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 2.94 is in line with its 5-year average of 2.71, around the middle of its 5-year range (1.13–4.40).
As of the fiscal period ended Tuesday, June 30, 2026. 31.07% above its 12-month average of 2.25.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 2.94.
QUICK RATIO (ACID-TEST)
2.94
QUICK RATIO (ACID-TEST) AVG TTM
2.25
QUICK RATIO (ACID-TEST) AVG 3Y
3.47
QUICK RATIO (ACID-TEST) AVG 5Y
2.71
QUICK RATIO (ACID-TEST) AVG 10Y
3.11
QUICK RATIO (ACID-TEST) AVG 15Y
3.00
QUICK RATIO (ACID-TEST) AVG 20Y
3.45
CURRENT VS TTM AVG
+31.07%
CURRENT VS 3Y AVG
-15.17%
CURRENT VS 5Y AVG
+8.58%
CURRENT VS 10Y AVG
-5.32%
CURRENT VS 15Y AVG
-1.72%
CURRENT VS 20Y AVG
-14.66%
SECTOR MEDIAN · TECHNOLOGY
1.60
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+84.01%
vs the sector median at left
Advanced Energy Industries, Inc.
Market Cap
$11.50B
Quick Ratio (Acid-Test)
2.94
TTM Avg
2.25
3Y Avg
3.47
5Y Avg
2.71
Market Cap
$11.45B
Quick Ratio (Acid-Test)
1.17
TTM Avg
1.22
3Y Avg
1.18
5Y Avg
1.17
Market Cap
$11.77B
Quick Ratio (Acid-Test)
0.98
TTM Avg
1.27
3Y Avg
1.29
5Y Avg
1.42
Market Cap
$12.12B
Quick Ratio (Acid-Test)
1.51
TTM Avg
2.12
3Y Avg
3.31
5Y Avg
4.37
Market Cap
$12.54B
Quick Ratio (Acid-Test)
0.64
TTM Avg
0.77
3Y Avg
0.81
5Y Avg
0.87
Market Cap
$12.85B
Quick Ratio (Acid-Test)
1.91
TTM Avg
1.95
3Y Avg
1.88
5Y Avg
1.72
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Advanced Energy Industries, Inc. (AEIS) | $11.50B | 2.94 | 2.25 | 3.47 | 2.71 |
| HubSpot, Inc. (HUBS)vs › | $11.54B | 1.38 | 1.67 | 1.91 | 2.21 |
| Jack Henry & Associates, Inc. (JKHY)vs › | $11.45B | 1.17 | 1.22 | 1.18 | 1.17 |
| Manhattan Associates, Inc. (MANH)vs › | $11.77B | 0.98 | 1.27 | 1.29 | 1.42 |
| Nova Ltd. (NVMI)vs › | $11.82B | 1.35 | 3.69 | 3.21 | 3.79 |
| Gartner, Inc. (IT)vs › | $12.02B | 0.88 | 1.03 | 0.94 | 0.89 |
| Grab Holdings Limited (GRAB)vs › | $12.12B | 1.51 | 2.12 | 3.31 | 4.37 |
| DocuSign, Inc. (DOCU)vs › | $12.54B | 0.64 | 0.77 | 0.81 | 0.87 |
| Amkor Technology, Inc. (AMKR)vs › | $12.85B | 1.91 | 1.95 | 1.88 | 1.72 |
| GoDaddy Inc. (GDDY)vs › | $12.99B | 0.63 | 0.67 | 0.61 | 0.63 |
Quick Ratio
2.94
Excludes inventory
Current Ratio
3.79
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 | 2.94 |
| 2026-03-31 | 1.13 |
| 2025-12-31 | 1.17 |
| 2025-09-30 | 3.01 |
| 2025-06-30 | 2.97 |
| 2025-03-31 | 3.28 |
| 2024-12-31 | 3.27 |
| 2024-09-30 | 3.32 |
| 2024-06-30 | 4.22 |
| 2024-03-31 | 4.40 |
| 2023-12-31 | 4.10 |
| 2023-09-30 | 4.16 |
| 2023-06-30 | 2.51 |
| 2023-03-31 | 2.10 |
| 2022-12-31 | 2.07 |
| 2022-09-30 | 1.78 |
| 2022-06-30 | 1.78 |
| 2022-03-31 | 2.24 |
| 2021-12-31 | 2.23 |
| 2021-09-30 | 2.12 |
| 2021-06-30 | 2.14 |
| 2021-03-31 | 2.42 |
| 2020-12-31 | 2.56 |
| 2020-09-30 | 2.14 |
| 2020-06-30 | 1.95 |
| 2020-03-31 | 2.06 |
| 2019-12-31 | 1.99 |
| 2019-09-30 | 1.80 |
| 2019-06-30 | 4.87 |
| 2019-03-31 | 4.23 |
| 2018-12-31 | 4.26 |
| 2018-09-30 | 3.81 |
| 2018-06-30 | 4.24 |
| 2018-03-31 | 4.37 |
| 2017-12-31 | 4.87 |
| 2017-09-30 | 5.14 |
| 2017-06-30 | 4.42 |
| 2017-03-31 | 4.22 |
| 2016-12-31 | 4.02 |
| 2016-09-30 | 3.82 |
| 2016-06-30 | 3.34 |
| 2016-03-31 | 3.03 |
| 2015-12-31 | 2.74 |
| 2015-09-30 | 2.25 |
| 2015-06-30 | 2.02 |
| 2015-03-31 | 2.71 |
| 2014-12-31 | 2.50 |
| 2014-09-30 | 2.01 |
| 2014-06-30 | 2.00 |
| 2014-03-31 | 2.39 |
| 2013-12-31 | 2.51 |
| 2013-09-30 | 2.13 |
| 2013-06-30 | 1.98 |
| 2013-03-31 | 3.76 |
| 2012-12-31 | 3.26 |
| 2012-09-30 | 3.19 |
| 2012-06-30 | 3.34 |
| 2012-03-31 | 3.67 |
| 2011-12-31 | 3.40 |
| 2011-09-30 | 3.25 |
| 2011-06-30 | 3.09 |
| 2011-03-31 | 3.03 |
| 2010-12-31 | 2.78 |
| 2010-09-30 | 2.42 |
| 2010-06-30 | 2.40 |
| 2010-03-31 | 4.80 |
| 2009-12-31 | 5.06 |
| 2009-09-30 | 6.56 |
| 2009-06-30 | 7.94 |
| 2009-03-31 | 7.09 |
| 2008-12-31 | 7.04 |
| 2008-09-30 | 5.07 |
| 2008-06-30 | 5.36 |
| 2008-03-31 | 5.32 |
| 2007-12-31 | 7.08 |
| 2007-09-30 | 6.44 |
| 2007-06-30 | 5.48 |
| 2007-03-31 | 5.36 |
| 2006-12-31 | 4.68 |
| 2006-09-30 | 3.82 |
| 2006-06-30 | 3.49 |
| 2006-03-31 | 3.26 |
| 2005-12-31 | 2.82 |
| 2005-09-30 | 2.33 |
| 2005-06-30 | 4.00 |
| 2005-03-31 | 3.61 |
| 2004-12-31 | 3.55 |
| 2004-09-30 | 2.99 |
| 2004-06-30 | 2.85 |
| 2004-03-31 | 3.06 |
| 2003-12-31 | 3.25 |
| 2003-09-30 | 3.26 |
| 2003-06-30 | 3.96 |
| 2003-03-31 | 4.08 |
| 2002-12-31 | 3.95 |
| 2002-09-30 | 4.42 |