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 1.51 is 10% below its 5-year average of 1.69, near the low end of its 5-year range (0.53–3.94).
As of the fiscal period ended Tuesday, June 30, 2026. 10.46% above its 12-month average of 1.37.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 1.51.
QUICK RATIO (ACID-TEST)
1.51
QUICK RATIO (ACID-TEST) AVG TTM
1.37
QUICK RATIO (ACID-TEST) AVG 3Y
1.70
QUICK RATIO (ACID-TEST) AVG 5Y
1.69
QUICK RATIO (ACID-TEST) AVG 10Y
2.57
QUICK RATIO (ACID-TEST) AVG 15Y
3.91
QUICK RATIO (ACID-TEST) AVG 20Y
3.87
CURRENT VS TTM AVG
+10.46%
CURRENT VS 3Y AVG
-11.12%
CURRENT VS 5Y AVG
-10.42%
CURRENT VS 10Y AVG
-41.28%
CURRENT VS 15Y AVG
-61.35%
CURRENT VS 20Y AVG
-60.94%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 870 covered companies
CURRENT VS SECTOR MEDIAN
-54.95%
vs the sector median at left
Heron Therapeutics, Inc.
Market Cap
$62.78M
Quick Ratio (Acid-Test)
1.51
TTM Avg
1.37
3Y Avg
1.70
5Y Avg
1.69
Market Cap
$62.62M
Quick Ratio (Acid-Test)
5.53
TTM Avg
4.01
3Y Avg
3.97
5Y Avg
5.62
Market Cap
$63.02M
Quick Ratio (Acid-Test)
0.97
TTM Avg
1.07
3Y Avg
1.19
5Y Avg
1.33
Market Cap
$63.78M
Quick Ratio (Acid-Test)
9.90
TTM Avg
11.46
3Y Avg
13.71
5Y Avg
15.39
Market Cap
$64.18M
Quick Ratio (Acid-Test)
0.27
TTM Avg
0.22
3Y Avg
0.21
5Y Avg
0.99
Market Cap
$60.42M
Quick Ratio (Acid-Test)
3.15
TTM Avg
4.21
3Y Avg
4.66
5Y Avg
4.26
Market Cap
$60.02M
Quick Ratio (Acid-Test)
1.35
TTM Avg
1.97
3Y Avg
5.50
5Y Avg
8.52
Market Cap
$65.85M
Quick Ratio (Acid-Test)
33.15
TTM Avg
13.79
3Y Avg
28.68
5Y Avg
44.67
Market Cap
$65.86M
Quick Ratio (Acid-Test)
3.50
TTM Avg
1.85
3Y Avg
1.22
5Y Avg
3.58
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Heron Therapeutics, Inc. (HRTX) | $62.78M | 1.51 | 1.37 | 1.70 | 1.69 |
| RenovoRx, Inc. (RNXT)vs › | $62.62M | 5.53 | 4.01 | 3.97 | 5.62 |
| InterCure Ltd. (INCR)vs › | $63.02M | 0.97 | 1.07 | 1.19 | 1.33 |
| Pliant Therapeutics, Inc. (PLRX)vs › | $63.78M | 9.90 | 11.46 | 13.71 | 15.39 |
| Alps Group Inc (ALPS)vs › | $64.18M | 0.27 | 0.22 | 0.21 | 0.99 |
| Fractyl Health, Inc. (GUTS)vs › | $60.42M | 3.15 | 4.21 | 4.66 | 4.26 |
| Oncolytics Biotech Inc. (ONCY)vs › | $60.02M | 1.35 | 1.97 | 5.50 | 8.52 |
| XBiotech Inc. (XBIT)vs › | $65.85M | 33.15 | 13.79 | 28.68 | 44.67 |
| Cingulate Inc. (CING)vs › | $65.86M | 3.50 | 1.85 | 1.22 | 3.58 |
| Gossamer Bio, Inc. (GOSS)vs › | $65.87M | 0.53 | 4.76 | 5.20 | 7.10 |
Quick Ratio
1.51
Excludes inventory
Current Ratio
2.49
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 | 1.51 |
| 2026-03-31 | 1.51 |
| 2025-12-31 | 1.51 |
| 2025-09-30 | 1.78 |
| 2025-06-30 | 0.53 |
| 2025-03-31 | 1.76 |
| 2024-12-31 | 1.70 |
| 2024-09-30 | 1.74 |
| 2024-06-30 | 1.85 |
| 2024-03-31 | 1.90 |
| 2023-12-31 | 1.84 |
| 2023-09-30 | 1.91 |
| 2023-06-30 | 1.39 |
| 2023-03-31 | 1.62 |
| 2022-12-31 | 1.83 |
| 2022-09-30 | 1.83 |
| 2022-06-30 | 1.21 |
| 2022-03-31 | 1.79 |
| 2021-12-31 | 2.90 |
| 2021-09-30 | 3.78 |
| 2021-06-30 | 3.94 |
| 2021-03-31 | 2.28 |
| 2020-12-31 | 2.66 |
| 2020-09-30 | 3.16 |
| 2020-06-30 | 3.79 |
| 2020-03-31 | 4.17 |
| 2019-12-31 | 4.70 |
| 2019-09-30 | 3.51 |
| 2019-06-30 | 3.70 |
| 2019-03-31 | 4.06 |
| 2018-12-31 | 4.44 |
| 2018-09-30 | 6.69 |
| 2018-06-30 | 6.04 |
| 2018-03-31 | 1.72 |
| 2017-12-31 | 2.11 |
| 2017-09-30 | 2.02 |
| 2017-06-30 | 2.72 |
| 2017-03-31 | 4.79 |
| 2016-12-31 | 1.47 |
| 2016-09-30 | 2.97 |
| 2016-06-30 | 2.79 |
| 2016-03-31 | 5.50 |
| 2015-12-31 | 6.83 |
| 2015-09-30 | 9.42 |
| 2015-06-30 | 10.45 |
| 2015-03-31 | 4.86 |
| 2014-12-31 | 5.41 |
| 2014-09-30 | 7.92 |
| 2014-06-30 | 9.78 |
| 2014-03-31 | 8.09 |
| 2013-12-31 | 10.43 |
| 2013-09-30 | 4.25 |
| 2013-06-30 | 3.67 |
| 2013-03-31 | 6.08 |
| 2012-12-31 | 13.02 |
| 2012-09-30 | 14.23 |
| 2012-06-30 | 4.17 |
| 2012-03-31 | 4.09 |
| 2011-12-31 | 4.94 |
| 2011-09-30 | 8.39 |
| 2011-06-30 | 6.81 |
| 2011-03-31 | 0.89 |
| 2010-12-31 | 1.60 |
| 2010-09-30 | 2.65 |
| 2010-06-30 | 2.42 |
| 2010-03-31 | 4.15 |
| 2009-12-31 | 4.41 |
| 2009-09-30 | 0.96 |
| 2009-06-30 | 1.65 |
| 2009-03-31 | 2.80 |
| 2008-12-31 | 3.39 |
| 2008-09-30 | 2.97 |
| 2008-06-30 | 4.33 |
| 2008-03-31 | 5.15 |
| 2007-12-31 | 5.77 |
| 2007-09-30 | 11.46 |
| 2007-06-30 | 12.90 |
| 2007-03-31 | 2.68 |
| 2006-12-31 | 3.87 |
| 2006-09-30 | 7.81 |
| 2006-06-30 | 9.71 |
| 2006-03-31 | 12.00 |
| 2005-12-31 | 2.77 |
| 2005-09-30 | 3.92 |
| 2005-06-30 | 4.77 |
| 2005-03-31 | 6.91 |
| 2004-12-31 | 5.42 |
| 2004-09-30 | 7.54 |
| 2004-06-30 | 10.04 |
| 2004-03-31 | 3.82 |
| 2003-12-31 | 5.95 |
| 2003-09-30 | 6.29 |
| 2003-06-30 | 6.46 |
| 2003-03-31 | 6.64 |
| 2002-12-31 | 7.97 |
| 2002-09-30 | 6.75 |