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 1.52 is in line with its 5-year average of 1.54, near the low end of its 5-year range (0.47–10.71).
As of the fiscal period ended Tuesday, June 30, 2026. 23.23% above its 12-month average of 1.24.
Reported quarterly quick ratio; no daily interpolation. Q1 FY2027 (2026-06-30): 1.52.
QUICK RATIO (ACID-TEST)
1.52
QUICK RATIO (ACID-TEST) AVG TTM
1.24
QUICK RATIO (ACID-TEST) AVG 3Y
1.29
QUICK RATIO (ACID-TEST) AVG 5Y
1.54
QUICK RATIO (ACID-TEST) AVG 10Y
1.44
QUICK RATIO (ACID-TEST) AVG 15Y
1.70
QUICK RATIO (ACID-TEST) AVG 20Y
3.35
CURRENT VS TTM AVG
+23.23%
CURRENT VS 3Y AVG
+17.80%
CURRENT VS 5Y AVG
-1.10%
CURRENT VS 10Y AVG
+6.04%
CURRENT VS 15Y AVG
-10.23%
CURRENT VS 20Y AVG
-54.56%
SECTOR MEDIAN · HEALTHCARE
2.99
median of 649 covered companies
CURRENT VS SECTOR MEDIAN
-49.06%
vs the sector median at left
Mesa Laboratories, Inc.
Market Cap
$764.06M
Quick Ratio (Acid-Test)
1.52
TTM Avg
1.24
3Y Avg
1.29
5Y Avg
1.54
Market Cap
$765.72M
Quick Ratio (Acid-Test)
18.86
TTM Avg
23.23
3Y Avg
26.78
5Y Avg
32.61
Market Cap
$755.18M
Quick Ratio (Acid-Test)
9.39
TTM Avg
11.79
3Y Avg
11.79
5Y Avg
11.79
Market Cap
$755.50M
Quick Ratio (Acid-Test)
16.09
TTM Avg
8.04
3Y Avg
7.87
5Y Avg
9.13
Market Cap
$781.78M
Quick Ratio (Acid-Test)
13.29
TTM Avg
5.16
3Y Avg
5.49
5Y Avg
4.89
Market Cap
$789.07M
Quick Ratio (Acid-Test)
5.16
TTM Avg
4.89
3Y Avg
3.82
5Y Avg
4.31
Market Cap
$785.93M
Quick Ratio (Acid-Test)
0.98
TTM Avg
0.95
3Y Avg
0.97
5Y Avg
0.95
Market Cap
$735.04M
Quick Ratio (Acid-Test)
0.95
TTM Avg
4.92
3Y Avg
2.98
5Y Avg
5.72
Market Cap
$794.93M
Quick Ratio (Acid-Test)
3.86
TTM Avg
4.02
3Y Avg
3.56
5Y Avg
3.80
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Mesa Laboratories, Inc. (MLAB) | $764.06M | 1.52 | 1.24 | 1.29 | 1.54 |
| Design Therapeutics, Inc. (DSGN)vs › | $765.72M | 18.86 | 23.23 | 26.78 | 32.61 |
| Attovia Therapeutics, Inc. (ATTO)vs › | $755.18M | 9.39 | 11.79 | 11.79 | 11.79 |
| Candel Therapeutics, Inc. (CADL)vs › | $755.50M | 16.09 | 8.04 | 7.87 | 9.13 |
| Lexicon Pharmaceuticals, Inc. (LXRX)vs › | $781.78M | 13.29 | 5.16 | 5.49 | 4.89 |
| Geron Corporation (GERN)vs › | $789.07M | 5.16 | 4.89 | 3.82 | 4.31 |
| AdaptHealth Corp. (AHCO)vs › | $785.93M | 0.98 | 0.95 | 0.97 | 0.95 |
| Achieve Life Sciences, Inc. (ACHV)vs › | $735.04M | 0.95 | 4.92 | 2.98 | 5.72 |
| Gyre Therapeutics, Inc. (GYRE)vs › | $794.93M | 3.86 | 4.02 | 3.56 | 3.80 |
| Cytek Biosciences, Inc. (CTKB)vs › | $726.43M | 3.86 | 4.81 | 5.95 | 7.14 |
Quick Ratio
1.52
Excludes inventory
Current Ratio
2.07
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 | 1.52 |
| 2026-03-31 | 1.29 |
| 2025-12-31 | 1.45 |
| 2025-09-30 | 1.44 |
| 2025-06-30 | 0.47 |
| 2025-03-31 | 0.47 |
| 2024-12-31 | 0.53 |
| 2024-09-30 | 0.51 |
| 2024-06-30 | 1.37 |
| 2024-03-31 | 1.73 |
| 2023-12-31 | 1.86 |
| 2023-09-30 | 2.13 |
| 2023-06-30 | 2.03 |
| 2023-03-31 | 1.94 |
| 2022-12-31 | 1.93 |
| 2022-09-30 | 2.13 |
| 2022-06-30 | 2.29 |
| 2022-03-31 | 2.07 |
| 2021-12-31 | 2.08 |
| 2021-09-30 | 10.71 |
| 2021-06-30 | 9.06 |
| 2021-03-31 | 8.98 |
| 2020-12-31 | 10.21 |
| 2020-09-30 | 13.74 |
| 2020-06-30 | 12.54 |
| 2020-03-31 | 4.17 |
| 2019-12-31 | 4.04 |
| 2019-09-30 | 15.76 |
| 2019-06-30 | 1.26 |
| 2019-03-31 | 1.13 |
| 2018-12-31 | 1.20 |
| 2018-09-30 | 1.29 |
| 2018-06-30 | 1.55 |
| 2018-03-31 | 1.32 |
| 2017-12-31 | 1.64 |
| 2017-09-30 | 1.97 |
| 2017-06-30 | 1.36 |
| 2017-03-31 | 1.32 |
| 2016-12-31 | 0.93 |
| 2016-09-30 | 0.91 |
| 2016-06-30 | 0.82 |
| 2016-03-31 | 0.97 |
| 2015-12-31 | 0.93 |
| 2015-09-30 | 0.91 |
| 2015-06-30 | 1.26 |
| 2015-03-31 | 1.17 |
| 2014-12-31 | 1.32 |
| 2014-09-30 | 1.52 |
| 2014-06-30 | 1.46 |
| 2014-03-31 | 1.84 |
| 2013-12-31 | 1.25 |
| 2013-09-30 | 2.67 |
| 2013-06-30 | 3.47 |
| 2013-03-31 | 2.98 |
| 2012-12-31 | 2.92 |
| 2012-09-30 | 0.69 |
| 2012-06-30 | 2.57 |
| 2012-03-31 | 3.45 |
| 2011-12-31 | 2.72 |
| 2011-09-30 | 1.94 |
| 2011-06-30 | 1.40 |
| 2011-03-31 | 1.16 |
| 2010-12-31 | 0.96 |
| 2010-09-30 | 1.80 |
| 2010-06-30 | 1.53 |
| 2010-03-31 | 8.05 |
| 2009-12-31 | 6.43 |
| 2009-09-30 | 14.42 |
| 2009-06-30 | 10.00 |
| 2009-03-31 | 9.50 |
| 2008-12-31 | 9.33 |
| 2008-09-30 | 8.85 |
| 2008-06-30 | 7.81 |
| 2008-03-31 | 6.55 |
| 2007-12-31 | 7.83 |
| 2007-09-30 | 8.44 |
| 2007-06-30 | 5.97 |
| 2007-03-31 | 5.14 |
| 2006-12-31 | 5.97 |
| 2006-09-30 | 6.38 |
| 2006-06-30 | 6.65 |
| 2006-03-31 | 7.14 |
| 2005-12-31 | 10.46 |
| 2005-09-30 | 9.23 |
| 2005-06-30 | 9.87 |
| 2005-03-31 | 9.35 |
| 2004-12-31 | 12.85 |
| 2004-09-30 | 15.88 |
| 2004-06-30 | 11.66 |
| 2004-03-31 | 13.13 |
| 2003-12-31 | 13.75 |
| 2003-09-30 | 15.86 |
| 2003-06-30 | 11.45 |
| 2003-03-31 | 12.40 |
| 2002-12-31 | 13.97 |
| 2002-09-30 | 12.17 |