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 1.31 is 35% below its 5-year average of 2.03, near the low end of its 5-year range (1.30–5.17).
As of the fiscal period ended Sunday, July 26, 2026. 19.02% below its 12-month average of 1.62.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2027 (2026-07-26): 1.31.
QUICK RATIO (ACID-TEST)
1.31
QUICK RATIO (ACID-TEST) AVG TTM
1.62
QUICK RATIO (ACID-TEST) AVG 3Y
1.70
QUICK RATIO (ACID-TEST) AVG 5Y
2.03
QUICK RATIO (ACID-TEST) AVG 10Y
2.79
QUICK RATIO (ACID-TEST) AVG 15Y
2.86
QUICK RATIO (ACID-TEST) AVG 20Y
2.93
CURRENT VS TTM AVG
-19.02%
CURRENT VS 3Y AVG
-23.13%
CURRENT VS 5Y AVG
-35.43%
CURRENT VS 10Y AVG
-53.09%
CURRENT VS 15Y AVG
-54.33%
CURRENT VS 20Y AVG
-55.41%
SECTOR MEDIAN · TECHNOLOGY
1.60
median of 217 covered companies
CURRENT VS SECTOR MEDIAN
-18.26%
vs the sector median at left
Semtech Corporation
Market Cap
$18.15B
Quick Ratio (Acid-Test)
1.31
TTM Avg
1.62
3Y Avg
1.70
5Y Avg
2.03
Market Cap
$18.15B
Quick Ratio (Acid-Test)
1.21
TTM Avg
1.09
3Y Avg
0.95
5Y Avg
0.97
Market Cap
$18.34B
Quick Ratio (Acid-Test)
3.73
TTM Avg
5.12
3Y Avg
5.11
5Y Avg
5.31
Market Cap
$18.36B
Quick Ratio (Acid-Test)
2.33
TTM Avg
2.33
3Y Avg
2.57
5Y Avg
2.40
Market Cap
$17.90B
Quick Ratio (Acid-Test)
0.33
TTM Avg
0.80
3Y Avg
0.65
5Y Avg
0.61
Market Cap
$17.36B
Quick Ratio (Acid-Test)
1.00
TTM Avg
0.74
3Y Avg
0.99
5Y Avg
0.98
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Semtech Corporation (SMTC) | $18.15B | 1.31 | 1.62 | 1.70 | 2.03 |
| Broadridge Financial Solutions, Inc. (BR)vs › | $18.15B | 1.21 | 1.09 | 0.95 | 0.97 |
| BE Semiconductor Industries N.V. (BESIY)vs › | $18.34B | 3.73 | 5.12 | 5.11 | 5.31 |
| Lattice Semiconductor Corporation (LSCC)vs › | $18.36B | 2.33 | 2.33 | 2.57 | 2.40 |
| Zebra Technologies Corporation (ZBRA)vs › | $17.90B | 0.33 | 0.80 | 0.65 | 0.61 |
| MKS Inc. (MKSI)vs › | $18.85B | 0.72 | 1.88 | 1.92 | 2.43 |
| Fortive Corporation (FTV)vs › | $17.36B | 1.00 | 0.74 | 0.99 | 0.98 |
| Dynatrace, Inc. (DT)vs › | $17.29B | 1.21 | 1.38 | 1.28 | 1.21 |
| Toast, Inc. (TOST)vs › | $17.28B | 2.20 | 2.42 | 2.35 | 3.01 |
| Unity Software Inc. (U)vs › | $19.04B | 2.03 | 2.17 | 2.32 | 2.81 |
Quick Ratio
1.31
Excludes inventory
Current Ratio
1.70
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) |
|---|---|
| 2026-07-26 | 1.31 |
| 2026-04-26 | 1.62 |
| 2026-01-25 | 1.66 |
| 2025-10-26 | 1.71 |
| 2025-07-27 | 1.78 |
| 2025-04-27 | 1.81 |
| 2025-01-31 | 1.49 |
| 2024-10-27 | 1.67 |
| 2024-07-28 | 1.72 |
| 2024-04-28 | 1.74 |
| 2024-01-31 | 1.79 |
| 2023-10-29 | 1.72 |
| 2023-07-30 | 1.40 |
| 2023-04-30 | 1.46 |
| 2023-01-31 | 1.30 |
| 2022-10-30 | 5.17 |
| 2022-07-31 | 3.35 |
| 2022-05-01 | 3.52 |
| 2022-01-31 | 3.02 |
| 2021-10-31 | 3.16 |
| 2021-08-01 | 3.28 |
| 2021-05-02 | 3.81 |
| 2021-01-31 | 3.53 |
| 2020-10-25 | 3.49 |
| 2020-07-26 | 3.69 |
| 2020-04-26 | 3.88 |
| 2020-01-31 | 3.93 |
| 2019-10-27 | 3.66 |
| 2019-07-28 | 3.42 |
| 2019-04-28 | 3.71 |
| 2019-01-31 | 3.25 |
| 2018-10-28 | 3.53 |
| 2018-07-29 | 3.62 |
| 2018-04-29 | 3.51 |
| 2018-01-31 | 3.09 |
| 2017-10-29 | 3.20 |
| 2017-07-30 | 2.83 |
| 2017-04-30 | 3.41 |
| 2017-01-31 | 3.03 |
| 2016-10-30 | 3.19 |
| 2016-07-31 | 2.85 |
| 2016-05-01 | 2.83 |
| 2016-01-31 | 2.67 |
| 2015-10-25 | 2.80 |
| 2015-07-26 | 2.37 |
| 2015-04-26 | 2.44 |
| 2015-01-31 | 2.99 |
| 2014-10-26 | 3.02 |
| 2014-07-27 | 3.20 |
| 2014-04-27 | 3.33 |
| 2014-01-31 | 3.01 |
| 2013-10-27 | 3.43 |
| 2013-07-28 | 3.07 |
| 2013-04-28 | 2.45 |
| 2013-01-31 | 2.10 |
| 2012-10-28 | 2.26 |
| 2012-07-29 | 2.80 |
| 2012-04-29 | 2.29 |
| 2012-01-31 | 5.68 |
| 2011-10-30 | 5.36 |
| 2011-07-31 | 5.08 |
| 2011-05-01 | 4.86 |
| 2011-01-31 | 3.26 |
| 2010-10-31 | 2.65 |
| 2010-08-01 | 2.81 |
| 2010-05-02 | 2.97 |
| 2010-01-31 | 2.47 |
| 2009-10-25 | 6.71 |
| 2009-07-26 | 7.51 |
| 2009-04-26 | 8.69 |
| 2009-01-31 | 8.45 |
| 2008-10-26 | 6.66 |
| 2008-07-27 | 6.81 |
| 2008-04-27 | 7.63 |
| 2008-01-31 | 7.18 |
| 2007-10-28 | 8.35 |
| 2007-07-29 | 7.81 |
| 2007-04-29 | 10.81 |
| 2007-01-31 | 10.98 |
| 2006-10-29 | 9.63 |
| 2006-07-30 | 10.17 |
| 2006-04-30 | 10.61 |
| 2006-01-31 | 9.11 |
| 2005-10-30 | 6.79 |
| 2005-07-31 | 5.61 |
| 2005-05-01 | 9.07 |
| 2005-01-31 | 7.78 |
| 2004-10-31 | 6.60 |
| 2004-07-25 | 5.87 |
| 2004-04-25 | 7.37 |
| 2004-01-31 | 7.75 |
| 2003-10-26 | 7.50 |
| 2003-07-27 | 10.34 |
| 2003-04-27 | 14.54 |
| 2003-01-31 | 11.78 |
| 2002-10-27 | 17.10 |