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 0.87 is 88% below its 5-year average of 7.34, near the low end of its 5-year range (0.87–19.43).
As of the fiscal period ended Tuesday, June 30, 2026. 62.65% below its 12-month average of 2.32.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.87.
QUICK RATIO (ACID-TEST)
0.87
QUICK RATIO (ACID-TEST) AVG TTM
2.32
QUICK RATIO (ACID-TEST) AVG 3Y
4.89
QUICK RATIO (ACID-TEST) AVG 5Y
7.34
QUICK RATIO (ACID-TEST) AVG 10Y
5.06
QUICK RATIO (ACID-TEST) AVG 15Y
2.68
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
-62.65%
CURRENT VS 3Y AVG
-82.29%
CURRENT VS 5Y AVG
-88.21%
CURRENT VS 10Y AVG
-82.88%
CURRENT VS 15Y AVG
-67.69%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
3.35
median of 871 covered companies
CURRENT VS SECTOR MEDIAN
-74.16%
vs the sector median at left
Processa Pharmaceuticals, Inc.
Market Cap
$4.11M
Quick Ratio (Acid-Test)
0.87
TTM Avg
2.32
3Y Avg
4.89
5Y Avg
7.34
Market Cap
$3.97M
Quick Ratio (Acid-Test)
2.08
TTM Avg
2.77
3Y Avg
2.83
5Y Avg
2.68
Market Cap
$4.27M
Quick Ratio (Acid-Test)
1.35
TTM Avg
3.30
3Y Avg
6.18
5Y Avg
6.77
Market Cap
$4.44M
Quick Ratio (Acid-Test)
1.95
TTM Avg
2.83
3Y Avg
3.75
5Y Avg
3.40
Market Cap
$3.85M
Quick Ratio (Acid-Test)
1.78
TTM Avg
2.64
3Y Avg
1.92
5Y Avg
1.57
Market Cap
$4.55M
Quick Ratio (Acid-Test)
2.73
TTM Avg
3.29
3Y Avg
4.75
5Y Avg
4.47
Market Cap
$3.74M
Quick Ratio (Acid-Test)
3.73
TTM Avg
3.25
3Y Avg
4.33
5Y Avg
4.33
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Processa Pharmaceuticals, Inc. (PCSA) | $4.11M | 0.87 | 2.32 | 4.89 | 7.34 |
| GRI Bio, Inc. (GRI)vs › | $4.13M | 10.30 | 3.34 | 1.98 | 1.38 |
| Aptevo Therapeutics Inc. (APVO)vs › | $3.97M | 2.08 | 2.77 | 2.83 | 2.68 |
| CollPlant Biotechnologies Ltd. (CLGN)vs › | $4.27M | 1.35 | 3.30 | 6.18 | 6.77 |
| 20/20 Biolabs Inc. (AIDX)vs › | $4.44M | 1.95 | 2.83 | 3.75 | 3.40 |
| 60 Degrees Pharmaceuticals, Inc. (SXTP)vs › | $3.85M | 1.78 | 2.64 | 1.92 | 1.57 |
| Dermata Therapeutics, Inc. (DRMA)vs › | $4.55M | 2.73 | 3.29 | 4.75 | 4.47 |
| Evogene Ltd. (EVGN)vs › | $3.62M | 3.54 | 2.77 | 4.28 | 5.12 |
| Cadrenal Therapeutics, Inc. Common Stock (CVKD)vs › | $3.74M | 3.73 | 3.25 | 4.33 | 4.33 |
| Ernexa Therapeutics Inc. (ERNA)vs › | $3.61M | 2.01 | 0.91 | 1.26 | 1.78 |
Quick Ratio
0.87
Excludes inventory
Current Ratio
0.87
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 | 0.87 |
| 2026-03-31 | 0.98 |
| 2025-12-31 | 2.54 |
| 2025-09-30 | 3.76 |
| 2025-06-30 | 3.45 |
| 2025-03-31 | 2.93 |
| 2024-12-31 | 1.22 |
| 2024-09-30 | 3.97 |
| 2024-06-30 | 4.82 |
| 2024-03-31 | 9.70 |
| 2023-12-31 | 7.71 |
| 2023-09-30 | 9.57 |
| 2023-06-30 | 12.05 |
| 2023-03-31 | 5.65 |
| 2022-12-31 | 8.40 |
| 2022-09-30 | 9.13 |
| 2022-06-30 | 8.89 |
| 2022-03-31 | 15.49 |
| 2021-12-31 | 18.87 |
| 2021-09-30 | 16.85 |
| 2021-06-30 | 19.43 |
| 2021-03-31 | 22.40 |
| 2020-12-31 | 13.27 |
| 2020-09-30 | 0.14 |
| 2020-06-30 | 0.30 |
| 2020-03-31 | 0.29 |
| 2019-12-31 | 0.85 |
| 2019-09-30 | 2.49 |
| 2019-06-30 | 1.26 |
| 2019-03-31 | 2.13 |
| 2018-12-31 | 3.13 |
| 2018-09-30 | 4.05 |
| 2018-06-30 | 5.53 |
| 2018-03-31 | 0.65 |
| 2017-12-31 | 1.14 |
| 2017-09-30 | 0.70 |
| 2017-06-30 | 0.00 |
| 2017-03-31 | 0.00 |
| 2016-12-31 | 0.00 |
| 2016-09-30 | 0.02 |
| 2016-06-30 | 0.02 |
| 2016-03-31 | 0.02 |
| 2015-12-31 | 0.05 |
| 2015-09-30 | 0.07 |
| 2015-06-30 | 0.07 |
| 2015-03-31 | 0.10 |
| 2014-12-31 | 0.19 |
| 2014-09-30 | 0.25 |
| 2014-06-30 | 0.46 |
| 2014-03-31 | 0.27 |
| 2013-12-31 | 0.26 |
| 2013-09-30 | 0.84 |
| 2013-06-30 | 0.31 |
| 2013-03-31 | 0.45 |
| 2012-12-31 | 1.55 |
| 2012-09-30 | 8.22 |
| 2012-06-30 | 0.00 |
| 2012-03-31 | 0.00 |
| 2011-12-31 | 0.00 |