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 1.76 is 33% below its 5-year average of 2.61, near the low end of its 5-year range (1.76–4.41).
As of the fiscal period ended Tuesday, June 30, 2026. 17.83% below its 12-month average of 2.14.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.76
QUICK RATIO (ACID-TEST) AVG TTM
2.14
QUICK RATIO (ACID-TEST) AVG 3Y
2.54
QUICK RATIO (ACID-TEST) AVG 5Y
2.61
QUICK RATIO (ACID-TEST) AVG 10Y
5.22
QUICK RATIO (ACID-TEST) AVG 15Y
7.01
QUICK RATIO (ACID-TEST) AVG 20Y
7.48
CURRENT VS TTM AVG
-17.83%
CURRENT VS 3Y AVG
-30.95%
CURRENT VS 5Y AVG
-32.71%
CURRENT VS 10Y AVG
-66.36%
CURRENT VS 15Y AVG
-74.95%
CURRENT VS 20Y AVG
-76.51%
SECTOR MEDIAN · FINANCIAL SERVICES
1.48
median of 9 covered companies
CURRENT VS SECTOR MEDIAN
+18.73%
vs the sector median at left
MarketAxess Holdings Inc.
Market Cap
$5.72B
Quick Ratio (Acid-Test)
1.76
TTM Avg
2.14
3Y Avg
2.54
5Y Avg
2.61
Market Cap
$5.54B
Quick Ratio (Acid-Test)
N/A
TTM Avg
0.06
3Y Avg
0.10
5Y Avg
0.11
Market Cap
$5.45B
Quick Ratio (Acid-Test)
N/A
TTM Avg
226.86
3Y Avg
114.79
5Y Avg
77.09
Market Cap
$2.74B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.51
3Y Avg
3.39
5Y Avg
3.32
Market Cap
$8.70B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.07
3Y Avg
1.20
5Y Avg
1.22
Market Cap
$1.10B
Quick Ratio (Acid-Test)
N/A
TTM Avg
0.56
3Y Avg
13.19
5Y Avg
14.96
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MarketAxess Holdings Inc. (MKTX) | $5.72B | 1.76 | 2.14 | 2.54 | 2.61 |
| RLI Corp. (RLI)vs › | $5.89B | N/A | 0.90 | 1.01 | 1.04 |
| Axos Financial, Inc. (AX)vs › | $5.54B | N/A | 0.06 | 0.10 | 0.11 |
| Main Street Capital Corporation (MAIN)vs › | $5.45B | N/A | 226.86 | 114.79 | 77.09 |
| TeraWulf Inc. (WULF)vs › | $8.17B | N/A | 3.71 | 1.98 | 2.18 |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.74B | N/A | 1.51 | 3.39 | 3.32 |
| Kinsale Capital Group, Inc. (KNSL)vs › | $8.70B | N/A | 1.07 | 1.20 | 1.22 |
| Hut 8 Corp. (HUT)vs › | $9.81B | N/A | 1.38 | 2.83 | 5.12 |
| Lufax Holding Ltd (LU)vs › | $1.10B | N/A | 0.56 | 13.19 | 14.96 |
| Washington Trust Bancorp, Inc. (WASH)vs › | $759.57M | N/A | 0.02 | 0.12 | 0.16 |
Quick Ratio
1.76
Excludes inventory
Current Ratio
1.76
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 | 1.76 |
| 2026-03-31 | 2.00 |
| 2025-12-31 | 1.84 |
| 2025-09-30 | 2.50 |
| 2025-06-30 | 2.59 |
| 2025-03-31 | 2.81 |
| 2024-12-31 | 4.41 |
| 2024-09-30 | 3.58 |
| 2024-06-30 | 2.89 |
| 2024-03-31 | 2.50 |
| 2023-12-31 | 2.31 |
| 2023-09-30 | 2.67 |
| 2023-06-30 | 3.08 |
| 2023-03-31 | 2.70 |
| 2022-12-31 | 2.76 |
| 2022-09-30 | 2.61 |
| 2022-06-30 | 2.42 |
| 2022-03-31 | 2.14 |
| 2021-12-31 | 3.05 |
| 2021-09-30 | 2.67 |
| 2021-06-30 | 2.69 |
| 2021-03-31 | 2.54 |
| 2020-12-31 | 4.03 |
| 2020-09-30 | 4.15 |
| 2020-06-30 | 11.25 |
| 2020-03-31 | 9.00 |
| 2019-12-31 | 11.47 |
| 2019-09-30 | 7.33 |
| 2019-06-30 | 7.55 |
| 2019-03-31 | 8.20 |
| 2018-12-31 | 6.71 |
| 2018-09-30 | 8.06 |
| 2018-06-30 | 6.93 |
| 2018-03-31 | 6.62 |
| 2017-12-31 | 7.96 |
| 2017-09-30 | 10.69 |
| 2017-06-30 | 8.99 |
| 2017-03-31 | 6.03 |
| 2016-12-31 | 9.13 |
| 2016-09-30 | 10.49 |
| 2016-06-30 | 11.06 |
| 2016-03-31 | 6.67 |
| 2015-12-31 | 17.59 |
| 2015-09-30 | 15.61 |
| 2015-06-30 | 12.89 |
| 2015-03-31 | 11.03 |
| 2014-12-31 | 13.47 |
| 2014-09-30 | 14.15 |
| 2014-06-30 | 11.70 |
| 2014-03-31 | 11.03 |
| 2013-12-31 | 14.09 |
| 2013-09-30 | 70.03 |
| 2013-06-30 | 9.10 |
| 2013-03-31 | 7.61 |
| 2012-12-31 | 12.74 |
| 2012-09-30 | 7.41 |
| 2012-06-30 | 8.12 |
| 2012-03-31 | 8.54 |
| 2011-12-31 | 7.67 |
| 2011-09-30 | 8.08 |
| 2011-06-30 | 9.16 |
| 2011-03-31 | 11.03 |
| 2010-12-31 | 6.57 |
| 2010-09-30 | 9.46 |
| 2010-06-30 | 8.66 |
| 2010-03-31 | 9.91 |
| 2009-12-31 | 6.64 |
| 2009-09-30 | 7.51 |
| 2009-06-30 | 10.08 |
| 2009-03-31 | 11.36 |
| 2008-12-31 | 7.41 |
| 2008-09-30 | 7.97 |
| 2008-06-30 | 107.48 |
| 2008-03-31 | 92.04 |
| 2007-12-31 | 236.05 |
| 2007-09-30 | 165.32 |
| 2007-06-30 | 282.71 |
| 2007-03-31 | 21.14 |
| 2006-12-31 | 225.63 |
| 2006-09-30 | 537.48 |
| 2006-06-30 | 382.53 |
| 2006-03-31 | 266.72 |
| 2005-12-31 | 193.97 |
| 2005-09-30 | 130.89 |
| 2005-06-30 | 106.55 |
| 2005-03-31 | 79.86 |
| 2004-12-31 | 42.38 |
| 2004-09-30 | 0.00 |
| 2004-06-30 | 0.00 |
| 2004-03-31 | 0.00 |