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 2.86 is 20% above its 5-year average of 2.38, around the middle of its 5-year range (1.56–3.53).
As of the fiscal period ended Tuesday, March 31, 2026. 10.90% below its 12-month average of 3.21.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
2.86
QUICK RATIO (ACID-TEST) AVG TTM
3.21
QUICK RATIO (ACID-TEST) AVG 3Y
2.51
QUICK RATIO (ACID-TEST) AVG 5Y
2.38
QUICK RATIO (ACID-TEST) AVG 10Y
2.48
QUICK RATIO (ACID-TEST) AVG 15Y
2.74
QUICK RATIO (ACID-TEST) AVG 20Y
2.49
CURRENT VS TTM AVG
-10.90%
CURRENT VS 3Y AVG
+14.06%
CURRENT VS 5Y AVG
+20.27%
CURRENT VS 10Y AVG
+15.25%
CURRENT VS 15Y AVG
+4.25%
CURRENT VS 20Y AVG
+14.72%
SECTOR MEDIAN · TECHNOLOGY
1.59
median of 107 covered companies
CURRENT VS SECTOR MEDIAN
+79.90%
vs the sector median at left
Veeco Instruments Inc.
Market Cap
$3.08B
Quick Ratio (Acid-Test)
2.86
TTM Avg
3.21
3Y Avg
2.51
5Y Avg
2.38
Market Cap
$2.85B
Quick Ratio (Acid-Test)
1.21
TTM Avg
1.44
3Y Avg
1.46
5Y Avg
1.52
Market Cap
$2.55B
Quick Ratio (Acid-Test)
9.43
TTM Avg
5.69
3Y Avg
3.57
5Y Avg
2.72
Market Cap
$3.67B
Quick Ratio (Acid-Test)
1.95
TTM Avg
2.18
3Y Avg
2.64
5Y Avg
3.23
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Veeco Instruments Inc. (VECO) | $3.08B | 2.86 | 3.21 | 2.51 | 2.38 |
| Ichor Holdings, Ltd. (ICHR)vs › | $2.85B | 1.21 | 1.44 | 1.46 | 1.52 |
| AXT, Inc. (AXTI)vs › | $3.60B | 4.00 | 1.41 | 1.27 | 1.66 |
| Keel Infrastructure Corp. (KEEL)vs › | $2.55B | 9.43 | 5.69 | 3.57 | 2.72 |
| Ambarella, Inc. (AMBA)vs › | $3.67B | 1.95 | 2.18 | 2.64 | 3.23 |
| Asana, Inc. (ASAN)vs › | $2.04B | 1.18 | 1.31 | 1.60 | 1.79 |
| Box, Inc. (BOX)vs › | $4.39B | N/A | 1.12 | 1.15 | 1.22 |
| Itron, Inc. (ITRI)vs › | $4.45B | 2.29 | 2.24 | 1.78 | 1.61 |
| monday.com Ltd. (MNDY)vs › | $4.52B | N/A | 2.58 | 2.77 | 2.69 |
| Bill.com Holdings, Inc. (BILL)vs › | $4.67B | N/A | 1.56 | 1.23 | 1.32 |
Quick Ratio
2.86
Excludes inventory
Current Ratio
4.23
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 | 2.86 |
| 2025-12-31 | 3.20 |
| 2025-09-30 | 3.53 |
| 2025-06-30 | 3.43 |
| 2025-03-31 | 3.02 |
| 2024-12-31 | 2.69 |
| 2024-09-30 | 2.41 |
| 2024-06-30 | 2.32 |
| 2024-03-31 | 2.02 |
| 2023-12-31 | 2.15 |
| 2023-09-30 | 1.75 |
| 2023-06-30 | 1.65 |
| 2023-03-31 | 1.56 |
| 2022-12-31 | 1.79 |
| 2022-09-30 | 1.78 |
| 2022-06-30 | 1.96 |
| 2022-03-31 | 1.77 |
| 2021-12-31 | 2.00 |
| 2021-09-30 | 2.58 |
| 2021-06-30 | 2.65 |
| 2021-03-31 | 2.82 |
| 2020-12-31 | 3.01 |
| 2020-09-30 | 2.92 |
| 2020-06-30 | 3.15 |
| 2020-03-31 | 2.89 |
| 2019-12-31 | 2.90 |
| 2019-09-30 | 2.47 |
| 2019-06-30 | 2.36 |
| 2019-03-31 | 2.34 |
| 2018-12-31 | 2.27 |
| 2018-09-30 | 2.28 |
| 2018-06-30 | 2.20 |
| 2018-03-31 | 2.17 |
| 2017-12-31 | 2.13 |
| 2017-09-30 | 2.11 |
| 2017-06-30 | 2.55 |
| 2017-03-31 | 5.71 |
| 2016-12-31 | 2.96 |
| 2016-09-30 | 2.85 |
| 2016-06-30 | 2.97 |
| 2016-03-31 | 2.80 |
| 2015-12-31 | 2.86 |
| 2015-09-30 | 3.01 |
| 2015-06-30 | 2.44 |
| 2015-03-31 | 2.64 |
| 2014-12-31 | 2.93 |
| 2014-09-30 | 4.38 |
| 2014-06-30 | 4.57 |
| 2014-03-31 | 5.05 |
| 2013-12-31 | 4.32 |
| 2013-09-30 | 6.72 |
| 2013-06-30 | 5.49 |
| 2013-03-31 | 5.68 |
| 2012-12-31 | 6.10 |
| 2012-09-30 | 5.18 |
| 2012-06-30 | 4.64 |
| 2012-03-31 | 4.18 |
| 2011-12-31 | 3.83 |
| 2011-09-30 | 3.24 |
| 2011-06-30 | 3.12 |
| 2011-03-31 | 2.71 |
| 2010-12-31 | 2.39 |
| 2010-09-30 | 2.50 |
| 2010-06-30 | 2.49 |
| 2010-03-31 | 2.81 |
| 2009-12-31 | 2.72 |
| 2009-09-30 | 1.76 |
| 2009-06-30 | 1.88 |
| 2009-03-31 | 1.81 |
| 2008-12-31 | 1.75 |
| 2008-09-30 | 1.58 |
| 2008-06-30 | 1.48 |
| 2008-03-31 | 1.60 |
| 2007-12-31 | 1.59 |
| 2007-09-30 | 2.02 |
| 2007-06-30 | 2.04 |
| 2007-03-31 | 1.99 |
| 2006-12-31 | 2.51 |
| 2006-09-30 | 2.52 |
| 2006-06-30 | 2.49 |
| 2006-03-31 | 2.52 |
| 2005-12-31 | 2.65 |
| 2005-09-30 | 2.42 |
| 2005-06-30 | 2.53 |
| 2005-03-31 | 2.51 |
| 2004-12-31 | 2.15 |
| 2004-09-30 | 2.63 |
| 2004-06-30 | 2.97 |
| 2004-03-31 | 3.53 |
| 2003-12-31 | 3.79 |
| 2003-09-30 | 5.38 |
| 2003-06-30 | 5.21 |
| 2003-03-31 | 4.73 |
| 2002-12-31 | 4.89 |
| 2002-09-30 | 4.24 |
| 2002-06-30 | 4.34 |
