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 10.36 is 10% below its 5-year average of 11.52, near the low end of its 5-year range (7.53–23.08).
As of the fiscal period ended Tuesday, June 30, 2026. 14.45% above its 12-month average of 9.05.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 10.36.
QUICK RATIO (ACID-TEST)
10.36
QUICK RATIO (ACID-TEST) AVG TTM
9.05
QUICK RATIO (ACID-TEST) AVG 3Y
9.76
QUICK RATIO (ACID-TEST) AVG 5Y
11.52
QUICK RATIO (ACID-TEST) AVG 10Y
8.55
QUICK RATIO (ACID-TEST) AVG 15Y
5.71
QUICK RATIO (ACID-TEST) AVG 20Y
5.24
CURRENT VS TTM AVG
+14.45%
CURRENT VS 3Y AVG
+6.09%
CURRENT VS 5Y AVG
-10.09%
CURRENT VS 10Y AVG
+21.21%
CURRENT VS 15Y AVG
+81.53%
CURRENT VS 20Y AVG
+97.49%
SECTOR MEDIAN · INDUSTRIALS
1.29
median of 314 covered companies
CURRENT VS SECTOR MEDIAN
+706.06%
vs the sector median at left
Ballard Power Systems Inc.
Market Cap
$621.04M
Quick Ratio (Acid-Test)
10.36
TTM Avg
9.05
3Y Avg
9.76
5Y Avg
11.52
Market Cap
$638.27M
Quick Ratio (Acid-Test)
1.60
TTM Avg
1.56
3Y Avg
1.56
5Y Avg
1.56
Market Cap
$582.47M
Quick Ratio (Acid-Test)
-326.51
TTM Avg
6.74
3Y Avg
8.23
5Y Avg
9.21
Market Cap
$565.16M
Quick Ratio (Acid-Test)
1.53
TTM Avg
0.65
3Y Avg
0.73
5Y Avg
1.17
Market Cap
$696.97M
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.10
3Y Avg
1.10
5Y Avg
1.02
Market Cap
$515.40M
Quick Ratio (Acid-Test)
5.38
TTM Avg
3.13
3Y Avg
2.02
5Y Avg
1.53
Market Cap
$495.37M
Quick Ratio (Acid-Test)
1.60
TTM Avg
1.96
3Y Avg
1.41
5Y Avg
1.31
Market Cap
$493.80M
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$748.63M
Quick Ratio (Acid-Test)
0.90
TTM Avg
1.15
3Y Avg
1.25
5Y Avg
1.46
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ballard Power Systems Inc. (BLDP) | $621.04M | 10.36 | 9.05 | 9.76 | 11.52 |
| Elmet Group Co. (ELMT)vs › | $638.27M | 1.60 | 1.56 | 1.56 | 1.56 |
| Enovix Corporation (ENVX)vs › | $582.47M | -326.51 | 6.74 | 8.23 | 9.21 |
| Hertz Global Holdings, Inc. (HTZ)vs › | $565.16M | 1.53 | 0.65 | 0.73 | 1.17 |
| Cass Information Systems, Inc. (CASS)vs › | $696.97M | N/A | 1.10 | 1.10 | 1.02 |
| Euroseas Ltd. (ESEA)vs › | $515.40M | 5.38 | 3.13 | 2.02 | 1.53 |
| Concrete Pumping Holdings, Inc. (BBCP)vs › | $495.37M | 1.60 | 1.96 | 1.41 | 1.31 |
| Accelevation Holdings Corp. (ACCV)vs › | $493.80M | N/A | N/A | N/A | N/A |
| Bowman Consulting Group Ltd. (BWMN)vs › | $748.63M | 0.90 | 1.15 | 1.25 | 1.46 |
| Columbus McKinnon Corporation (CMCO)vs › | $487.84M | 1.00 | 1.01 | 1.15 | 1.26 |
Quick Ratio
10.36
Excludes inventory
Current Ratio
11.19
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 | 10.36 |
| 2026-03-31 | 9.90 |
| 2025-12-31 | 9.14 |
| 2025-09-30 | 7.53 |
| 2025-06-30 | 8.32 |
| 2025-03-31 | 8.13 |
| 2024-12-31 | 8.50 |
| 2024-09-30 | 8.19 |
| 2024-06-30 | 10.05 |
| 2024-03-31 | 10.88 |
| 2023-12-31 | 11.60 |
| 2023-09-30 | 11.59 |
| 2023-06-30 | 12.73 |
| 2023-03-31 | 13.31 |
| 2022-12-31 | 13.26 |
| 2022-09-30 | 13.65 |
| 2022-06-30 | 14.36 |
| 2022-03-31 | 14.61 |
| 2021-12-31 | 14.16 |
| 2021-09-30 | 20.12 |
| 2021-06-30 | 23.08 |
| 2021-03-31 | 25.40 |
| 2020-12-31 | 15.85 |
| 2020-09-30 | 8.36 |
| 2020-06-30 | 3.92 |
| 2020-03-31 | 3.89 |
| 2019-12-31 | 3.09 |
| 2019-09-30 | 3.32 |
| 2019-06-30 | 3.85 |
| 2019-03-31 | 4.67 |
| 2018-12-31 | 4.87 |
| 2018-09-30 | 1.62 |
| 2018-06-30 | 1.83 |
| 2018-03-31 | 2.08 |
| 2017-12-31 | 2.17 |
| 2017-09-30 | 2.17 |
| 2017-06-30 | 1.99 |
| 2017-03-31 | 1.98 |
| 2016-12-31 | 2.10 |
| 2016-09-30 | 2.07 |
| 2016-06-30 | 1.66 |
| 2016-03-31 | 1.88 |
| 2015-12-31 | 2.23 |
| 2015-09-30 | 2.17 |
| 2015-06-30 | 2.03 |
| 2015-03-31 | 2.47 |
| 2014-12-31 | 1.53 |
| 2014-09-30 | 2.15 |
| 2014-06-30 | 2.19 |
| 2014-03-31 | 2.40 |
| 2013-12-31 | 1.76 |
| 2013-09-30 | 1.23 |
| 2013-06-30 | 1.37 |
| 2013-03-31 | 1.55 |
| 2012-12-31 | 1.25 |
| 2012-09-30 | 1.11 |
| 2012-06-30 | 1.19 |
| 2012-03-31 | 1.35 |
| 2011-12-31 | 1.55 |
| 2011-09-30 | 1.60 |
| 2011-06-30 | 1.76 |
| 2011-03-31 | 1.94 |
| 2010-12-31 | 2.48 |
| 2010-09-30 | 2.64 |
| 2010-06-30 | 2.94 |
| 2010-03-31 | 3.36 |
| 2009-12-31 | 3.24 |
| 2009-09-30 | 2.33 |
| 2009-06-30 | 2.89 |
| 2009-03-31 | 2.89 |
| 2008-12-31 | 3.97 |
| 2008-09-30 | 3.83 |
| 2008-06-30 | 5.07 |
| 2008-03-31 | 6.51 |
| 2007-12-31 | 7.27 |
| 2007-09-30 | 7.20 |
| 2007-06-30 | 7.53 |
| 2007-03-31 | 7.58 |
| 2006-12-31 | 6.06 |
| 2006-09-30 | 6.27 |
| 2006-06-30 | 6.58 |
| 2006-03-31 | 6.61 |
| 2005-12-31 | 5.94 |
| 2005-09-30 | 5.50 |
| 2005-06-30 | 4.86 |
| 2005-03-31 | 4.67 |
| 2004-12-31 | 3.84 |
| 2004-09-30 | 4.35 |
| 2004-06-30 | 4.59 |
| 2004-03-31 | 4.34 |
| 2003-12-31 | 4.41 |
| 2003-09-30 | 4.77 |
| 2003-06-30 | 5.33 |
| 2003-03-31 | 5.36 |
| 2002-12-31 | 5.30 |
| 2002-09-30 | 4.77 |
