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 1.97 is 69% above its 5-year average of 1.17, near the high end of its 5-year range (0.86–1.97).
As of the fiscal period ended Tuesday, June 30, 2026. 50.08% above its 12-month average of 1.32.
Reported quarterly quick ratio; no daily interpolation. Q4 FY2026 (2026-06-30): 1.97.
QUICK RATIO (ACID-TEST)
1.97
QUICK RATIO (ACID-TEST) AVG TTM
1.32
QUICK RATIO (ACID-TEST) AVG 3Y
1.21
QUICK RATIO (ACID-TEST) AVG 5Y
1.17
QUICK RATIO (ACID-TEST) AVG 10Y
1.27
QUICK RATIO (ACID-TEST) AVG 15Y
1.71
QUICK RATIO (ACID-TEST) AVG 20Y
1.81
CURRENT VS TTM AVG
+50.08%
CURRENT VS 3Y AVG
+63.01%
CURRENT VS 5Y AVG
+68.66%
CURRENT VS 10Y AVG
+55.23%
CURRENT VS 15Y AVG
+15.47%
CURRENT VS 20Y AVG
+9.12%
SECTOR MEDIAN · INDUSTRIALS
1.36
median of 449 covered companies
CURRENT VS SECTOR MEDIAN
+45.12%
vs the sector median at left
LSI Industries Inc.
Market Cap
$775.00M
Quick Ratio (Acid-Test)
1.97
TTM Avg
1.32
3Y Avg
1.21
5Y Avg
1.17
Market Cap
$768.23M
Quick Ratio (Acid-Test)
1.14
TTM Avg
1.31
3Y Avg
1.32
5Y Avg
1.33
Market Cap
$747.76M
Quick Ratio (Acid-Test)
2.31
TTM Avg
2.91
3Y Avg
2.44
5Y Avg
1.66
Market Cap
$748.98M
Quick Ratio (Acid-Test)
0.90
TTM Avg
1.15
3Y Avg
1.25
5Y Avg
1.46
Market Cap
$807.89M
Quick Ratio (Acid-Test)
2.42
TTM Avg
1.32
3Y Avg
2.90
5Y Avg
3.76
Market Cap
$808.75M
Quick Ratio (Acid-Test)
0.84
TTM Avg
0.80
3Y Avg
0.84
5Y Avg
0.67
Market Cap
$814.78M
Quick Ratio (Acid-Test)
1.14
TTM Avg
1.10
3Y Avg
1.10
5Y Avg
1.10
Market Cap
$717.49M
Quick Ratio (Acid-Test)
0.17
TTM Avg
0.60
3Y Avg
0.82
5Y Avg
1.20
Market Cap
$830.47M
Quick Ratio (Acid-Test)
1.11
TTM Avg
1.11
3Y Avg
2.26
5Y Avg
3.86
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| LSI Industries Inc. (LYTS) | $775.00M | 1.97 | 1.32 | 1.21 | 1.17 |
| Barrett Business Services, Inc. (BBSI)vs › | $768.23M | 1.14 | 1.31 | 1.32 | 1.33 |
| Satellogic Inc. (SATL)vs › | $747.76M | 2.31 | 2.91 | 2.44 | 1.66 |
| Bowman Consulting Group Ltd. (BWMN)vs › | $748.98M | 0.90 | 1.15 | 1.25 | 1.46 |
| PureCycle Technologies, Inc. (PCT)vs › | $807.89M | 2.42 | 1.32 | 2.90 | 3.76 |
| Republic Airways Holdings Inc. (RJET)vs › | $808.75M | 0.84 | 0.80 | 0.84 | 0.67 |
| Paysign, Inc. (PAYS)vs › | $814.78M | 1.14 | 1.10 | 1.10 | 1.10 |
| ADS-TEC Energy PLC (ADSE)vs › | $717.49M | 0.17 | 0.60 | 0.82 | 1.20 |
| Evolv Technologies Holdings, Inc. (EVLV)vs › | $830.47M | 1.11 | 1.11 | 2.26 | 3.86 |
| Elmet Group Co. (ELMT)vs › | $705.88M | 1.60 | 1.56 | 1.56 | 1.56 |
Quick Ratio
1.97
Excludes inventory
Current Ratio
1.97
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 | 1.97 |
| 2026-02-20 | 0.86 |
| 2025-12-31 | 1.21 |
| 2025-09-30 | 1.36 |
| 2025-06-30 | 1.17 |
| 2025-03-31 | 1.25 |
| 2024-12-31 | 1.20 |
| 2024-09-30 | 1.19 |
| 2024-06-30 | 1.16 |
| 2024-03-31 | 1.25 |
| 2023-12-31 | 1.24 |
| 2023-09-30 | 1.17 |
| 2023-06-30 | 1.13 |
| 2023-03-31 | 1.18 |
| 2022-12-31 | 1.18 |
| 2022-09-30 | 1.13 |
| 2022-06-30 | 1.10 |
| 2022-03-31 | 1.07 |
| 2021-12-31 | 1.10 |
| 2021-09-30 | 0.99 |
| 2021-06-30 | 0.93 |
| 2021-03-31 | 1.37 |
| 2020-12-31 | 1.57 |
| 2020-09-30 | 1.41 |
| 2020-06-30 | 1.36 |
| 2020-03-31 | 1.33 |
| 2019-12-31 | 1.20 |
| 2019-09-30 | 1.43 |
| 2019-06-30 | 1.69 |
| 2019-03-31 | 1.39 |
| 2018-12-31 | 1.41 |
| 2018-09-30 | 1.50 |
| 2018-06-30 | 1.40 |
| 2018-03-31 | 1.39 |
| 2017-12-31 | 1.57 |
| 2017-09-30 | 1.45 |
| 2017-06-30 | 1.26 |
| 2017-03-31 | 1.47 |
| 2016-12-31 | 2.40 |
| 2016-09-30 | 2.31 |
| 2016-06-30 | 2.13 |
| 2016-03-31 | 2.36 |
| 2015-12-31 | 2.49 |
| 2015-09-30 | 2.20 |
| 2015-06-30 | 2.11 |
| 2015-03-31 | 2.24 |
| 2014-12-31 | 2.24 |
| 2014-09-30 | 2.18 |
| 2014-06-30 | 2.07 |
| 2014-03-31 | 2.11 |
| 2013-12-31 | 2.06 |
| 2013-09-30 | 2.22 |
| 2013-06-30 | 2.32 |
| 2013-03-31 | 2.50 |
| 2012-12-31 | 2.52 |
| 2012-09-30 | 2.52 |
| 2012-06-30 | 2.85 |
| 2012-03-31 | 2.88 |
| 2011-12-31 | 3.09 |
| 2011-09-30 | 2.85 |
| 2011-06-30 | 2.59 |
| 2011-04-29 | 1.97 |
| 2010-12-31 | 2.50 |
| 2010-09-30 | 2.40 |
| 2010-06-30 | 2.30 |
| 2010-03-31 | 2.63 |
| 2009-12-31 | 3.03 |
| 2009-09-30 | 2.35 |
| 2009-06-30 | 2.65 |
| 2009-03-31 | 2.96 |
| 2008-12-31 | 2.50 |
| 2008-09-30 | 2.00 |
| 2008-06-30 | 1.71 |
| 2008-03-31 | 2.09 |
| 2007-12-31 | 1.79 |
| 2007-09-30 | 1.49 |
| 2007-06-30 | 1.34 |
| 2007-03-31 | 1.36 |
| 2006-12-31 | 1.90 |
| 2006-09-30 | 1.77 |
| 2006-06-30 | 1.53 |
| 2006-03-31 | 2.16 |
| 2005-12-31 | 2.15 |
| 2005-09-30 | 1.82 |
| 2005-06-30 | 1.88 |
| 2005-03-31 | 1.70 |
| 2004-12-31 | 1.67 |
| 2004-09-30 | 1.72 |
| 2004-06-30 | 1.53 |
| 2004-03-31 | 1.51 |
| 2003-12-31 | 1.63 |
| 2003-09-30 | 1.88 |
| 2003-06-30 | 1.81 |
| 2003-03-31 | 1.54 |
| 2002-12-31 | 1.62 |
| 2002-09-30 | 1.74 |