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 4.80 is 19% below its 5-year average of 5.91, near the low end of its 5-year range (4.51–7.37).
As of the fiscal period ended Tuesday, June 30, 2026. 2.69% below its 12-month average of 4.93.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 4.80.
QUICK RATIO (ACID-TEST)
4.80
QUICK RATIO (ACID-TEST) AVG TTM
4.93
QUICK RATIO (ACID-TEST) AVG 3Y
5.87
QUICK RATIO (ACID-TEST) AVG 5Y
5.91
QUICK RATIO (ACID-TEST) AVG 10Y
6.60
QUICK RATIO (ACID-TEST) AVG 15Y
6.22
QUICK RATIO (ACID-TEST) AVG 20Y
5.22
CURRENT VS TTM AVG
-2.69%
CURRENT VS 3Y AVG
-18.34%
CURRENT VS 5Y AVG
-18.80%
CURRENT VS 10Y AVG
-27.28%
CURRENT VS 15Y AVG
-22.83%
CURRENT VS 20Y AVG
-8.17%
SECTOR MEDIAN · TECHNOLOGY
1.69
median of 452 covered companies
CURRENT VS SECTOR MEDIAN
+184.67%
vs the sector median at left
IPG Photonics Corporation
Market Cap
$3.58B
Quick Ratio (Acid-Test)
4.80
TTM Avg
4.93
3Y Avg
5.87
5Y Avg
5.91
Market Cap
$3.57B
Quick Ratio (Acid-Test)
1.46
TTM Avg
2.58
3Y Avg
2.77
5Y Avg
2.69
Market Cap
$3.50B
Quick Ratio (Acid-Test)
2.69
TTM Avg
2.95
3Y Avg
2.46
5Y Avg
2.47
Market Cap
$3.47B
Quick Ratio (Acid-Test)
8.01
TTM Avg
5.50
3Y Avg
5.19
5Y Avg
4.33
Market Cap
$3.39B
Quick Ratio (Acid-Test)
1.21
TTM Avg
1.52
3Y Avg
2.09
5Y Avg
4.44
Market Cap
$3.31B
Quick Ratio (Acid-Test)
1.25
TTM Avg
1.82
3Y Avg
1.75
5Y Avg
1.74
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| IPG Photonics Corporation (IPGP) | $3.58B | 4.80 | 4.93 | 5.87 | 5.91 |
| monday.com Ltd. (MNDY)vs › | $3.57B | 1.46 | 2.58 | 2.77 | 2.69 |
| Cohu, Inc. (COHU)vs › | $3.52B | 4.72 | 5.15 | 4.67 | 4.35 |
| Veeco Instruments Inc. (VECO)vs › | $3.50B | 2.69 | 2.95 | 2.46 | 2.47 |
| Aehr Test Systems (AEHR)vs › | $3.47B | 8.01 | 5.50 | 5.19 | 4.33 |
| Life360, Inc. (LIF)vs › | $3.41B | 5.46 | 4.58 | 3.12 | 3.78 |
| Shift4 Payments, Inc. (FOUR)vs › | $3.39B | 1.21 | 1.52 | 2.09 | 4.44 |
| Ultra Clean Holdings, Inc. (UCTT)vs › | $3.31B | 1.25 | 1.82 | 1.75 | 1.74 |
| Itron, Inc. (ITRI)vs › | $3.85B | 2.29 | 2.24 | 1.78 | 1.61 |
| Freshworks Inc. (FRSH)vs › | $3.88B | 1.69 | 2.65 | 3.52 | 3.75 |
Quick Ratio
4.80
Excludes inventory
Current Ratio
6.18
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 | 4.80 |
| 2026-03-31 | 4.51 |
| 2025-12-31 | 4.74 |
| 2025-09-30 | 5.20 |
| 2025-06-30 | 5.39 |
| 2025-03-31 | 5.87 |
| 2024-12-31 | 5.59 |
| 2024-09-30 | 6.44 |
| 2024-06-30 | 6.91 |
| 2024-03-31 | 7.27 |
| 2023-12-31 | 6.80 |
| 2023-09-30 | 6.56 |
| 2023-06-30 | 6.28 |
| 2023-03-31 | 5.65 |
| 2022-12-31 | 5.38 |
| 2022-09-30 | 5.29 |
| 2022-06-30 | 5.11 |
| 2022-03-31 | 6.42 |
| 2021-12-31 | 6.02 |
| 2021-09-30 | 6.45 |
| 2021-06-30 | 7.37 |
| 2021-03-31 | 8.54 |
| 2020-12-31 | 8.31 |
| 2020-09-30 | 8.25 |
| 2020-06-30 | 8.11 |
| 2020-03-31 | 7.73 |
| 2019-12-31 | 7.90 |
| 2019-09-30 | 7.05 |
| 2019-06-30 | 6.47 |
| 2019-03-31 | 6.55 |
| 2018-12-31 | 5.70 |
| 2018-09-30 | 6.81 |
| 2018-06-30 | 6.94 |
| 2018-03-31 | 7.71 |
| 2017-12-31 | 7.27 |
| 2017-09-30 | 7.46 |
| 2017-06-30 | 7.97 |
| 2017-03-31 | 7.16 |
| 2016-12-31 | 6.71 |
| 2016-09-30 | 6.64 |
| 2016-06-30 | 7.08 |
| 2016-03-31 | 6.44 |
| 2015-12-31 | 6.34 |
| 2015-09-30 | 5.74 |
| 2015-06-30 | 6.45 |
| 2015-03-31 | 6.15 |
| 2014-12-31 | 5.92 |
| 2014-09-30 | 5.34 |
| 2014-06-30 | 5.97 |
| 2014-03-31 | 6.34 |
| 2013-12-31 | 6.13 |
| 2013-09-30 | 5.46 |
| 2013-06-30 | 5.65 |
| 2013-03-31 | 5.76 |
| 2012-12-31 | 4.17 |
| 2012-09-30 | 4.34 |
| 2012-06-30 | 4.63 |
| 2012-03-31 | 5.08 |
| 2011-12-31 | 3.39 |
| 2011-09-30 | 2.84 |
| 2011-06-30 | 3.20 |
| 2011-03-31 | 2.97 |
| 2010-12-31 | 2.76 |
| 2010-09-30 | 2.47 |
| 2010-06-30 | 2.38 |
| 2010-03-31 | 3.01 |
| 2009-12-31 | 3.48 |
| 2009-09-30 | 2.70 |
| 2009-06-30 | 2.14 |
| 2009-03-31 | 2.08 |
| 2008-12-31 | 2.21 |
| 2008-09-30 | 2.04 |
| 2008-06-30 | 1.95 |
| 2008-03-31 | 2.11 |
| 2007-12-31 | 2.76 |
| 2007-09-30 | 2.39 |
| 2007-06-30 | 2.54 |
| 2007-03-31 | 2.85 |
| 2006-12-31 | 2.80 |
| 2006-09-30 | 0.94 |
| 2006-06-30 | 0.74 |
| 2006-03-31 | 0.00 |
| 2005-12-31 | 0.85 |
| 2005-09-30 | 0.00 |
| 2005-06-30 | 0.00 |
| 2005-03-31 | 0.00 |
| 2004-12-31 | 0.66 |
| 2004-09-30 | 0.00 |
| 2004-06-30 | 0.00 |
| 2004-03-31 | 0.00 |