Quick Ratio (Acid-Test): 163.21
Is the quick ratio (acid-test) high or low?
The quick ratio (acid-test) of 163.21 is 747% above its 5-year average of 19.26, near the high end of its 5-year range (0.00–163.21).
As of Monday, June 29, 2026. 192.71% above its 12-month average of 55.76.
NMS Quick Ratio
Reported quarterly quick ratio; no daily interpolation.
NMS Average Quick Ratio (Acid-Test) Chart
NMS Current vs Average Quick Ratio (Acid-Test) Chart
NMS Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
163.21
QUICK RATIO (ACID-TEST) AVG TTM
55.76
QUICK RATIO (ACID-TEST) AVG 3Y
26.67
QUICK RATIO (ACID-TEST) AVG 5Y
19.26
QUICK RATIO (ACID-TEST) AVG 10Y
N/A
QUICK RATIO (ACID-TEST) AVG 15Y
N/A
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+192.71%
CURRENT VS 3Y AVG
+511.98%
CURRENT VS 5Y AVG
+747.29%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
NMS Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen Minnesota Quality Municipal Income Fund (NMS) | $74.78M | 163.21 | 55.76 | 26.67 | 19.26 |
| Global X - MSCI Colombia ETF (COLO)vs › | $126.82M | N/A | N/A | N/A | N/A |
| CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ)vs › | $5.89M | N/A | N/A | N/A | N/A |
| Blackrock 2037 Municipal Target Term Trust (BMN)vs › | $157.50M | N/A | N/A | N/A | N/A |
| DeFi Technologies Inc. (DEFT)vs › | $157.96M | 0.88 | 0.83 | 0.80 | 0.81 |
| The New Germany Fund, Inc. (GF)vs › | $186.66M | 1.05 | 1.01 | 0.97 | 0.73 |
| Franklin Universal Trust (FT)vs › | $202.31M | 12.80 | 11.33 | 11.33 | 8.17 |
| Isabella Bank Corporation (ISBA)vs › | $294.33M | 0.12 | 0.13 | 0.24 | 0.28 |
| BlackRock Floating Rate Income Trust (BGT)vs › | $313.76M | 0.00 | 0.28 | 0.51 | 0.50 |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $529.65M | 0.06 | 0.26 | 0.26 | 0.26 |
Liquidity Comparison
Quick Ratio
163.21
Excludes inventory
Current Ratio
3.56
Includes inventory
Quick Ratio (Acid-Test) Formula & Definition
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
Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The quick ratio (acid-test) for NMS stock is 163.21.
- Is Nuveen Minnesota Quality Municipal Income Fund's quick ratio (acid-test) high or low?
- The quick ratio (acid-test) of 163.21 is 747% above its 5-year average of 19.26, near the high end of its 5-year range (0.00–163.21).
- What is the TTM average quick ratio (acid-test) for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The TTM average quick ratio (acid-test) for NMS stock is 55.76.
- What is the 3Y average quick ratio (acid-test) for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The 3Y average quick ratio (acid-test) for NMS stock is 26.67.
- What is the 5Y average quick ratio (acid-test) for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The 5Y average quick ratio (acid-test) for NMS stock is 19.26.
NMS Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2025-11-30 | 163.21 |
| 2025-05-31 | 3.56 |
| 2024-11-30 | 0.51 |
| 2024-05-31 | 0.00 |
| 2023-11-30 | 10.54 |
| 2023-05-31 | 8.35 |
| 2022-11-30 | 0.52 |
| 2022-05-31 | 0.96 |
| 2021-11-30 | 5.54 |
| 2021-05-31 | 3.06 |
| 2020-11-30 | 15.63 |
| 2020-05-31 | -4.02 |
| 2019-11-30 | -2.21 |
| 2019-05-31 | -7.64 |
| 2018-11-30 | 0.97 |
| 2018-05-31 | 2.44 |
| 2017-11-30 | 1.36 |
Related Metrics
About Nuveen Minnesota Quality Municipal Income Fund
The Nuveen Minnesota Quality Municipal Income Fund (NMS) operates as a closed-end mutual fund, focusing on fixed income assets, initially launched by Nuveen Investments, Inc. Its management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets across the United States. A core part of its strategy involves investing in investment-grade municipal bonds that provide exemptions from regular federal and Minnesota personal income taxes. To ensure quality, the fund targets securities with a credit rating of at least Baa/BBB or better, as assessed by S&P, Moody's, or Fitch. This fund, formerly recognized as the Nuveen Minnesota Municipal Income Fund, was established on June 25, 1993, and is domiciled in the United States.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- CEO
- Christopher L. Drahn