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 3.25 is 42% below its 5-year average of 5.60, near the low end of its 5-year range (0.03–15.83).
As of the fiscal period ended Tuesday, June 30, 2026. 13.09% above its 12-month average of 2.88.
Reported quarterly quick ratio; no daily interpolation. Q1 FY2027 (2026-06-30): 3.25.
QUICK RATIO (ACID-TEST)
3.25
QUICK RATIO (ACID-TEST) AVG TTM
2.88
QUICK RATIO (ACID-TEST) AVG 3Y
3.74
QUICK RATIO (ACID-TEST) AVG 5Y
5.60
QUICK RATIO (ACID-TEST) AVG 10Y
5.92
QUICK RATIO (ACID-TEST) AVG 15Y
3.73
QUICK RATIO (ACID-TEST) AVG 20Y
1.50
CURRENT VS TTM AVG
+13.09%
CURRENT VS 3Y AVG
-13.08%
CURRENT VS 5Y AVG
-41.88%
CURRENT VS 10Y AVG
-44.99%
CURRENT VS 15Y AVG
-12.68%
CURRENT VS 20Y AVG
+116.77%
SECTOR MEDIAN · HEALTHCARE
2.99
median of 613 covered companies
CURRENT VS SECTOR MEDIAN
+8.82%
vs the sector median at left
Modular Medical, Inc.
Market Cap
$20.21M
Quick Ratio (Acid-Test)
3.25
TTM Avg
2.88
3Y Avg
3.74
5Y Avg
5.60
Market Cap
$19.96M
Quick Ratio (Acid-Test)
0.20
TTM Avg
0.34
3Y Avg
6.34
5Y Avg
6.11
Market Cap
$19.86M
Quick Ratio (Acid-Test)
1.25
TTM Avg
1.72
3Y Avg
2.15
5Y Avg
2.15
Market Cap
$18.54M
Quick Ratio (Acid-Test)
0.92
TTM Avg
0.83
3Y Avg
1.35
5Y Avg
1.29
Market Cap
$18.82M
Quick Ratio (Acid-Test)
3.47
TTM Avg
5.82
3Y Avg
11.52
5Y Avg
18.07
Market Cap
$18.70M
Quick Ratio (Acid-Test)
27.85
TTM Avg
15.71
3Y Avg
9.25
5Y Avg
10.43
Market Cap
$22.43M
Quick Ratio (Acid-Test)
1.00
TTM Avg
1.04
3Y Avg
0.94
5Y Avg
0.89
Market Cap
$22.64M
Quick Ratio (Acid-Test)
7.01
TTM Avg
3.03
3Y Avg
5.29
5Y Avg
15.48
Market Cap
$17.15M
Quick Ratio (Acid-Test)
11.48
TTM Avg
10.71
3Y Avg
12.62
5Y Avg
10.43
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Modular Medical, Inc. (MODD) | $20.21M | 3.25 | 2.88 | 3.74 | 5.60 |
| Estrella Immunopharma, Inc. (ESLA)vs › | $19.96M | 0.20 | 0.34 | 6.34 | 6.11 |
| Actuate Therapeutics Inc (ACTU)vs › | $19.86M | 1.25 | 1.72 | 2.15 | 2.15 |
| Cosmos Health Inc. (COSM)vs › | $18.54M | 0.92 | 0.83 | 1.35 | 1.29 |
| NextCure, Inc. (NXTC)vs › | $18.82M | 3.47 | 5.82 | 11.52 | 18.07 |
| Neuphoria Therapeutics Inc. (NEUP)vs › | $18.70M | 27.85 | 15.71 | 9.25 | 10.43 |
| Aytu BioPharma, Inc. (AYTU)vs › | $22.43M | 1.00 | 1.04 | 0.94 | 0.89 |
| LeonaBio, Inc. (LONA)vs › | $22.64M | 7.01 | 3.03 | 5.29 | 15.48 |
| Lipocine Inc. (LPCN)vs › | $17.15M | 11.48 | 10.71 | 12.62 | 10.43 |
| Marker Therapeutics, Inc. (MRKR)vs › | $17.09M | 6.03 | 7.38 | 5.70 | 5.02 |
Quick Ratio
3.25
Excludes inventory
Current Ratio
3.25
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 | 3.25 |
| 2026-03-31 | 4.03 |
| 2025-12-31 | 1.59 |
| 2025-09-30 | 1.47 |
| 2025-06-30 | 4.04 |
| 2025-03-31 | 10.69 |
| 2024-12-31 | 5.30 |
| 2024-09-30 | 3.36 |
| 2024-06-30 | 4.03 |
| 2024-03-31 | 6.66 |
| 2023-12-31 | 1.63 |
| 2023-09-30 | 5.81 |
| 2023-06-30 | 10.13 |
| 2023-03-31 | 4.04 |
| 2022-12-31 | 11.14 |
| 2022-09-30 | 15.83 |
| 2022-06-30 | 14.09 |
| 2022-03-31 | 9.68 |
| 2021-12-31 | 0.03 |
| 2021-09-30 | 0.13 |
| 2021-06-30 | 0.63 |
| 2021-03-31 | 0.50 |
| 2020-12-31 | 0.79 |
| 2020-09-30 | 2.08 |
| 2020-06-30 | 4.37 |
| 2020-03-31 | 4.82 |
| 2019-12-31 | 13.73 |
| 2019-09-30 | 14.50 |
| 2019-06-30 | 22.55 |
| 2019-03-31 | 36.71 |
| 2018-12-31 | 113.77 |
| 2018-09-30 | 78.74 |
| 2018-06-30 | 243.73 |
| 2018-03-31 | 278.81 |
| 2017-12-31 | 138.43 |
| 2017-09-30 | 222.87 |
| 2017-06-30 | 18.44 |
| 2017-03-31 | 1.78 |
| 2016-12-31 | 0.00 |
| 2016-09-30 | 0.00 |
| 2016-06-30 | 0.00 |
| 2016-03-31 | 0.00 |
| 2015-12-31 | 0.00 |
| 2015-09-30 | 0.00 |
| 2015-06-30 | 0.02 |
| 2015-03-31 | 0.03 |
| 2014-12-31 | 0.04 |
| 2014-09-30 | 0.00 |
| 2014-06-30 | 0.00 |
| 2014-03-31 | 0.00 |
| 2013-12-31 | 0.00 |
| 2013-09-30 | 0.00 |
| 2013-06-30 | 0.00 |
| 2013-03-31 | 0.00 |
| 2012-12-31 | 0.00 |
| 2012-09-30 | 0.00 |
| 2012-06-30 | 0.00 |
| 2012-03-31 | 0.00 |
| 2011-12-31 | 0.00 |
| 2011-09-30 | 0.00 |
| 2011-06-30 | 0.00 |
| 2011-03-31 | 0.00 |
| 2010-12-31 | 0.00 |
| 2010-09-30 | 0.00 |
| 2010-06-30 | 0.00 |
| 2010-03-31 | 0.00 |
| 2009-12-31 | 0.00 |
| 2009-09-30 | 0.00 |
| 2009-06-30 | 0.00 |
| 2009-03-31 | 0.00 |
| 2008-12-31 | 0.00 |
| 2008-09-30 | 0.00 |
| 2008-06-30 | 0.00 |
| 2008-03-31 | 0.00 |
| 2007-12-31 | 0.00 |
| 2007-09-30 | 0.00 |
| 2007-06-30 | 0.00 |
| 2007-03-31 | 0.00 |
| 2006-12-31 | 0.00 |
| 2006-09-30 | 0.00 |
| 2006-06-30 | 0.00 |
| 2006-03-31 | 0.00 |
| 2005-12-31 | 0.00 |
| 2005-09-30 | 0.00 |
| 2005-06-30 | 0.00 |
| 2005-03-31 | 0.00 |
| 2004-12-31 | 0.00 |
| 2004-09-30 | 0.01 |
