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 3.19 is 24% below its 5-year average of 4.21, near the low end of its 5-year range (3.19–5.12).
As of the fiscal period ended Tuesday, June 30, 2026. 20.34% below its 12-month average of 4.00.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 3.19.
QUICK RATIO (ACID-TEST)
3.19
QUICK RATIO (ACID-TEST) AVG TTM
4.00
QUICK RATIO (ACID-TEST) AVG 3Y
4.09
QUICK RATIO (ACID-TEST) AVG 5Y
4.21
QUICK RATIO (ACID-TEST) AVG 10Y
8.35
QUICK RATIO (ACID-TEST) AVG 15Y
8.85
QUICK RATIO (ACID-TEST) AVG 20Y
7.95
CURRENT VS TTM AVG
-20.34%
CURRENT VS 3Y AVG
-22.04%
CURRENT VS 5Y AVG
-24.33%
CURRENT VS 10Y AVG
-61.82%
CURRENT VS 15Y AVG
-63.97%
CURRENT VS 20Y AVG
-59.86%
SECTOR MEDIAN · HEALTHCARE
2.99
median of 632 covered companies
CURRENT VS SECTOR MEDIAN
+6.65%
vs the sector median at left
Anika Therapeutics, Inc.
Market Cap
$256.28M
Quick Ratio (Acid-Test)
3.19
TTM Avg
4.00
3Y Avg
4.09
5Y Avg
4.21
Market Cap
$255.24M
Quick Ratio (Acid-Test)
8.28
TTM Avg
3.73
3Y Avg
7.03
5Y Avg
8.20
Market Cap
$259.01M
Quick Ratio (Acid-Test)
0.93
TTM Avg
1.36
3Y Avg
5.78
5Y Avg
8.29
Market Cap
$252.78M
Quick Ratio (Acid-Test)
13.89
TTM Avg
8.37
3Y Avg
7.38
5Y Avg
15.00
Market Cap
$260.03M
Quick Ratio (Acid-Test)
15.82
TTM Avg
24.04
3Y Avg
14.70
5Y Avg
12.06
Market Cap
$260.47M
Quick Ratio (Acid-Test)
16.00
TTM Avg
13.11
3Y Avg
8.33
5Y Avg
7.81
Market Cap
$262.42M
Quick Ratio (Acid-Test)
4.46
TTM Avg
8.30
3Y Avg
6.73
5Y Avg
6.78
Market Cap
$244.02M
Quick Ratio (Acid-Test)
5.86
TTM Avg
4.06
3Y Avg
6.91
5Y Avg
7.76
Market Cap
$244.00M
Quick Ratio (Acid-Test)
2.69
TTM Avg
2.01
3Y Avg
1.61
5Y Avg
1.29
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Anika Therapeutics, Inc. (ANIK) | $256.28M | 3.19 | 4.00 | 4.09 | 4.21 |
| Century Therapeutics, Inc. (IPSC)vs › | $255.24M | 8.28 | 3.73 | 7.03 | 8.20 |
| AC Immune S.A. (ACIU)vs › | $259.01M | 0.93 | 1.36 | 5.78 | 8.29 |
| Lexeo Therapeutics, Inc. Common Stock (LXEO)vs › | $252.78M | 13.89 | 8.37 | 7.38 | 15.00 |
| Inhibikase Therapeutics, Inc. (IKT)vs › | $260.03M | 15.82 | 24.04 | 14.70 | 12.06 |
| Eupraxia Pharmaceuticals Inc. (EPRX)vs › | $260.47M | 16.00 | 13.11 | 8.33 | 7.81 |
| EyePoint Pharmaceuticals, Inc. (EYPT)vs › | $262.42M | 4.46 | 8.30 | 6.73 | 6.78 |
| Invivyd, Inc. (IVVD)vs › | $244.02M | 5.86 | 4.06 | 6.91 | 7.76 |
| Lifecore Biomedical, Inc. (LFCR)vs › | $244.00M | 2.69 | 2.01 | 1.61 | 1.29 |
| Greenwich LifeSciences, Inc. (GLSI)vs › | $243.07M | 1.54 | 1.17 | 19.33 | 29.22 |
Quick Ratio
3.19
Excludes inventory
Current Ratio
4.48
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 | 3.19 |
| 2026-03-31 | 3.37 |
| 2025-12-31 | 3.86 |
| 2025-09-30 | 4.47 |
| 2025-06-30 | 5.12 |
| 2025-03-31 | 4.53 |
| 2024-12-31 | 3.85 |
| 2024-09-30 | 3.78 |
| 2024-06-30 | 3.96 |
| 2024-03-31 | 3.85 |
| 2023-12-31 | 4.47 |
| 2023-09-30 | 4.03 |
| 2023-06-30 | 4.67 |
| 2023-03-31 | 4.15 |
| 2022-12-31 | 4.65 |
| 2022-09-30 | 4.95 |
| 2022-06-30 | 4.50 |
| 2022-03-31 | 4.82 |
| 2021-12-31 | 4.45 |
| 2021-09-30 | 4.54 |
| 2021-06-30 | 3.26 |
| 2021-03-31 | 2.78 |
| 2020-12-31 | 3.56 |
| 2020-09-30 | 4.95 |
| 2020-06-30 | 6.26 |
| 2020-03-31 | 4.81 |
| 2019-12-31 | 13.04 |
| 2019-09-30 | 17.74 |
| 2019-06-30 | 16.07 |
| 2019-03-31 | 16.12 |
| 2018-12-31 | 16.09 |
| 2018-09-30 | 18.46 |
| 2018-06-30 | 13.32 |
| 2018-03-31 | 13.13 |
| 2017-12-31 | 14.10 |
| 2017-09-30 | 15.27 |
| 2017-06-30 | 13.04 |
| 2017-03-31 | 15.75 |
| 2016-12-31 | 17.55 |
| 2016-09-30 | 18.85 |
| 2016-06-30 | 13.06 |
| 2016-03-31 | 12.16 |
| 2015-12-31 | 9.35 |
| 2015-09-30 | 11.79 |
| 2015-06-30 | 18.10 |
| 2015-03-31 | 21.67 |
| 2014-12-31 | 21.20 |
| 2014-09-30 | 17.88 |
| 2014-06-30 | 14.43 |
| 2014-03-31 | 13.03 |
| 2013-12-31 | 9.01 |
| 2013-09-30 | 8.05 |
| 2013-06-30 | 6.50 |
| 2013-03-31 | 6.40 |
| 2012-12-31 | 4.78 |
| 2012-09-30 | 4.89 |
| 2012-06-30 | 3.87 |
| 2012-03-31 | 4.26 |
| 2011-12-31 | 3.91 |
| 2011-09-30 | 3.35 |
| 2011-06-30 | 2.78 |
| 2011-03-31 | 2.56 |
| 2010-12-31 | 2.45 |
| 2010-09-30 | 2.44 |
| 2010-06-30 | 2.61 |
| 2010-03-31 | 2.57 |
| 2009-12-31 | 2.50 |
| 2009-09-30 | 5.22 |
| 2009-06-30 | 5.03 |
| 2009-03-31 | 5.43 |
| 2008-12-31 | 5.57 |
| 2008-09-30 | 4.66 |
| 2008-06-30 | 4.50 |
| 2008-03-31 | 5.07 |
| 2007-12-31 | 4.52 |
| 2007-09-30 | 5.55 |
| 2007-06-30 | 7.55 |
| 2007-03-31 | 9.92 |
| 2006-12-31 | 9.56 |
| 2006-09-30 | 7.65 |
| 2006-06-30 | 8.32 |
| 2006-03-31 | 10.22 |
| 2005-12-31 | 8.43 |
| 2005-09-30 | 7.95 |
| 2005-06-30 | 9.11 |
| 2005-03-31 | 7.35 |
| 2004-12-31 | 6.46 |
| 2004-09-30 | 6.65 |
| 2004-06-30 | 7.29 |
| 2004-03-31 | 5.13 |
| 2003-12-31 | 8.10 |
| 2003-09-30 | 5.73 |
| 2003-06-30 | 6.47 |
| 2003-03-31 | 5.46 |
| 2002-12-31 | 4.97 |
| 2002-09-30 | 4.15 |