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 0.66 is in line with its 5-year average of 0.74, near the low end of its 5-year range (0.51–1.11).
As of the fiscal period ended Tuesday, March 31, 2026. 8.61% below its 12-month average of 0.73.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.66
QUICK RATIO (ACID-TEST) AVG TTM
0.73
QUICK RATIO (ACID-TEST) AVG 3Y
0.73
QUICK RATIO (ACID-TEST) AVG 5Y
0.74
QUICK RATIO (ACID-TEST) AVG 10Y
0.71
QUICK RATIO (ACID-TEST) AVG 15Y
0.77
QUICK RATIO (ACID-TEST) AVG 20Y
0.79
CURRENT VS TTM AVG
-8.61%
CURRENT VS 3Y AVG
-9.43%
CURRENT VS 5Y AVG
-9.90%
CURRENT VS 10Y AVG
-5.95%
CURRENT VS 15Y AVG
-13.43%
CURRENT VS 20Y AVG
-16.09%
SECTOR MEDIAN · UTILITIES
0.60
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+10.57%
vs the sector median at left
CMS Energy Corporation
Market Cap
$22.97B
Quick Ratio (Acid-Test)
0.66
TTM Avg
0.73
3Y Avg
0.73
5Y Avg
0.74
Market Cap
$19.06B
Quick Ratio (Acid-Test)
0.66
TTM Avg
0.49
3Y Avg
0.45
5Y Avg
0.45
Market Cap
$26.91B
Quick Ratio (Acid-Test)
1.58
TTM Avg
1.27
3Y Avg
1.17
5Y Avg
1.50
Market Cap
$26.96B
Quick Ratio (Acid-Test)
0.44
TTM Avg
0.40
3Y Avg
0.45
5Y Avg
0.52
Market Cap
$28.35B
Quick Ratio (Acid-Test)
0.59
TTM Avg
0.63
3Y Avg
0.60
5Y Avg
0.58
Market Cap
$28.72B
Quick Ratio (Acid-Test)
0.46
TTM Avg
0.46
3Y Avg
0.45
5Y Avg
0.52
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $22.97B | 0.66 | 0.73 | 0.73 | 0.74 |
| NiSource Inc (NI)vs › | $21.92B | 0.56 | 0.48 | 0.53 | 0.53 |
| Evergy, Inc. (EVRG)vs › | $19.75B | 0.27 | 0.27 | 0.29 | 0.33 |
| Alliant Energy Corporation (LNT)vs › | $19.06B | 0.66 | 0.49 | 0.45 | 0.45 |
| NRG Energy, Inc. (NRG)vs › | $26.91B | 1.58 | 1.27 | 1.17 | 1.50 |
| American Water Works Company, Inc. (AWK)vs › | $26.96B | 0.44 | 0.40 | 0.45 | 0.52 |
| PPL Corporation (PPL)vs › | $27.33B | 0.74 | 0.72 | 0.70 | 1.03 |
| Eversource Energy (ES)vs › | $28.35B | 0.59 | 0.63 | 0.60 | 0.58 |
| FirstEnergy Corp. (FE)vs › | $28.72B | 0.46 | 0.46 | 0.45 | 0.52 |
| CenterPoint Energy, Inc. (CNP)vs › | $28.85B | 0.79 | 0.85 | 0.76 | 0.85 |
Quick Ratio
0.66
Excludes inventory
Current Ratio
0.98
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 | 0.66 |
| 2025-12-31 | 0.76 |
| 2025-09-30 | 0.60 |
| 2025-06-30 | 0.77 |
| 2025-03-31 | 0.84 |
| 2024-12-31 | 0.57 |
| 2024-09-30 | 0.83 |
| 2024-06-30 | 0.87 |
| 2024-03-31 | 1.05 |
| 2023-12-31 | 0.66 |
| 2023-09-30 | 0.51 |
| 2023-06-30 | 0.63 |
| 2023-03-31 | 0.77 |
| 2022-12-31 | 0.78 |
| 2022-09-30 | 0.69 |
| 2022-06-30 | 0.65 |
| 2022-03-31 | 1.11 |
| 2021-12-31 | 0.89 |
| 2021-09-30 | 0.53 |
| 2021-06-30 | 0.57 |
| 2021-03-31 | 0.73 |
| 2020-12-31 | 0.59 |
| 2020-09-30 | 0.62 |
| 2020-06-30 | 0.97 |
| 2020-03-31 | 0.81 |
| 2019-12-31 | 0.64 |
| 2019-09-30 | 0.74 |
| 2019-06-30 | 0.71 |
| 2019-03-31 | 0.92 |
| 2018-12-31 | 0.69 |
| 2018-09-30 | 0.47 |
| 2018-06-30 | 0.68 |
| 2018-03-31 | 0.71 |
| 2017-12-31 | 0.65 |
| 2017-09-30 | 0.59 |
| 2017-06-30 | 0.77 |
| 2017-03-31 | 0.93 |
| 2016-12-31 | 0.62 |
| 2016-09-30 | 0.71 |
| 2016-06-30 | 0.70 |
| 2016-03-31 | 0.68 |
| 2015-12-31 | 0.67 |
| 2015-09-30 | 0.70 |
| 2015-06-30 | 0.98 |
| 2015-03-31 | 1.23 |
| 2014-12-31 | 0.86 |
| 2014-09-30 | 1.03 |
| 2014-06-30 | 1.08 |
| 2014-03-31 | 1.35 |
| 2013-12-31 | 0.85 |
| 2013-09-30 | 0.90 |
| 2013-06-30 | 0.92 |
| 2013-03-31 | 1.15 |
| 2012-12-31 | 0.74 |
| 2012-09-30 | 0.73 |
| 2012-05-30 | 0.64 |
| 2012-03-31 | 0.76 |
| 2011-12-31 | 0.59 |
| 2011-09-30 | 0.71 |
| 2011-06-30 | 0.89 |
| 2011-03-31 | 0.89 |
| 2010-12-31 | 0.78 |
| 2010-09-30 | 1.25 |
| 2010-06-30 | 0.89 |
| 2010-03-31 | 1.15 |
| 2009-12-31 | 0.73 |
| 2009-09-30 | 0.62 |
| 2009-06-30 | 1.59 |
| 2009-03-31 | 1.49 |
| 2008-12-31 | 0.76 |
| 2008-09-30 | 0.59 |
| 2008-06-30 | 0.77 |
| 2008-03-31 | 0.93 |
| 2007-12-31 | 0.63 |
| 2007-09-30 | 0.89 |
| 2007-06-30 | 1.23 |
| 2007-03-31 | 1.09 |
| 2006-12-31 | 0.83 |
| 2006-09-30 | 0.96 |
| 2006-06-30 | 1.32 |
| 2006-03-31 | 1.49 |
| 2005-12-31 | 1.24 |
| 2005-09-30 | 1.18 |
| 2005-06-30 | 1.47 |
| 2005-03-31 | 1.54 |
| 2004-12-31 | 1.12 |
| 2004-09-30 | 0.95 |
| 2004-06-30 | 0.93 |
| 2004-03-31 | 1.10 |
| 2003-12-31 | 0.97 |
| 2003-09-30 | 1.44 |
| 2003-06-30 | 1.42 |
| 2003-03-31 | 0.80 |
| 2002-12-31 | 0.74 |
| 2002-09-30 | 0.59 |
| 2002-06-30 | 0.55 |