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 1.18 is 20% above its 5-year average of 0.98, near the high end of its 5-year range (0.48–1.47).
As of the fiscal period ended Tuesday, March 31, 2026. 6.97% below its 12-month average of 1.27.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.18
QUICK RATIO (ACID-TEST) AVG TTM
1.27
QUICK RATIO (ACID-TEST) AVG 3Y
0.94
QUICK RATIO (ACID-TEST) AVG 5Y
0.98
QUICK RATIO (ACID-TEST) AVG 10Y
1.09
QUICK RATIO (ACID-TEST) AVG 15Y
2.73
QUICK RATIO (ACID-TEST) AVG 20Y
3.60
CURRENT VS TTM AVG
-6.97%
CURRENT VS 3Y AVG
+25.94%
CURRENT VS 5Y AVG
+20.38%
CURRENT VS 10Y AVG
+8.80%
CURRENT VS 15Y AVG
-56.80%
CURRENT VS 20Y AVG
-67.23%
SECTOR MEDIAN · TECHNOLOGY
1.61
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
-26.63%
vs the sector median at left
Microchip Technology Incorporated
Market Cap
$40.34B
Quick Ratio (Acid-Test)
1.18
TTM Avg
1.27
3Y Avg
0.94
5Y Avg
0.98
Market Cap
$39.56B
Quick Ratio (Acid-Test)
0.48
TTM Avg
0.42
3Y Avg
0.48
5Y Avg
0.56
Market Cap
$39.16B
Quick Ratio (Acid-Test)
0.46
TTM Avg
0.43
3Y Avg
0.45
5Y Avg
0.45
Market Cap
$38.60B
Quick Ratio (Acid-Test)
8.88
TTM Avg
8.88
3Y Avg
8.66
5Y Avg
9.31
Market Cap
$45.42B
Quick Ratio (Acid-Test)
1.23
TTM Avg
1.00
3Y Avg
0.90
5Y Avg
1.22
Market Cap
$45.70B
Quick Ratio (Acid-Test)
3.08
TTM Avg
6.34
3Y Avg
3.66
5Y Avg
3.48
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Microchip Technology Incorporated (MCHP) | $40.34B | 1.18 | 1.27 | 0.94 | 0.98 |
| Roper Technologies, Inc. (ROP)vs › | $39.56B | 0.48 | 0.42 | 0.48 | 0.56 |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $39.16B | 0.46 | 0.43 | 0.45 | 0.45 |
| Workday, Inc. (WDAY)vs › | $42.00B | 1.32 | 1.58 | 1.70 | 1.48 |
| Credo Technology Group Holding Ltd (CRDO)vs › | $38.60B | 8.88 | 8.88 | 8.66 | 9.31 |
| Celestica Inc. (CLS)vs › | $38.11B | 0.88 | 0.90 | 0.80 | 0.83 |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $45.42B | 1.23 | 1.00 | 0.90 | 1.22 |
| NetApp, Inc. (NTAP)vs › | $35.03B | 1.39 | 1.30 | 1.26 | 1.37 |
| Nebius Group N.V. (NBIS)vs › | $45.70B | 3.08 | 6.34 | 3.66 | 3.48 |
| STMicroelectronics N.V. (STM)vs › | $46.76B | 2.43 | 2.40 | 2.28 | 2.17 |
Quick Ratio
1.18
Excludes inventory
Current Ratio
2.09
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) |
|---|---|
| 2026-03-31 | 1.18 |
| 2025-12-31 | 1.16 |
| 2025-09-30 | 1.20 |
| 2025-06-30 | 1.33 |
| 2025-03-31 | 1.47 |
| 2024-12-31 | 1.23 |
| 2024-09-30 | 0.48 |
| 2024-06-30 | 1.08 |
| 2024-03-31 | 0.67 |
| 2023-12-31 | 0.58 |
| 2023-09-30 | 0.64 |
| 2023-06-30 | 0.60 |
| 2023-03-31 | 0.56 |
| 2022-12-31 | 1.04 |
| 2022-09-30 | 0.65 |
| 2022-06-30 | 1.17 |
| 2022-03-31 | 1.14 |
| 2021-12-31 | 1.18 |
| 2021-09-30 | 1.28 |
| 2021-06-30 | 1.35 |
| 2021-03-31 | 0.61 |
| 2020-12-31 | 0.59 |
| 2020-09-30 | 0.74 |
| 2020-06-30 | 0.57 |
| 2020-03-31 | 0.94 |
| 2019-12-31 | 0.60 |
| 2019-09-30 | 0.60 |
| 2019-06-30 | 0.63 |
| 2019-03-31 | 0.63 |
| 2018-12-31 | 1.83 |
| 2018-09-30 | 0.64 |
| 2018-06-30 | 0.80 |
| 2018-03-31 | 1.43 |
| 2017-12-31 | 2.33 |
| 2017-09-30 | 2.71 |
| 2017-06-30 | 2.54 |
| 2017-03-31 | 2.68 |
| 2016-12-31 | 1.93 |
| 2016-09-30 | 1.84 |
| 2016-06-30 | 2.01 |
| 2016-03-31 | 7.30 |
| 2015-12-31 | 3.82 |
| 2015-09-30 | 6.50 |
| 2015-06-30 | 5.24 |
| 2015-03-31 | 6.74 |
| 2014-12-31 | 4.27 |
| 2014-09-30 | 4.42 |
| 2014-06-30 | 6.08 |
| 2014-03-31 | 5.08 |
| 2013-12-31 | 5.36 |
| 2013-09-30 | 4.56 |
| 2013-06-30 | 3.87 |
| 2013-03-31 | 5.84 |
| 2012-12-31 | 6.87 |
| 2012-09-30 | 6.14 |
| 2012-06-30 | 8.03 |
| 2012-03-31 | 7.26 |
| 2011-12-31 | 6.49 |
| 2011-09-30 | 5.85 |
| 2011-06-30 | 5.77 |
| 2011-03-31 | 4.68 |
| 2010-12-31 | 5.20 |
| 2010-09-30 | 5.64 |
| 2010-06-30 | 6.05 |
| 2010-03-31 | 7.35 |
| 2009-12-31 | 7.18 |
| 2009-09-30 | 9.50 |
| 2009-06-30 | 11.04 |
| 2009-03-31 | 10.35 |
| 2008-12-31 | 9.13 |
| 2008-09-30 | 6.14 |
| 2008-06-30 | 6.71 |
| 2008-03-31 | 8.34 |
| 2007-12-31 | 9.46 |
| 2007-09-30 | 6.01 |
| 2007-06-30 | 5.16 |
| 2007-03-31 | 3.77 |
| 2006-12-31 | 2.52 |
| 2006-09-30 | 1.95 |
| 2006-06-30 | 2.00 |
| 2006-03-31 | 1.65 |
| 2005-12-31 | 3.52 |
| 2005-09-30 | 3.46 |
| 2005-06-30 | 3.34 |
| 2005-03-31 | 3.17 |
| 2004-12-31 | 3.24 |
| 2004-09-30 | 3.06 |
| 2004-06-30 | 3.18 |
| 2004-03-31 | 2.92 |
| 2003-12-31 | 3.18 |
| 2003-09-30 | 2.95 |
| 2003-06-30 | 2.64 |
| 2003-03-31 | 2.36 |
| 2002-12-31 | 2.50 |
| 2002-09-30 | 2.31 |
| 2002-06-30 | 2.58 |