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 3.07 is 67% below its 5-year average of 9.30, near the low end of its 5-year range (2.86–30.76).
As of the fiscal period ended Tuesday, June 30, 2026. 33.86% below its 12-month average of 4.64.
Reported quarterly quick ratio; no daily interpolation. Q1 FY2027 (2026-06-30): 3.07.
QUICK RATIO (ACID-TEST)
3.07
QUICK RATIO (ACID-TEST) AVG TTM
4.64
QUICK RATIO (ACID-TEST) AVG 3Y
9.16
QUICK RATIO (ACID-TEST) AVG 5Y
9.30
QUICK RATIO (ACID-TEST) AVG 10Y
7.09
QUICK RATIO (ACID-TEST) AVG 15Y
3.61
QUICK RATIO (ACID-TEST) AVG 20Y
3.04
CURRENT VS TTM AVG
-33.86%
CURRENT VS 3Y AVG
-66.54%
CURRENT VS 5Y AVG
-67.04%
CURRENT VS 10Y AVG
-56.78%
CURRENT VS 15Y AVG
-15.04%
CURRENT VS 20Y AVG
+0.93%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 871 covered companies
CURRENT VS SECTOR MEDIAN
-8.49%
vs the sector median at left
VistaGen Therapeutics, Inc.
Market Cap
$11.36M
Quick Ratio (Acid-Test)
3.07
TTM Avg
4.64
3Y Avg
9.16
5Y Avg
9.30
Market Cap
$11.25M
Quick Ratio (Acid-Test)
3.69
TTM Avg
5.96
3Y Avg
7.84
5Y Avg
10.45
Market Cap
$11.12M
Quick Ratio (Acid-Test)
1.37
TTM Avg
0.79
3Y Avg
1.08
5Y Avg
1.46
Market Cap
$11.13M
Quick Ratio (Acid-Test)
5.63
TTM Avg
4.29
3Y Avg
4.04
5Y Avg
3.65
Market Cap
$11.08M
Quick Ratio (Acid-Test)
8.97
TTM Avg
5.46
3Y Avg
4.04
5Y Avg
3.77
Market Cap
$11.50M
Quick Ratio (Acid-Test)
15.87
TTM Avg
27.51
3Y Avg
16.79
5Y Avg
13.69
Market Cap
$10.82M
Quick Ratio (Acid-Test)
4.93
TTM Avg
13.09
3Y Avg
13.09
5Y Avg
13.09
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| VistaGen Therapeutics, Inc. (VTGN) | $11.36M | 3.07 | 4.64 | 9.16 | 9.30 |
| Lisata Therapeutics, Inc. (LSTA)vs › | $11.25M | 3.69 | 5.96 | 7.84 | 10.45 |
| Cerenome, Inc. (CNSY)vs › | $11.12M | 1.37 | 0.79 | 1.08 | 1.46 |
| Adial Pharmaceuticals, Inc. (ADIL)vs › | $11.13M | 5.63 | 4.29 | 4.04 | 3.65 |
| Kiora Pharmaceuticals, Inc. (KPRX)vs › | $11.08M | 8.97 | 5.46 | 4.04 | 3.77 |
| BioVie Inc. (BIVI)vs › | $11.09M | 3.59 | 6.34 | 4.40 | 4.46 |
| Phio Pharmaceuticals Corp. (PHIO)vs › | $11.50M | 15.87 | 27.51 | 16.79 | 13.69 |
| Caring Brands, Inc. (CABR)vs › | $10.82M | 4.93 | 13.09 | 13.09 | 13.09 |
| Pluri Inc. (PLUR)vs › | $10.69M | 0.27 | 0.48 | 3.83 | 4.93 |
| Senti Biosciences, Inc. (SNTI)vs › | $10.30M | 0.83 | 3.08 | 4.37 | 4.67 |
Quick Ratio
3.07
Excludes inventory
Current Ratio
3.07
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 | 3.07 |
| 2026-03-31 | 3.67 |
| 2025-12-31 | 4.67 |
| 2025-09-30 | 5.79 |
| 2025-06-30 | 5.98 |
| 2025-03-31 | 6.51 |
| 2024-12-31 | 9.35 |
| 2024-09-30 | 13.29 |
| 2024-06-30 | 17.77 |
| 2024-03-31 | 23.55 |
| 2023-12-31 | 30.76 |
| 2023-09-30 | 13.43 |
| 2023-06-30 | 2.86 |
| 2023-03-31 | 3.83 |
| 2022-12-31 | 6.08 |
| 2022-09-30 | 6.11 |
| 2022-06-30 | 6.15 |
| 2022-03-31 | 12.32 |
| 2021-12-31 | 13.51 |
| 2021-09-30 | 12.19 |
| 2021-06-30 | 15.93 |
| 2021-03-31 | 24.85 |
| 2020-12-31 | 35.22 |
| 2020-09-30 | 4.84 |
| 2020-06-30 | 0.82 |
| 2020-03-31 | 0.57 |
| 2019-12-31 | 0.47 |
| 2019-09-30 | 1.14 |
| 2019-06-30 | 2.65 |
| 2019-03-31 | 4.79 |
| 2018-12-31 | 3.63 |
| 2018-09-30 | 6.48 |
| 2018-06-30 | 4.19 |
| 2018-03-31 | 7.56 |
| 2017-12-31 | 10.53 |
| 2017-09-30 | 1.24 |
| 2017-06-30 | 2.12 |
| 2017-03-31 | 2.47 |
| 2016-12-31 | 3.01 |
| 2016-09-30 | 3.84 |
| 2016-06-30 | 5.39 |
| 2016-03-31 | 0.48 |
| 2015-12-31 | 0.90 |
| 2015-09-30 | 0.77 |
| 2015-06-30 | 0.49 |
| 2015-03-31 | 0.01 |
| 2014-12-31 | 0.01 |
| 2014-09-30 | 0.00 |
| 2014-06-30 | 0.07 |
| 2014-03-31 | 0.00 |
| 2013-12-31 | 0.02 |
| 2013-09-30 | 0.02 |
| 2013-06-30 | 0.08 |
| 2013-03-31 | 0.28 |
| 2012-12-31 | 0.04 |
| 2012-09-30 | 0.11 |
| 2012-06-30 | 0.12 |
| 2012-03-31 | 0.07 |
| 2011-12-31 | 0.13 |
| 2011-09-30 | 0.07 |
| 2011-06-30 | 0.28 |
| 2011-03-31 | 0.91 |
| 2010-12-31 | 0.56 |
| 2010-09-30 | 0.66 |
| 2010-06-30 | 1.23 |
| 2010-03-31 | 0.85 |
| 2009-12-31 | 0.37 |
| 2009-09-30 | 1.13 |
| 2009-06-30 | 1.03 |
| 2009-03-31 | 2.10 |
| 2008-12-31 | 8.12 |
| 2008-09-30 | 0.04 |
| 2008-06-30 | 0.07 |
| 2008-03-31 | 0.11 |
| 2007-09-30 | 0.00 |
| 2007-06-30 | 0.00 |
| 2007-03-31 | 0.00 |