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 1.42 is in line with its 5-year average of 1.34, near the high end of its 5-year range (1.16–1.52).
As of the fiscal period ended Tuesday, March 31, 2026. 5.07% above its 12-month average of 1.36.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.42
QUICK RATIO (ACID-TEST) AVG TTM
1.36
QUICK RATIO (ACID-TEST) AVG 3Y
1.37
QUICK RATIO (ACID-TEST) AVG 5Y
1.34
QUICK RATIO (ACID-TEST) AVG 10Y
1.27
QUICK RATIO (ACID-TEST) AVG 15Y
1.37
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+5.07%
CURRENT VS 3Y AVG
+3.70%
CURRENT VS 5Y AVG
+6.50%
CURRENT VS 10Y AVG
+12.06%
CURRENT VS 15Y AVG
+4.03%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
1.42
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+0.64%
vs the sector median at left
Tencent Holdings Limited
Market Cap
$500.86B
Quick Ratio (Acid-Test)
1.42
TTM Avg
1.36
3Y Avg
1.37
5Y Avg
1.34
Market Cap
$291.85B
Quick Ratio (Acid-Test)
1.19
TTM Avg
1.21
3Y Avg
1.17
5Y Avg
1.15
Market Cap
$193.66B
Quick Ratio (Acid-Test)
0.87
TTM Avg
0.73
3Y Avg
0.70
5Y Avg
0.81
Market Cap
$193.18B
Quick Ratio (Acid-Test)
0.90
TTM Avg
0.86
3Y Avg
0.81
5Y Avg
0.84
Market Cap
$164.71B
Quick Ratio (Acid-Test)
0.65
TTM Avg
0.66
3Y Avg
0.81
5Y Avg
0.92
Market Cap
$99.24B
Quick Ratio (Acid-Test)
1.72
TTM Avg
1.80
3Y Avg
1.53
5Y Avg
1.39
Market Cap
$79.12B
Quick Ratio (Acid-Test)
0.88
TTM Avg
0.78
3Y Avg
0.73
5Y Avg
0.79
Market Cap
$75.34B
Quick Ratio (Acid-Test)
1.41
TTM Avg
1.53
3Y Avg
1.64
5Y Avg
2.18
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tencent Holdings Limited (TCEHY) | $500.86B | 1.42 | 1.36 | 1.37 | 1.34 |
| Netflix, Inc. (NFLX)vs › | $291.85B | 1.19 | 1.21 | 1.17 | 1.15 |
| Verizon Communications Inc. (VZ)vs › | $193.66B | 0.87 | 0.73 | 0.70 | 0.81 |
| T-Mobile US, Inc. (TMUS)vs › | $193.18B | 0.90 | 0.86 | 0.81 | 0.84 |
| AT&T Inc. (T)vs › | $165.35B | 0.86 | 0.74 | 0.67 | 0.84 |
| The Walt Disney Company (DIS)vs › | $164.71B | 0.65 | 0.66 | 0.81 | 0.92 |
| Spotify Technology S.A. (SPOT)vs › | $99.24B | 1.72 | 1.80 | 1.53 | 1.39 |
| Comcast Corporation (CMCSA)vs › | $79.12B | 0.88 | 0.78 | 0.73 | 0.79 |
| DoorDash, Inc. (DASH)vs › | $75.34B | 1.41 | 1.53 | 1.64 | 2.18 |
| Warner Bros. Discovery, Inc. (WBD)vs › | $64.61B | 1.06 | 0.98 | 0.95 | 1.32 |
Quick Ratio
1.42
Excludes inventory
Current Ratio
1.44
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) |
|---|---|
| 2026-03-31 | 1.42 |
| 2025-12-31 | 1.44 |
| 2025-09-30 | 1.35 |
| 2025-06-30 | 1.25 |
| 2025-03-31 | 1.30 |
| 2024-12-31 | 1.25 |
| 2024-09-30 | 1.26 |
| 2024-06-30 | 1.33 |
| 2024-03-31 | 1.45 |
| 2023-12-31 | 1.47 |
| 2023-09-30 | 1.39 |
| 2023-06-30 | 1.40 |
| 2023-03-31 | 1.52 |
| 2022-12-31 | 1.30 |
| 2022-09-30 | 1.44 |
| 2022-06-30 | 1.37 |
| 2022-03-31 | 1.30 |
| 2021-12-31 | 1.20 |
| 2021-09-30 | 1.27 |
| 2021-06-30 | 1.19 |
| 2021-03-31 | 1.16 |
| 2020-12-31 | 1.18 |
| 2020-09-30 | 1.23 |
| 2020-06-30 | 1.34 |
| 2020-03-31 | 1.11 |
| 2019-12-31 | 1.05 |
| 2019-09-30 | 1.23 |
| 2019-06-30 | 1.20 |
| 2019-03-31 | 1.06 |
| 2018-12-31 | 1.07 |
| 2018-09-30 | 1.04 |
| 2018-06-30 | 1.01 |
| 2018-03-31 | 1.20 |
| 2017-12-31 | 1.17 |
| 2017-09-30 | 1.27 |
| 2017-06-30 | 1.36 |
| 2017-03-31 | 1.40 |
| 2016-12-31 | 1.47 |
| 2016-09-30 | 1.25 |
| 2016-06-30 | 1.19 |
| 2016-03-31 | 1.20 |
| 2015-12-31 | 1.25 |
| 2015-09-30 | 1.40 |
| 2015-06-30 | 1.47 |
| 2015-03-31 | 1.63 |
| 2014-12-31 | 1.50 |
| 2014-09-30 | 1.59 |
| 2014-06-30 | 1.61 |
| 2014-03-31 | 1.50 |
| 2013-12-31 | 1.57 |
| 2013-09-30 | 1.59 |
| 2013-06-30 | 1.62 |
| 2013-03-31 | 1.70 |
| 2012-12-31 | 1.74 |
| 2012-09-30 | 1.68 |
| 2012-06-30 | 1.79 |
| 2012-03-31 | 1.78 |
| 2011-12-31 | 1.68 |
| 2011-09-30 | 0.00 |
| 2011-06-30 | 1.56 |
| 2011-03-31 | 0.00 |
| 2010-06-30 | 2.03 |
| 2009-06-30 | 0.00 |