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 0.53 is 23% below its 5-year average of 0.68, near the low end of its 5-year range (0.37–1.11).
As of the fiscal period ended Tuesday, March 31, 2026. 23.23% below its 12-month average of 0.68.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.53
QUICK RATIO (ACID-TEST) AVG TTM
0.68
QUICK RATIO (ACID-TEST) AVG 3Y
0.68
QUICK RATIO (ACID-TEST) AVG 5Y
0.66
QUICK RATIO (ACID-TEST) AVG 10Y
0.60
QUICK RATIO (ACID-TEST) AVG 15Y
0.60
QUICK RATIO (ACID-TEST) AVG 20Y
0.63
CURRENT VS TTM AVG
-23.23%
CURRENT VS 3Y AVG
-22.45%
CURRENT VS 5Y AVG
-19.94%
CURRENT VS 10Y AVG
-12.81%
CURRENT VS 15Y AVG
-12.66%
CURRENT VS 20Y AVG
-15.99%
SECTOR MEDIAN · UTILITIES
0.71
median of 32 covered companies
CURRENT VS SECTOR MEDIAN
-26.01%
vs the sector median at left
Black Hills Corporation
Market Cap
$5.49B
Quick Ratio (Acid-Test)
0.53
TTM Avg
0.68
3Y Avg
0.68
5Y Avg
0.66
Market Cap
$3.26B
Quick Ratio (Acid-Test)
0.69
TTM Avg
0.58
3Y Avg
0.61
5Y Avg
0.56
Market Cap
$2.89B
Quick Ratio (Acid-Test)
0.77
TTM Avg
1.18
3Y Avg
1.13
5Y Avg
0.94
Market Cap
$2.84B
Quick Ratio (Acid-Test)
N/A
TTM Avg
4.78
3Y Avg
4.67
5Y Avg
3.44
Market Cap
$8.31B
Quick Ratio (Acid-Test)
1.02
TTM Avg
1.23
3Y Avg
1.53
5Y Avg
1.35
Market Cap
$2.05B
Quick Ratio (Acid-Test)
0.62
TTM Avg
0.63
3Y Avg
0.67
5Y Avg
0.61
Market Cap
$1.11B
Quick Ratio (Acid-Test)
1.14
TTM Avg
0.76
3Y Avg
1.05
5Y Avg
1.06
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.49B | 0.53 | 0.68 | 0.68 | 0.66 |
| Oklo Inc. (OKLO)vs › | $7.55B | N/A | 46.27 | 28.38 | 27.49 |
| Avista Corporation (AVA)vs › | $3.26B | 0.69 | 0.58 | 0.61 | 0.56 |
| UGI Corporation (UGI)vs › | $7.76B | 0.87 | 0.65 | 0.82 | 0.88 |
| Fluence Energy, Inc. (FLNC)vs › | $2.89B | 0.77 | 1.18 | 1.13 | 0.94 |
| NuScale Power Corporation (SMR)vs › | $2.84B | N/A | 4.78 | 4.67 | 3.44 |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 1.02 | 1.23 | 1.53 | 1.35 |
| Northwest Natural Holding Company (NWN)vs › | $2.05B | 0.62 | 0.63 | 0.67 | 0.61 |
| XPLR Infrastructure, LP (XIFR)vs › | $1.11B | 1.14 | 0.76 | 1.05 | 1.06 |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.17B | 0.74 | 0.58 | 0.64 | 0.68 |
Quick Ratio
0.53
Excludes inventory
Current Ratio
0.65
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) |
|---|---|
| 2026-03-31 | 0.53 |
| 2025-12-31 | 1.11 |
| 2025-09-30 | 0.67 |
| 2025-06-30 | 0.49 |
| 2025-03-31 | 0.62 |
| 2024-12-31 | 0.77 |
| 2024-09-30 | 0.83 |
| 2024-06-30 | 0.94 |
| 2024-03-31 | 0.61 |
| 2023-12-31 | 0.56 |
| 2023-09-30 | 0.67 |
| 2023-06-30 | 0.68 |
| 2023-03-31 | 0.76 |
| 2022-12-31 | 0.52 |
| 2022-09-30 | 0.65 |
| 2022-06-30 | 0.77 |
| 2022-03-31 | 0.93 |
| 2021-12-31 | 0.73 |
| 2021-09-30 | 0.64 |
| 2021-06-30 | 0.37 |
| 2021-03-31 | 0.39 |
| 2020-12-31 | 0.54 |
| 2020-09-30 | 0.54 |
| 2020-06-30 | 0.80 |
| 2020-03-31 | 0.55 |
| 2019-12-31 | 0.44 |
| 2019-09-30 | 0.37 |
| 2019-06-30 | 0.55 |
| 2019-03-31 | 0.67 |
| 2018-12-31 | 0.60 |
| 2018-09-30 | 0.36 |
| 2018-06-30 | 0.39 |
| 2018-03-31 | 0.52 |
| 2017-12-31 | 0.70 |
| 2017-09-30 | 0.47 |
| 2017-06-30 | 0.59 |
| 2017-03-31 | 0.81 |
| 2016-12-31 | 0.68 |
| 2016-09-30 | 0.63 |
| 2016-06-30 | 0.24 |
| 2016-03-31 | 0.52 |
| 2015-12-31 | 1.74 |
| 2015-09-30 | 0.70 |
| 2015-06-30 | 1.02 |
| 2015-03-31 | 0.98 |
| 2014-12-31 | 0.56 |
| 2014-09-30 | 0.37 |
| 2014-06-30 | 0.40 |
| 2014-03-31 | 0.85 |
| 2013-12-31 | 0.68 |
| 2013-09-30 | 0.33 |
| 2013-06-30 | 0.39 |
| 2013-03-31 | 0.41 |
| 2012-12-31 | 0.45 |
| 2012-09-30 | 0.55 |
| 2012-06-30 | 0.36 |
| 2012-03-31 | 0.62 |
| 2011-12-31 | 0.77 |
| 2011-09-30 | 0.65 |
| 2011-06-30 | 0.60 |
| 2011-03-31 | 0.72 |
| 2010-12-31 | 0.67 |
| 2010-09-30 | 0.78 |
| 2010-06-30 | 0.60 |
| 2010-03-31 | 0.80 |
| 2009-12-31 | 0.78 |
| 2009-09-30 | 0.55 |
| 2009-06-30 | 0.59 |
| 2009-03-31 | 0.49 |
| 2008-12-31 | 0.54 |
| 2008-09-30 | 0.45 |
| 2008-06-30 | 1.23 |
| 2008-03-31 | 0.69 |
| 2007-12-31 | 0.75 |
| 2007-09-30 | 0.63 |
| 2007-06-30 | 0.59 |
| 2007-03-31 | 0.88 |
| 2006-12-31 | 0.72 |
| 2006-09-30 | 0.73 |
| 2006-06-30 | 0.77 |
| 2006-03-31 | 0.78 |
| 2005-12-31 | 0.88 |
| 2005-09-30 | 0.83 |
| 2005-06-30 | 0.95 |
| 2005-03-31 | 1.00 |
| 2004-12-31 | 1.09 |
| 2004-09-30 | 0.94 |
| 2004-06-30 | 1.19 |
| 2004-03-31 | 1.36 |
| 2003-12-31 | 1.53 |
| 2003-09-30 | 1.29 |
| 2003-06-30 | 0.96 |
| 2003-03-31 | 0.54 |
| 2002-12-31 | 0.56 |
| 2002-09-30 | 0.50 |
| 2002-06-30 | 0.44 |
