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 1.19 is in line with its 5-year average of 1.24, near the low end of its 5-year range (0.94–1.88).
As of the fiscal period ended Tuesday, June 30, 2026. 7.77% above its 12-month average of 1.11.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.19
QUICK RATIO (ACID-TEST) AVG TTM
1.11
QUICK RATIO (ACID-TEST) AVG 3Y
1.18
QUICK RATIO (ACID-TEST) AVG 5Y
1.18
QUICK RATIO (ACID-TEST) AVG 10Y
1.44
QUICK RATIO (ACID-TEST) AVG 15Y
1.57
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+7.77%
CURRENT VS 3Y AVG
+1.51%
CURRENT VS 5Y AVG
+1.25%
CURRENT VS 10Y AVG
-17.24%
CURRENT VS 15Y AVG
-23.98%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
1.58
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
-24.40%
vs the sector median at left
Fortinet, Inc.
Market Cap
$118.65B
Quick Ratio (Acid-Test)
1.19
TTM Avg
1.11
3Y Avg
1.18
5Y Avg
1.18
Market Cap
$115.00B
Quick Ratio (Acid-Test)
0.95
TTM Avg
1.02
3Y Avg
1.05
5Y Avg
1.08
Market Cap
$106.51B
Quick Ratio (Acid-Test)
0.17
TTM Avg
0.61
3Y Avg
0.80
5Y Avg
0.88
Market Cap
$133.00B
Quick Ratio (Acid-Test)
3.32
TTM Avg
2.75
3Y Avg
2.64
5Y Avg
2.79
Market Cap
$101.65B
Quick Ratio (Acid-Test)
1.30
TTM Avg
1.52
3Y Avg
1.85
5Y Avg
2.69
Market Cap
$98.92B
Quick Ratio (Acid-Test)
1.98
TTM Avg
2.42
3Y Avg
3.27
5Y Avg
4.64
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | $118.65B | 1.19 | 1.11 | 1.18 | 1.18 |
| Corning Inc (GLW)vs › | $118.98B | 1.04 | 1.06 | 1.01 | 1.10 |
| ServiceNow, Inc. (NOW)vs › | $115.00B | 0.95 | 1.02 | 1.05 | 1.08 |
| Automatic Data Processing, Inc. (ADP)vs › | $106.51B | 0.17 | 0.61 | 0.80 | 0.88 |
| AppLovin Corporation (APP)vs › | $133.00B | 3.32 | 2.75 | 2.64 | 2.79 |
| Snowflake Inc. (SNOW)vs › | $101.65B | 1.30 | 1.52 | 1.85 | 2.69 |
| Accenture plc (ACN)vs › | $101.53B | 1.42 | 1.26 | 1.26 | 1.28 |
| Adobe Inc. (ADBE)vs › | $99.54B | 1.00 | 1.04 | 1.13 | 1.15 |
| Cloudflare, Inc. (NET)vs › | $98.92B | 1.98 | 2.42 | 3.27 | 4.64 |
| Datadog, Inc. (DDOG)vs › | $95.39B | 3.38 | 3.01 | 3.07 | 3.60 |
Quick Ratio
1.19
Excludes inventory
Current Ratio
1.17
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 | 1.19 |
| 2026-03-31 | 1.07 |
| 2025-12-31 | 1.09 |
| 2025-09-30 | 0.94 |
| 2025-06-30 | 1.24 |
| 2025-03-31 | 1.29 |
| 2024-12-31 | 1.39 |
| 2024-09-30 | 1.25 |
| 2024-06-30 | 1.22 |
| 2024-03-31 | 1.08 |
| 2023-12-31 | 1.06 |
| 2023-09-30 | 1.17 |
| 2023-06-30 | 1.29 |
| 2023-03-31 | 1.24 |
| 2022-12-31 | 1.15 |
| 2022-09-30 | 1.00 |
| 2022-06-30 | 1.05 |
| 2022-03-31 | 1.20 |
| 2021-12-31 | 1.48 |
| 2021-09-30 | 1.72 |
| 2021-06-30 | 1.88 |
| 2021-03-31 | 1.93 |
| 2020-12-31 | 1.42 |
| 2020-09-30 | 1.37 |
| 2020-06-30 | 1.29 |
| 2020-03-31 | 1.25 |
| 2019-12-31 | 1.82 |
| 2019-09-30 | 1.76 |
| 2019-06-30 | 1.76 |
| 2019-03-31 | 1.77 |
| 2018-12-31 | 1.70 |
| 2018-09-30 | 1.80 |
| 2018-06-30 | 1.66 |
| 2018-03-31 | 1.61 |
| 2017-12-31 | 1.60 |
| 2017-09-30 | 1.73 |
| 2017-06-30 | 1.71 |
| 2017-03-31 | 1.76 |
| 2016-12-31 | 1.73 |
| 2016-09-30 | 1.73 |
| 2016-06-30 | 1.74 |
| 2016-03-31 | 1.76 |
| 2015-12-31 | 1.75 |
| 2015-09-30 | 1.94 |
| 2015-06-30 | 1.99 |
| 2015-03-31 | 2.00 |
| 2014-12-31 | 1.89 |
| 2014-09-30 | 1.95 |
| 2014-06-30 | 1.78 |
| 2014-03-31 | 1.87 |
| 2013-12-31 | 1.66 |
| 2013-09-30 | 1.79 |
| 2013-06-30 | 1.77 |
| 2013-03-31 | 1.78 |
| 2012-12-31 | 1.72 |
| 2012-09-30 | 1.64 |
| 2012-06-30 | 1.78 |
| 2012-03-31 | 1.97 |
| 2011-12-31 | 1.90 |
| 2011-09-30 | 1.95 |
| 2011-06-30 | 1.79 |
| 2011-03-31 | 1.66 |
| 2010-12-31 | 1.86 |
| 2010-09-30 | 1.84 |
| 2010-06-30 | 1.69 |
| 2010-03-31 | 1.72 |
| 2009-12-31 | 1.84 |
| 2009-09-30 | 1.21 |
| 2009-06-30 | 1.13 |
| 2009-03-31 | 0.00 |
| 2008-12-31 | 1.18 |
| 2008-09-30 | 0.00 |
