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 1.57 is 23% below its 5-year average of 2.03, near the low end of its 5-year range (1.22–3.23).
As of the fiscal period ended Wednesday, January 31, 2024. 8.05% above its 12-month average of 1.45.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.57
QUICK RATIO (ACID-TEST) AVG TTM
1.45
QUICK RATIO (ACID-TEST) AVG 3Y
1.66
QUICK RATIO (ACID-TEST) AVG 5Y
2.03
QUICK RATIO (ACID-TEST) AVG 10Y
2.28
QUICK RATIO (ACID-TEST) AVG 15Y
N/A
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+8.05%
CURRENT VS 3Y AVG
-5.57%
CURRENT VS 5Y AVG
-23.02%
CURRENT VS 10Y AVG
-31.28%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
1.58
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
-0.85%
vs the sector median at left
Market Cap
$26.53B
Quick Ratio (Acid-Test)
1.22
TTM Avg
1.20
3Y Avg
1.23
5Y Avg
1.09
Market Cap
$26.22B
Quick Ratio (Acid-Test)
0.49
TTM Avg
0.46
3Y Avg
0.67
5Y Avg
0.85
Market Cap
$25.49B
Quick Ratio (Acid-Test)
0.96
TTM Avg
0.99
3Y Avg
1.15
5Y Avg
1.25
Market Cap
$27.43B
Quick Ratio (Acid-Test)
1.95
TTM Avg
1.76
3Y Avg
1.60
5Y Avg
1.47
Market Cap
$27.46B
Quick Ratio (Acid-Test)
1.46
TTM Avg
1.26
3Y Avg
1.25
5Y Avg
1.25
Market Cap
$25.36B
Quick Ratio (Acid-Test)
1.20
TTM Avg
0.97
3Y Avg
0.85
5Y Avg
0.74
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Splunk Inc. (SPLK) | $26.44B | 1.57 | 1.45 | 1.66 | 2.03 |
| Atlassian Corporation (TEAM)vs › | $26.53B | 1.22 | 1.20 | 1.23 | 1.09 |
| VeriSign, Inc. (VRSN)vs › | $26.22B | 0.49 | 0.46 | 0.67 | 0.85 |
| MongoDB, Inc. (MDB)vs › | $27.14B | 4.65 | 4.93 | 4.51 | 4.21 |
| Roblox Corporation (RBLX)vs › | $25.49B | 0.96 | 0.99 | 1.15 | 1.25 |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $27.43B | 1.95 | 1.76 | 1.60 | 1.47 |
| Qnity Electronics, Inc. (Q)vs › | $27.46B | 1.46 | 1.26 | 1.25 | 1.25 |
| Verisk Analytics, Inc. (VRSK)vs › | $25.36B | 1.20 | 0.97 | 0.85 | 0.74 |
| Corpay, Inc. (CPAY)vs › | $24.98B | 0.98 | 0.99 | 1.01 | 1.01 |
| HP Inc. (HPQ)vs › | $24.94B | 0.48 | 0.46 | 0.46 | 0.48 |
Quick Ratio
1.57
Excludes inventory
Current Ratio
1.57
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) |
|---|---|
| 2024-01-31 | 1.57 |
| 2023-10-31 | 1.69 |
| 2023-07-31 | 1.38 |
| 2023-04-30 | 1.33 |
| 2023-01-31 | 1.28 |
| 2022-10-31 | 1.22 |
| 2022-07-31 | 1.63 |
| 2022-04-30 | 1.45 |
| 2022-01-31 | 1.56 |
| 2021-10-31 | 1.78 |
| 2021-07-31 | 2.37 |
| 2021-04-30 | 2.16 |
| 2021-01-31 | 2.15 |
| 2020-10-31 | 2.43 |
| 2020-07-31 | 2.50 |
| 2020-04-30 | 2.27 |
| 2020-01-31 | 2.15 |
| 2019-10-31 | 2.33 |
| 2019-07-31 | 3.06 |
| 2019-04-30 | 3.20 |
| 2019-01-31 | 3.23 |
| 2018-10-31 | 3.84 |
| 2018-07-31 | 1.70 |
| 2018-04-30 | 1.98 |
| 2018-01-31 | 2.30 |
| 2017-10-31 | 1.90 |
| 2017-07-31 | 2.00 |
| 2017-04-30 | 2.04 |
| 2017-01-31 | 2.04 |
| 2016-10-31 | 2.22 |
| 2016-07-31 | 2.36 |
| 2016-04-30 | 2.48 |
| 2016-01-31 | 2.45 |
| 2015-10-31 | 2.72 |
| 2015-07-31 | 2.73 |
| 2015-04-30 | 2.95 |
| 2015-01-31 | 2.88 |
| 2014-10-31 | 3.50 |
| 2014-07-31 | 4.07 |
| 2014-04-30 | 4.39 |
| 2014-01-31 | 4.78 |
| 2013-10-31 | 2.71 |
| 2013-07-31 | 3.00 |
| 2013-04-30 | 3.19 |
| 2013-01-31 | 3.22 |
| 2012-10-31 | 3.41 |
| 2012-07-31 | 3.84 |
| 2012-04-30 | 4.35 |
| 2012-01-31 | 1.02 |
| 2011-10-31 | 0.99 |
| 2011-07-31 | 0.00 |
| 2011-04-30 | 0.00 |
| 2011-01-31 | 1.13 |
