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 1.62 is 151% above its 5-year average of 0.65, near the high end of its 5-year range (0.49–2.02).
As of the fiscal period ended Tuesday, June 30, 2026. 43.44% above its 12-month average of 1.13.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 1.62.
QUICK RATIO (ACID-TEST)
1.62
QUICK RATIO (ACID-TEST) AVG TTM
1.13
QUICK RATIO (ACID-TEST) AVG 3Y
0.67
QUICK RATIO (ACID-TEST) AVG 5Y
0.65
QUICK RATIO (ACID-TEST) AVG 10Y
0.65
QUICK RATIO (ACID-TEST) AVG 15Y
0.85
QUICK RATIO (ACID-TEST) AVG 20Y
0.86
CURRENT VS TTM AVG
+43.44%
CURRENT VS 3Y AVG
+141.69%
CURRENT VS 5Y AVG
+150.94%
CURRENT VS 10Y AVG
+149.01%
CURRENT VS 15Y AVG
+90.96%
CURRENT VS 20Y AVG
+89.83%
SECTOR MEDIAN · UTILITIES
0.71
median of 68 covered companies
CURRENT VS SECTOR MEDIAN
+128.75%
vs the sector median at left
Market Cap
$2.50B
Quick Ratio (Acid-Test)
0.40
TTM Avg
0.47
3Y Avg
0.65
5Y Avg
0.91
Market Cap
$2.30B
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.67B
Quick Ratio (Acid-Test)
0.79
TTM Avg
0.91
3Y Avg
0.91
5Y Avg
0.95
Market Cap
$2.00B
Quick Ratio (Acid-Test)
0.55
TTM Avg
0.63
3Y Avg
0.67
5Y Avg
0.61
Market Cap
$2.95B
Quick Ratio (Acid-Test)
0.69
TTM Avg
0.58
3Y Avg
0.61
5Y Avg
0.56
Market Cap
$3.24B
Quick Ratio (Acid-Test)
1.00
TTM Avg
0.93
3Y Avg
0.93
5Y Avg
0.93
Market Cap
$1.48B
Quick Ratio (Acid-Test)
0.89
TTM Avg
1.18
3Y Avg
1.13
5Y Avg
0.94
Market Cap
$996.65M
Quick Ratio (Acid-Test)
0.41
TTM Avg
0.40
3Y Avg
0.51
5Y Avg
0.51
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| H2O America (HTO) | $2.44B | 1.62 | 1.13 | 0.67 | 0.65 |
| ReNew Energy Global Plc (RNW)vs › | $2.50B | 0.40 | 0.47 | 0.65 | 0.91 |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.30B | N/A | N/A | N/A | N/A |
| MGE Energy, Inc. (MGEE)vs › | $2.67B | 0.79 | 0.91 | 0.91 | 0.95 |
| Northwest Natural Holding Company (NWN)vs › | $2.00B | 0.55 | 0.63 | 0.67 | 0.61 |
| Avista Corporation (AVA)vs › | $2.95B | 0.69 | 0.58 | 0.61 | 0.56 |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.24B | 1.00 | 0.93 | 0.93 | 0.93 |
| Fluence Energy, Inc. (FLNC)vs › | $1.48B | 0.89 | 1.18 | 1.13 | 0.94 |
| Middlesex Water Company (MSEX)vs › | $996.65M | 0.41 | 0.40 | 0.51 | 0.51 |
| XPLR Infrastructure, LP (XIFR)vs › | $979.02M | 1.14 | 0.76 | 1.05 | 1.06 |
Quick Ratio
1.62
Excludes inventory
Current Ratio
1.67
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 | 1.62 |
| 2026-03-31 | 2.02 |
| 2025-12-31 | 0.70 |
| 2025-09-30 | 0.68 |
| 2025-06-30 | 0.64 |
| 2025-03-31 | 0.66 |
| 2024-12-31 | 0.73 |
| 2024-09-30 | 0.77 |
| 2024-06-30 | 0.49 |
| 2024-03-31 | 0.55 |
| 2023-12-31 | 0.58 |
| 2023-09-30 | 0.74 |
| 2023-06-30 | 0.85 |
| 2023-03-31 | 0.91 |
| 2022-12-31 | 0.59 |
| 2022-09-30 | 0.50 |
| 2022-06-30 | 0.50 |
| 2022-03-31 | 0.63 |
| 2021-12-31 | 0.66 |
| 2021-09-30 | 0.58 |
| 2021-06-30 | 0.54 |
| 2021-03-31 | 0.43 |
| 2020-12-31 | 0.36 |
| 2020-09-30 | 0.51 |
| 2020-06-30 | 0.56 |
| 2020-03-31 | 0.54 |
| 2019-12-31 | 0.52 |
| 2019-09-30 | 3.52 |
| 2019-06-30 | 3.97 |
| 2019-03-31 | 5.63 |
| 2018-12-31 | 3.07 |
| 2018-09-30 | 0.53 |
| 2018-06-30 | 0.59 |
| 2018-03-31 | 0.64 |
| 2017-12-31 | 0.13 |
| 2017-09-30 | 0.93 |
| 2017-06-30 | 1.04 |
| 2017-03-31 | 1.45 |
| 2016-12-31 | 1.57 |
| 2016-09-30 | 0.88 |
| 2016-06-30 | 0.77 |
| 2016-03-31 | 0.64 |
| 2015-12-31 | 0.92 |
| 2015-09-30 | 1.05 |
| 2015-06-30 | 1.16 |
| 2015-03-31 | 1.27 |
| 2014-12-31 | 1.50 |
| 2014-09-30 | 1.34 |
| 2014-06-30 | 0.50 |
| 2014-03-31 | 0.55 |
| 2013-12-31 | 0.65 |
| 2013-09-30 | 0.97 |
| 2013-06-30 | 1.04 |
| 2013-03-31 | 0.56 |
| 2012-12-31 | 0.85 |
| 2012-09-30 | 1.20 |
| 2012-06-30 | 1.25 |
| 2012-03-31 | 1.83 |
| 2011-12-31 | 2.40 |
| 2011-09-30 | 2.28 |
| 2011-06-30 | 2.10 |
| 2011-03-31 | 0.93 |
| 2010-12-31 | 1.27 |
| 2010-09-30 | 0.78 |
| 2010-06-30 | 1.15 |
| 2010-03-31 | 0.58 |
| 2009-12-31 | 0.85 |
| 2009-09-30 | 1.04 |
| 2009-06-30 | 1.10 |
| 2009-03-31 | 0.70 |
| 2008-12-31 | 0.72 |
| 2008-09-30 | 0.80 |
| 2008-06-30 | 0.85 |
| 2008-03-31 | 0.78 |
| 2007-12-31 | 0.93 |
| 2007-09-30 | 0.92 |
| 2007-06-30 | 1.08 |
| 2007-03-31 | 1.26 |
| 2006-12-31 | 1.57 |
| 2006-09-30 | 0.67 |
| 2006-06-30 | 0.66 |
| 2006-03-31 | 1.53 |
| 2005-12-31 | 1.48 |
| 2005-09-30 | 1.71 |
| 2005-06-30 | 1.66 |
| 2005-03-31 | 1.63 |
| 2004-12-31 | 1.81 |
| 2004-09-30 | 1.16 |
| 2004-06-30 | 1.25 |
| 2004-03-31 | 1.38 |
| 2003-12-31 | 1.77 |
| 2003-09-30 | 1.67 |
| 2003-06-30 | 0.75 |
| 2003-03-31 | 0.83 |
| 2002-12-31 | 0.77 |
| 2002-09-30 | 0.72 |