | 2.56 |
| Paycom Software, Inc. (PAYC)vs › | $11.75B | 1.07 | 1.10 | 1.11 | 1.11 |
| GoDaddy Inc. (GDDY)vs › | $12.05B | N/A | 0.67 | 0.61 | 0.63 |
| Nova Ltd. (NVMI)vs › | $12.28B | 1.39 | 3.69 | 3.21 | 3.79 |
Quick Ratio
2.13
Excludes inventory
Current Ratio
2.78
Includes inventory
Quick Ratio = (Current Assets − Inventory) / Current Liabilities
The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2026-06-30 | 2.13 |
| 2026-03-31 | 3.03 |
| 2025-12-31 | 1.91 |
| 2025-09-30 | 1.63 |
| 2025-06-30 | 1.47 |
| 2025-03-31 | 1.34 |
| 2024-12-31 | 1.25 |
| 2024-09-30 | 1.06 |
| 2024-06-30 | 0.97 |
| 2024-03-31 | 1.06 |
| 2023-12-31 | 1.16 |
| 2023-09-30 | 0.51 |
| 2023-06-30 | 0.42 |
| 2023-03-31 | 0.44 |
| 2022-12-31 | 0.75 |
| 2022-09-30 | 0.71 |
| 2022-06-30 | 0.74 |
| 2022-03-31 | 0.87 |
| 2021-12-31 | 0.93 |
| 2021-09-30 | 1.14 |
| 2021-06-30 | 1.19 |
| 2021-03-31 | 1.05 |
| 2020-12-31 | 0.96 |
| 2020-09-30 | 0.90 |
| 2020-06-30 | 0.97 |
| 2020-03-31 | 1.00 |
| 2019-12-31 | 1.18 |
| 2019-09-30 | 1.68 |
| 2019-06-30 | 1.75 |
| 2019-03-31 | 1.82 |
| 2018-12-31 | 1.30 |
| 2018-09-30 | 1.30 |
| 2018-06-30 | 1.92 |
| 2018-03-31 | 2.14 |
| 2017-12-31 | 2.18 |
| 2017-09-30 | 2.02 |
| 2017-06-30 | 2.07 |
| 2017-03-31 | 2.02 |
| 2016-12-31 | 1.76 |
| 2016-09-30 | 1.52 |
| 2016-06-30 | 1.20 |
| 2016-03-31 | 1.29 |
| 2015-12-31 | 1.18 |
| 2015-09-30 | 1.53 |
| 2015-06-30 | 1.13 |
| 2015-03-31 | 1.11 |
| 2014-12-31 | 1.63 |
| 2014-09-30 | 1.99 |
| 2014-06-30 | 1.86 |
| 2014-03-31 | 2.27 |
| 2013-12-31 | 1.49 |
| 2013-09-30 | 0.97 |
| 2013-06-30 | 0.93 |
| 2013-03-31 | 1.04 |
| 2012-12-31 | 1.05 |
| 2012-09-30 | 0.00 |
