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 1.53 is 53% below its 5-year average of 3.23, near the low end of its 5-year range (0.83–5.65).
As of the fiscal period ended Sunday, May 31, 2026. 10.77% below its 12-month average of 1.72.
Reported quarterly quick ratio; no daily interpolation. Q3 FY2026 (2026-05-31): 1.53.
QUICK RATIO (ACID-TEST)
1.53
QUICK RATIO (ACID-TEST) AVG TTM
1.72
QUICK RATIO (ACID-TEST) AVG 3Y
2.83
QUICK RATIO (ACID-TEST) AVG 5Y
3.23
QUICK RATIO (ACID-TEST) AVG 10Y
4.02
QUICK RATIO (ACID-TEST) AVG 15Y
3.43
QUICK RATIO (ACID-TEST) AVG 20Y
11.39
CURRENT VS TTM AVG
-10.77%
CURRENT VS 3Y AVG
-45.78%
CURRENT VS 5Y AVG
-52.52%
CURRENT VS 10Y AVG
-61.85%
CURRENT VS 15Y AVG
-55.25%
CURRENT VS 20Y AVG
-86.55%
SECTOR MEDIAN · UTILITIES
0.71
median of 68 covered companies
CURRENT VS SECTOR MEDIAN
+115.90%
vs the sector median at left
Pure Cycle Corporation
Market Cap
$264.35M
Quick Ratio (Acid-Test)
1.53
TTM Avg
1.72
3Y Avg
2.83
5Y Avg
3.23
Market Cap
$233.42M
Quick Ratio (Acid-Test)
0.68
TTM Avg
0.81
3Y Avg
0.83
5Y Avg
1.05
Market Cap
$226.88M
Quick Ratio (Acid-Test)
0.94
TTM Avg
0.55
3Y Avg
0.58
5Y Avg
0.57
Market Cap
$332.17M
Quick Ratio (Acid-Test)
44.53
TTM Avg
26.80
3Y Avg
18.80
5Y Avg
18.80
Market Cap
$347.73M
Quick Ratio (Acid-Test)
1.01
TTM Avg
0.66
3Y Avg
0.73
5Y Avg
0.61
Market Cap
$354.26M
Quick Ratio (Acid-Test)
11.25
TTM Avg
4.74
3Y Avg
2.65
5Y Avg
3.12
Market Cap
$402.39M
Quick Ratio (Acid-Test)
14.85
TTM Avg
18.05
3Y Avg
12.43
5Y Avg
12.43
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pure Cycle Corporation (PCYO) | $264.35M | 1.53 | 1.72 | 2.83 | 3.23 |
| Cadiz Inc. (CDZIP)vs › | $256.04M | 0.96 | 1.35 | 1.47 | 2.20 |
| Cadiz Inc. (CDZI)vs › | $282.95M | 0.96 | 1.35 | 1.47 | 2.20 |
| Global Water Resources, Inc. (GWRS)vs › | $233.42M | 0.68 | 0.81 | 0.83 | 1.05 |
| RGC Resources, Inc. (RGCO)vs › | $226.88M | 0.94 | 0.55 | 0.58 | 0.57 |
| Terrestrial Energy Inc. (IMSR)vs › | $332.17M | 44.53 | 26.80 | 18.80 | 18.80 |
| Artesian Resources Corporation (ARTNA)vs › | $347.73M | 1.01 | 0.66 | 0.73 | 0.61 |
| Digi Power X Inc. (DGXX)vs › | $354.26M | 11.25 | 4.74 | 2.65 | 3.12 |
| Terra Innovatum Global N.V. Ordinary shares (NKLR)vs › | $402.39M | 14.85 | 18.05 | 12.43 | 12.43 |
| VivoPower PLC (VIVO)vs › | $55.16M | N/A | N/A | N/A | N/A |
Quick Ratio
1.53
Excludes inventory
Current Ratio
1.53
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) |
|---|---|
| 2026-05-31 | 1.53 |
| 2026-02-28 | 0.83 |
| 2025-11-30 | 1.75 |
| 2025-08-31 | 2.09 |
| 2025-05-31 | 2.40 |
| 2025-02-28 | 3.12 |
| 2024-11-30 | 3.09 |
| 2024-08-31 | 3.66 |
| 2024-05-31 | 2.59 |
| 2024-02-29 | 3.56 |
| 2023-11-30 | 3.07 |
| 2023-08-31 | 4.31 |
| 2023-05-31 | 4.76 |
| 2023-02-28 | 4.14 |
| 2022-11-30 | 3.51 |
| 2022-08-31 | 3.49 |
| 2022-05-31 | 4.37 |
| 2022-02-28 | 5.65 |
| 2021-11-30 | 3.37 |
| 2021-08-31 | 3.06 |
| 2021-05-31 | 3.47 |
| 2021-02-28 | 3.46 |
| 2020-11-30 | 5.51 |
| 2020-08-31 | 4.10 |
| 2020-05-31 | 3.05 |
| 2020-02-29 | 2.39 |
| 2019-11-30 | 3.20 |
| 2019-08-31 | 1.44 |
| 2019-05-31 | 2.64 |
| 2019-02-28 | 3.41 |
| 2018-11-30 | 33.96 |
| 2018-08-31 | 11.06 |
| 2018-05-31 | 31.99 |
| 2018-02-28 | 37.49 |
| 2017-11-30 | 43.62 |
| 2017-08-31 | 28.85 |
| 2017-05-31 | 46.62 |
| 2017-02-28 | 20.48 |
| 2016-11-30 | 61.02 |
| 2016-08-31 | 59.74 |
| 2016-05-31 | 109.72 |
| 2016-02-29 | 61.10 |
| 2015-11-30 | 57.09 |
| 2015-08-31 | 26.40 |
| 2015-05-31 | 0.82 |
| 2015-02-28 | 0.91 |
| 2014-11-30 | 1.41 |
| 2014-08-31 | 1.36 |
| 2014-05-31 | 4.16 |
| 2014-02-28 | 2.71 |
| 2013-11-30 | 1.65 |
| 2013-08-31 | 1.83 |
| 2013-05-31 | 1.81 |
| 2013-02-28 | 1.85 |
| 2012-11-30 | 1.99 |
| 2012-08-31 | 1.22 |
| 2012-05-31 | 4.90 |
| 2012-02-29 | 6.50 |
| 2011-11-30 | 6.86 |
| 2011-08-31 | 7.70 |
| 2011-05-31 | 8.64 |
| 2011-02-28 | 16.09 |
| 2010-11-30 | 19.26 |
| 2010-08-31 | 10.62 |
| 2010-05-31 | 17.30 |
| 2010-02-28 | 17.66 |
| 2009-11-30 | 30.56 |
| 2009-08-31 | 28.90 |
| 2009-05-31 | 21.60 |
| 2009-02-28 | 22.94 |
| 2008-11-30 | 30.36 |
| 2008-08-31 | 33.58 |
| 2008-05-31 | 27.40 |
| 2008-02-29 | 43.48 |
| 2007-11-30 | 32.03 |
| 2007-08-31 | 39.76 |
| 2007-05-31 | 8.69 |
| 2007-02-28 | 8.16 |
| 2006-11-30 | 9.83 |
| 2006-08-31 | 8.21 |
| 2006-05-31 | 5.63 |
| 2006-02-28 | 4.13 |
| 2005-11-30 | 10.53 |
| 2005-08-31 | 8.27 |
| 2005-05-31 | 78.54 |
| 2005-02-28 | 69.31 |
| 2004-11-30 | 43.51 |
| 2004-08-31 | 31.21 |
| 2004-05-31 | 1.60 |
| 2004-02-29 | 8.34 |
| 2003-11-30 | 25.12 |
| 2003-08-31 | 11.46 |
| 2003-05-31 | 6.54 |
| 2003-02-28 | 10.83 |
| 2002-11-30 | 8.64 |
| 2002-08-31 | 15.48 |
