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 1.09 is in line with its 5-year average of 1.08, near the low end of its 5-year range (1.02–1.32).
As of the fiscal period ended Tuesday, June 30, 2026. 0.42% above its 12-month average of 1.08.
Reported quarterly quick ratio; no daily interpolation. Q4 FY2026 (2026-06-30): 1.09.
QUICK RATIO (ACID-TEST)
1.09
QUICK RATIO (ACID-TEST) AVG TTM
1.08
QUICK RATIO (ACID-TEST) AVG 3Y
1.11
QUICK RATIO (ACID-TEST) AVG 5Y
1.08
QUICK RATIO (ACID-TEST) AVG 10Y
1.08
QUICK RATIO (ACID-TEST) AVG 15Y
1.08
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+0.42%
CURRENT VS 3Y AVG
-1.64%
CURRENT VS 5Y AVG
+0.79%
CURRENT VS 10Y AVG
+0.86%
CURRENT VS 15Y AVG
+0.46%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
1.59
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-31.54%
vs the sector median at left
Paylocity Holding Corporation
Market Cap
$7.63B
Quick Ratio (Acid-Test)
1.09
TTM Avg
1.08
3Y Avg
1.11
5Y Avg
1.08
Market Cap
$7.89B
Quick Ratio (Acid-Test)
2.38
TTM Avg
2.34
3Y Avg
2.07
5Y Avg
1.92
Market Cap
$7.96B
Quick Ratio (Acid-Test)
2.13
TTM Avg
1.58
3Y Avg
1.27
5Y Avg
1.16
Market Cap
$7.02B
Quick Ratio (Acid-Test)
4.01
TTM Avg
2.39
3Y Avg
1.48
5Y Avg
2.00
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paylocity Holding Corporation (PCTY) | $7.63B | 1.09 | 1.08 | 1.11 | 1.08 |
| Zeta Global Holdings Corp. (ZETA)vs › | $7.89B | 2.38 | 2.34 | 2.07 | 1.92 |
| Applied Optoelectronics, Inc. (AAOI)vs › | $7.96B | 2.13 | 1.58 | 1.27 | 1.16 |
| GitLab Inc. (GTLB)vs › | $7.98B | 2.41 | 2.50 | 2.60 | 2.89 |
| SentinelOne, Inc. (S)vs › | $8.00B | 1.45 | 1.56 | 1.80 | 2.84 |
| Camtek Ltd. (CAMT)vs › | $7.24B | 6.58 | 5.71 | 5.43 | 5.12 |
| AppFolio Inc. (APPF)vs › | $7.16B | 3.83 | 4.25 | 3.92 | 3.78 |
| Applied Digital Corp. (APLD)vs › | $7.02B | 4.01 | 2.39 | 1.48 | 2.00 |
| Plexus Corp. (PLXS)vs › | $6.98B | 0.72 | 0.74 | 0.67 | 0.76 |
| InterDigital, Inc. (IDCC)vs › | $8.41B | 1.74 | 1.77 | 2.46 | 2.69 |
Quick Ratio
1.09
Excludes inventory
Current Ratio
1.09
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 | 1.09 |
| 2026-03-31 | 1.08 |
| 2025-12-31 | 1.04 |
| 2025-09-30 | 1.07 |
| 2025-06-30 | 1.14 |
| 2025-03-31 | 1.13 |
| 2024-12-31 | 1.14 |
| 2024-09-30 | 1.32 |
| 2024-06-30 | 1.13 |
| 2024-03-31 | 1.13 |
| 2023-12-31 | 1.11 |
| 2023-09-30 | 1.12 |
| 2023-06-30 | 1.10 |
| 2023-03-31 | 1.06 |
| 2022-12-31 | 1.04 |
| 2022-09-30 | 1.03 |
| 2022-06-30 | 1.03 |
| 2022-03-31 | 1.02 |
| 2021-12-31 | 1.04 |
| 2021-09-30 | 1.02 |
| 2021-06-30 | 1.09 |
| 2021-03-31 | 1.07 |
| 2020-12-31 | 1.10 |
| 2020-09-30 | 1.16 |
| 2020-06-30 | 1.18 |
| 2020-03-31 | 1.09 |
| 2019-12-31 | 1.06 |
| 2019-09-30 | 1.09 |
| 2019-06-30 | 1.10 |
| 2019-03-31 | 1.07 |
| 2018-12-31 | 1.07 |
| 2018-09-30 | 1.07 |
| 2018-06-30 | 1.08 |
| 2018-03-31 | 1.08 |
| 2017-12-31 | 1.07 |
| 2017-09-30 | 1.09 |
| 2017-06-30 | 1.09 |
| 2017-03-31 | 1.07 |
| 2016-12-31 | 1.06 |
| 2016-09-30 | 1.08 |
| 2016-06-30 | 1.05 |
| 2016-03-31 | 1.05 |
| 2015-12-31 | 1.07 |
| 2015-09-30 | 1.12 |
| 2015-06-30 | 1.11 |
| 2015-03-31 | 1.11 |
| 2014-12-31 | 1.09 |
| 2014-09-30 | 1.14 |
| 2014-06-30 | 1.16 |
| 2014-03-31 | 1.14 |
| 2013-12-31 | 0.99 |
| 2013-09-30 | 1.00 |
| 2013-06-30 | 1.01 |
| 2013-03-31 | 0.00 |
| 2012-12-31 | 0.00 |
| 2012-09-30 | 0.00 |