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 4.61 is 106% above its 5-year average of 2.24, near the high end of its 5-year range (0.26–6.16).
As of the fiscal period ended Tuesday, June 30, 2026. 67.06% above its 12-month average of 2.76.
Reported quarterly quick ratio; no daily interpolation. Q4 FY2026 (2026-06-30): 4.61.
QUICK RATIO (ACID-TEST)
4.61
QUICK RATIO (ACID-TEST) AVG TTM
2.76
QUICK RATIO (ACID-TEST) AVG 3Y
0.73
QUICK RATIO (ACID-TEST) AVG 5Y
2.24
QUICK RATIO (ACID-TEST) AVG 10Y
2.76
QUICK RATIO (ACID-TEST) AVG 15Y
3.74
QUICK RATIO (ACID-TEST) AVG 20Y
3.64
CURRENT VS TTM AVG
+67.06%
CURRENT VS 3Y AVG
+530.41%
CURRENT VS 5Y AVG
+105.59%
CURRENT VS 10Y AVG
+67.07%
CURRENT VS 15Y AVG
+23.16%
CURRENT VS 20Y AVG
+26.72%
SECTOR MEDIAN · HEALTHCARE
3.20
median of 755 covered companies
CURRENT VS SECTOR MEDIAN
+43.99%
vs the sector median at left
Palatin Technologies, Inc.
Market Cap
$16.76M
Quick Ratio (Acid-Test)
4.61
TTM Avg
2.76
3Y Avg
0.73
5Y Avg
2.24
Market Cap
$16.75M
Quick Ratio (Acid-Test)
1.96
TTM Avg
1.25
3Y Avg
1.80
5Y Avg
4.00
Market Cap
$17.01M
Quick Ratio (Acid-Test)
6.03
TTM Avg
7.38
3Y Avg
5.70
5Y Avg
5.02
Market Cap
$16.48M
Quick Ratio (Acid-Test)
1.65
TTM Avg
3.34
3Y Avg
3.94
5Y Avg
7.05
Market Cap
$17.19M
Quick Ratio (Acid-Test)
11.48
TTM Avg
10.71
3Y Avg
12.62
5Y Avg
10.43
Market Cap
$16.00M
Quick Ratio (Acid-Test)
2.09
TTM Avg
1.13
3Y Avg
1.21
5Y Avg
2.30
Market Cap
$17.81M
Quick Ratio (Acid-Test)
0.92
TTM Avg
0.83
3Y Avg
1.35
5Y Avg
1.29
Market Cap
$15.60M
Quick Ratio (Acid-Test)
1.11
TTM Avg
2.09
3Y Avg
1.19
5Y Avg
1.02
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Palatin Technologies, Inc. (PTN) | $16.76M | 4.61 | 2.76 | 0.73 | 2.24 |
| Bionano Genomics, Inc. (BNGO)vs › | $16.75M | 1.96 | 1.25 | 1.80 | 4.00 |
| PAVmed Inc. (PAVM)vs › | $17.17M | 1.19 | 0.11 | 0.43 | 2.24 |
| Marker Therapeutics, Inc. (MRKR)vs › | $17.01M | 6.03 | 7.38 | 5.70 | 5.02 |
| Dyadic International, Inc. (DYAI)vs › | $16.48M | 1.65 | 3.34 | 3.94 | 7.05 |
| Lipocine Inc. (LPCN)vs › | $17.19M | 11.48 | 10.71 | 12.62 | 10.43 |
| BioCardia, Inc. (BCDA)vs › | $16.00M | 2.09 | 1.13 | 1.21 | 2.30 |
| Cosmos Health Inc. (COSM)vs › | $17.81M | 0.92 | 0.83 | 1.35 | 1.29 |
| Allarity Therapeutics, Inc. (ALLR)vs › | $15.60M | 1.11 | 2.09 | 1.19 | 1.02 |
| Cocrystal Pharma, Inc. (COCP)vs › | $15.42M | 1.24 | 4.22 | 12.60 | 18.98 |
Quick Ratio
4.61
Excludes inventory
Current Ratio
4.61
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 | 4.61 |
| 2026-03-31 | 5.04 |
| 2025-12-31 | 2.76 |
| 2025-09-30 | 1.02 |
| 2025-06-30 | 0.36 |
| 2025-03-31 | 0.32 |
| 2024-12-31 | 0.38 |
| 2024-09-30 | 0.26 |
| 2024-06-30 | 1.01 |
| 2024-03-31 | 1.20 |
| 2023-12-31 | 1.09 |
| 2023-09-30 | 0.60 |
| 2023-06-30 | 1.04 |
| 2023-03-31 | 1.99 |
| 2022-12-31 | 2.61 |
| 2022-09-30 | 1.60 |
| 2022-06-30 | 2.07 |
| 2022-03-31 | 3.44 |
| 2021-12-31 | 3.63 |
| 2021-09-30 | 5.85 |
| 2021-06-30 | 6.16 |
| 2021-03-31 | 7.30 |
| 2020-12-31 | 10.96 |
| 2020-09-30 | 7.43 |
| 2020-06-30 | 21.28 |
| 2020-03-31 | 26.68 |
| 2019-12-31 | 67.08 |
| 2019-09-30 | 52.57 |
| 2019-06-30 | 24.91 |
| 2019-03-31 | 4.11 |
| 2018-12-31 | 5.56 |
| 2018-09-30 | 3.91 |
| 2018-06-30 | 3.58 |
| 2018-03-31 | 2.49 |
| 2017-12-31 | 1.53 |
| 2017-09-30 | 1.26 |
| 2017-06-30 | 1.01 |
| 2017-03-31 | 0.85 |
| 2016-12-31 | 0.73 |
| 2016-09-30 | 0.73 |
| 2016-06-30 | 0.77 |
| 2016-03-31 | 1.88 |
| 2015-12-31 | 3.52 |
| 2015-09-30 | 4.65 |
| 2015-06-30 | 3.97 |
| 2015-03-31 | 7.46 |
| 2014-12-31 | 9.22 |
| 2014-09-30 | 2.39 |
| 2014-06-30 | 4.45 |
| 2014-03-31 | 5.07 |
| 2013-12-31 | 5.32 |
| 2013-09-30 | 5.38 |
| 2013-06-30 | 12.01 |
| 2013-03-31 | 10.96 |
| 2012-12-31 | 16.21 |
| 2012-09-30 | 21.08 |
| 2012-06-30 | 1.37 |
| 2012-03-31 | 2.75 |
| 2011-12-31 | 6.24 |
| 2011-09-30 | 9.23 |
| 2011-06-30 | 6.86 |
| 2011-03-31 | 12.18 |
| 2010-12-31 | 1.92 |
| 2010-09-30 | 2.01 |
| 2010-06-30 | 3.87 |
| 2010-03-31 | 5.11 |
| 2009-12-31 | 6.61 |
| 2009-09-30 | 1.44 |
| 2009-06-30 | 1.02 |
| 2009-03-31 | 1.56 |
| 2008-12-31 | 1.56 |
| 2008-09-30 | 1.93 |
| 2008-06-30 | 2.65 |
| 2008-03-31 | 3.41 |
| 2007-12-31 | 4.16 |
| 2007-09-30 | 4.42 |
| 2007-06-30 | 3.70 |
| 2007-03-31 | 3.58 |
| 2006-12-31 | 1.38 |
| 2006-09-30 | 1.96 |
| 2006-06-30 | 2.59 |
| 2006-03-31 | 1.13 |
| 2005-12-31 | 1.79 |
| 2005-09-30 | 2.24 |
| 2005-06-30 | 1.95 |
| 2005-03-31 | 2.61 |
| 2004-12-31 | 3.17 |
| 2004-09-30 | 3.74 |
| 2004-06-30 | 4.20 |
| 2004-03-31 | 5.73 |
| 2003-12-31 | 4.27 |
| 2003-09-30 | 2.52 |
| 2003-06-30 | 4.72 |
| 2003-03-31 | 5.22 |
| 2002-12-31 | 3.72 |
| 2002-09-30 | 1.32 |
