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 1.24 is 51% below its 5-year average of 2.52, near the low end of its 5-year range (1.16–3.39).
As of the fiscal period ended Tuesday, June 30, 2026. 50.19% below its 12-month average of 2.50.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 1.24.
QUICK RATIO (ACID-TEST)
1.24
QUICK RATIO (ACID-TEST) AVG TTM
2.50
QUICK RATIO (ACID-TEST) AVG 3Y
2.66
QUICK RATIO (ACID-TEST) AVG 5Y
2.52
QUICK RATIO (ACID-TEST) AVG 10Y
2.77
QUICK RATIO (ACID-TEST) AVG 15Y
2.88
QUICK RATIO (ACID-TEST) AVG 20Y
3.11
CURRENT VS TTM AVG
-50.19%
CURRENT VS 3Y AVG
-53.19%
CURRENT VS 5Y AVG
-50.59%
CURRENT VS 10Y AVG
-55.11%
CURRENT VS 15Y AVG
-56.82%
CURRENT VS 20Y AVG
-59.98%
SECTOR MEDIAN · TECHNOLOGY
1.73
median of 484 covered companies
CURRENT VS SECTOR MEDIAN
-28.10%
vs the sector median at left
ExlService Holdings, Inc.
Market Cap
$5.44B
Quick Ratio (Acid-Test)
1.24
TTM Avg
2.50
3Y Avg
2.66
5Y Avg
2.52
Market Cap
$5.35B
Quick Ratio (Acid-Test)
0.89
TTM Avg
3.93
3Y Avg
2.13
5Y Avg
1.99
Market Cap
$5.63B
Quick Ratio (Acid-Test)
1.65
TTM Avg
1.58
3Y Avg
2.37
5Y Avg
2.69
Market Cap
$5.22B
Quick Ratio (Acid-Test)
2.74
TTM Avg
3.94
3Y Avg
4.58
5Y Avg
4.34
Market Cap
$5.20B
Quick Ratio (Acid-Test)
1.58
TTM Avg
1.59
3Y Avg
1.46
5Y Avg
1.39
Market Cap
$5.67B
Quick Ratio (Acid-Test)
2.75
TTM Avg
2.77
3Y Avg
3.51
5Y Avg
3.52
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ExlService Holdings, Inc. (EXLS) | $5.44B | 1.24 | 2.50 | 2.66 | 2.52 |
| Novanta Inc. (NOVT)vs › | $5.40B | 3.79 | 2.26 | 1.99 | 1.86 |
| Core Scientific, Inc. (CORZ)vs › | $5.35B | 0.89 | 3.93 | 2.13 | 1.99 |
| Maase Inc. (MAAS)vs › | $5.60B | N/A | N/A | N/A | N/A |
| Varonis Systems, Inc. (VRNS)vs › | $5.63B | 1.65 | 1.58 | 2.37 | 2.69 |
| Kulicke and Soffa Industries, Inc. (KLIC)vs › | $5.22B | 2.74 | 3.94 | 4.58 | 4.34 |
| ACI Worldwide, Inc. (ACIW)vs › | $5.20B | 1.58 | 1.59 | 1.46 | 1.39 |
| Genpact Limited (G)vs › | $5.67B | 2.00 | 1.91 | 1.72 | 1.63 |
| EPAM Systems, Inc. (EPAM)vs › | $5.67B | 2.75 | 2.77 | 3.51 | 3.52 |
| Navan, Inc. (NAVN)vs › | $5.21B | 4.33 | 2.80 | 3.07 | 3.07 |
Quick Ratio
1.24
Excludes inventory
Current Ratio
1.24
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 | 1.24 |
| 2026-03-31 | 2.66 |
| 2025-12-31 | 2.56 |
| 2025-09-30 | 2.89 |
| 2025-06-30 | 3.13 |
| 2025-03-31 | 3.39 |
| 2024-12-31 | 2.73 |
| 2024-09-30 | 3.00 |
| 2024-06-30 | 2.44 |
| 2024-03-31 | 2.53 |
| 2023-12-31 | 2.07 |
| 2023-09-30 | 2.12 |
| 2023-06-30 | 2.36 |
| 2023-03-31 | 2.01 |
| 2022-12-31 | 2.20 |
| 2022-09-30 | 2.02 |
| 2022-06-30 | 2.10 |
| 2022-03-31 | 2.57 |
| 2021-12-31 | 1.16 |
| 2021-09-30 | 2.44 |
| 2021-06-30 | 2.60 |
| 2021-03-31 | 3.01 |
| 2020-12-31 | 2.74 |
| 2020-09-30 | 3.04 |
| 2020-06-30 | 2.90 |
| 2020-03-31 | 2.33 |
| 2019-12-31 | 2.35 |
| 2019-09-30 | 2.69 |
| 2019-06-30 | 2.90 |
| 2019-03-31 | 3.39 |
| 2018-12-31 | 3.22 |
| 2018-09-30 | 3.28 |
| 2018-06-30 | 3.57 |
| 2018-03-31 | 4.15 |
| 2017-12-31 | 3.14 |
| 2017-09-30 | 3.81 |
| 2017-06-30 | 3.44 |
| 2017-03-31 | 3.46 |
| 2016-12-31 | 3.05 |
| 2016-09-30 | 3.68 |
| 2016-06-30 | 3.23 |
| 2016-03-31 | 3.57 |
| 2015-12-31 | 3.05 |
| 2015-09-30 | 3.17 |
| 2015-06-30 | 2.96 |
| 2015-03-31 | 3.16 |
| 2014-12-31 | 3.32 |
| 2014-09-30 | 3.45 |
| 2014-06-30 | 3.64 |
| 2014-03-31 | 3.83 |
| 2013-12-31 | 3.13 |
| 2013-09-30 | 3.35 |
| 2013-06-30 | 3.13 |
| 2013-03-31 | 3.35 |
| 2012-12-31 | 2.56 |
| 2012-09-30 | 3.19 |
| 2012-06-30 | 2.81 |
| 2012-03-31 | 2.86 |
| 2011-12-31 | 2.15 |
| 2011-09-30 | 2.15 |
| 2011-06-30 | 1.57 |
| 2011-03-31 | 3.75 |
| 2010-12-31 | 3.23 |
| 2010-09-30 | 3.73 |
| 2010-06-30 | 3.76 |
| 2010-03-31 | 4.76 |
| 2009-12-31 | 4.54 |
| 2009-09-30 | 5.32 |
| 2009-06-30 | 5.06 |
| 2009-03-31 | 5.09 |
| 2008-12-31 | 3.83 |
| 2008-09-30 | 3.70 |
| 2008-06-30 | 3.67 |
| 2008-03-31 | 4.81 |
| 2007-12-31 | 4.14 |
| 2007-09-30 | 4.33 |
| 2007-06-30 | 4.59 |
| 2007-03-31 | 4.49 |
| 2006-12-31 | 3.09 |
| 2006-09-30 | 1.83 |
| 2006-06-30 | 2.22 |
| 2006-03-31 | 0.00 |
| 2005-12-31 | 2.05 |
| 2005-09-30 | 0.00 |
| 2005-06-30 | 0.00 |
| 2005-03-31 | 0.00 |
| 2004-12-31 | 2.22 |
| 2004-09-30 | 0.00 |
| 2004-06-30 | 0.00 |
| 2004-03-31 | 0.00 |