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 3.21 is in line with its 5-year average of 2.97, around the middle of its 5-year range (2.51–4.26).
As of the fiscal period ended Tuesday, June 30, 2026. 4.99% below its 12-month average of 3.37.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
3.21
QUICK RATIO (ACID-TEST) AVG TTM
3.37
QUICK RATIO (ACID-TEST) AVG 3Y
3.01
QUICK RATIO (ACID-TEST) AVG 5Y
2.97
QUICK RATIO (ACID-TEST) AVG 10Y
3.16
QUICK RATIO (ACID-TEST) AVG 15Y
2.89
QUICK RATIO (ACID-TEST) AVG 20Y
2.69
CURRENT VS TTM AVG
-4.99%
CURRENT VS 3Y AVG
+6.67%
CURRENT VS 5Y AVG
+7.90%
CURRENT VS 10Y AVG
+1.32%
CURRENT VS 15Y AVG
+10.95%
CURRENT VS 20Y AVG
+19.05%
SECTOR MEDIAN · TECHNOLOGY
1.67
median of 106 covered companies
CURRENT VS SECTOR MEDIAN
+92.00%
vs the sector median at left
Axcelis Technologies, Inc.
Market Cap
$3.54B
Quick Ratio (Acid-Test)
3.21
TTM Avg
3.37
3Y Avg
3.01
5Y Avg
2.97
Market Cap
$3.04B
Quick Ratio (Acid-Test)
1.95
TTM Avg
2.18
3Y Avg
2.64
5Y Avg
3.23
Market Cap
$4.19B
Quick Ratio (Acid-Test)
2.74
TTM Avg
3.94
3Y Avg
4.58
5Y Avg
4.34
Market Cap
$2.70B
Quick Ratio (Acid-Test)
2.69
TTM Avg
2.95
3Y Avg
2.46
5Y Avg
2.47
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Axcelis Technologies, Inc. (ACLS) | $3.54B | 3.21 | 3.37 | 3.01 | 2.97 |
| AXT, Inc. (AXTI)vs › | $3.08B | 4.00 | 1.41 | 1.27 | 1.66 |
| Ambarella, Inc. (AMBA)vs › | $3.04B | 1.95 | 2.18 | 2.64 | 3.23 |
| Bel Fuse Inc. (BELFB)vs › | $3.02B | 3.20 | 1.69 | 1.78 | 1.81 |
| Kulicke and Soffa Industries, Inc. (KLIC)vs › | $4.19B | 2.74 | 3.94 | 4.58 | 4.34 |
| Itron, Inc. (ITRI)vs › | $4.25B | 2.29 | 2.24 | 1.78 | 1.61 |
| monday.com Ltd. (MNDY)vs › | $4.28B | N/A | 2.58 | 2.77 | 2.69 |
| Dlocal Limited (DLO)vs › | $4.35B | N/A | 1.52 | 1.63 | 1.59 |
| Veeco Instruments Inc. (VECO)vs › | $2.70B | 2.69 | 2.95 | 2.46 | 2.47 |
| Clear Secure, Inc. (YOU)vs › | $4.44B | N/A | 1.02 | 1.32 | 1.49 |
Quick Ratio
3.21
Excludes inventory
Current Ratio
4.90
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 | 3.21 |
| 2026-03-31 | 2.99 |
| 2025-12-31 | 3.11 |
| 2025-09-30 | 3.32 |
| 2025-06-30 | 4.26 |
| 2025-03-31 | 4.08 |
| 2024-12-31 | 4.05 |
| 2024-09-30 | 3.29 |
| 2024-06-30 | 3.26 |
| 2024-03-31 | 2.87 |
| 2023-12-31 | 2.71 |
| 2023-09-30 | 2.69 |
| 2023-06-30 | 2.62 |
| 2023-03-31 | 2.51 |
| 2022-12-31 | 2.56 |
| 2022-09-30 | 2.64 |
| 2022-06-30 | 3.05 |
| 2022-03-31 | 3.02 |
| 2021-12-31 | 2.83 |
| 2021-09-30 | 2.72 |
| 2021-06-30 | 3.02 |
| 2021-03-31 | 3.64 |
| 2020-12-31 | 3.67 |
| 2020-09-30 | 3.98 |
| 2020-06-30 | 3.13 |
| 2020-03-31 | 3.39 |
| 2019-12-31 | 3.43 |
| 2019-09-30 | 3.42 |
| 2019-06-30 | 4.04 |
| 2019-03-31 | 3.73 |
| 2018-12-31 | 3.15 |
| 2018-09-30 | 3.67 |
| 2018-06-30 | 3.50 |
| 2018-03-31 | 2.94 |
| 2017-12-31 | 3.15 |
| 2017-09-30 | 2.59 |
| 2017-06-30 | 2.68 |
| 2017-03-31 | 2.73 |
| 2016-12-31 | 2.75 |
| 2016-09-30 | 2.90 |
| 2016-06-30 | 2.46 |
| 2016-03-31 | 2.70 |
| 2015-12-31 | 2.81 |
| 2015-09-30 | 2.53 |
| 2015-06-30 | 2.54 |
| 2015-03-31 | 3.04 |
| 2014-12-31 | 2.68 |
| 2014-09-30 | 2.15 |
| 2014-06-30 | 2.35 |
| 2014-03-31 | 2.67 |
| 2013-12-31 | 2.51 |
| 2013-09-30 | 2.52 |
| 2013-06-30 | 2.05 |
| 2013-03-31 | 2.09 |
| 2012-12-31 | 2.52 |
| 2012-09-30 | 2.06 |
| 2012-06-30 | 1.93 |
| 2012-03-31 | 1.86 |
| 2011-12-31 | 1.94 |
| 2011-09-30 | 1.89 |
| 2011-06-30 | 1.71 |
| 2011-03-31 | 1.54 |
| 2010-12-31 | 1.75 |
| 2010-09-30 | 1.96 |
| 2010-06-30 | 2.24 |
| 2010-03-31 | 2.52 |
| 2009-12-31 | 2.66 |
| 2009-09-30 | 2.67 |
| 2009-06-30 | 2.50 |
| 2009-03-31 | 2.29 |
| 2008-12-31 | 0.70 |
| 2008-09-30 | 0.88 |
| 2008-06-30 | 1.03 |
| 2008-03-31 | 1.09 |
| 2007-12-31 | 2.23 |
| 2007-09-30 | 2.43 |
| 2007-06-30 | 2.22 |
| 2007-03-31 | 2.28 |
| 2006-12-31 | 1.66 |
| 2006-09-30 | 1.67 |
| 2006-06-30 | 1.75 |
| 2006-03-31 | 1.61 |
| 2005-12-31 | 3.03 |
| 2005-09-30 | 3.09 |
| 2005-06-30 | 3.13 |
| 2005-03-31 | 2.98 |
| 2004-12-31 | 2.69 |
| 2004-09-30 | 2.49 |
| 2004-06-30 | 2.25 |
| 2004-03-31 | 1.97 |
| 2003-12-31 | 2.02 |
| 2003-09-30 | 2.06 |
| 2003-06-30 | 3.02 |
| 2003-03-31 | 2.95 |
| 2002-12-31 | 3.03 |
| 2002-09-30 | 3.52 |
