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 0.62 is 28% above its 5-year average of 0.48, around the middle of its 5-year range (0.31–0.84).
As of the fiscal period ended Tuesday, June 30, 2026. 1.05% below its 12-month average of 0.62.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.62.
QUICK RATIO (ACID-TEST)
0.62
QUICK RATIO (ACID-TEST) AVG TTM
0.62
QUICK RATIO (ACID-TEST) AVG 3Y
0.51
QUICK RATIO (ACID-TEST) AVG 5Y
0.48
QUICK RATIO (ACID-TEST) AVG 10Y
0.48
QUICK RATIO (ACID-TEST) AVG 15Y
0.56
QUICK RATIO (ACID-TEST) AVG 20Y
0.55
CURRENT VS TTM AVG
-1.05%
CURRENT VS 3Y AVG
+21.03%
CURRENT VS 5Y AVG
+27.60%
CURRENT VS 10Y AVG
+27.23%
CURRENT VS 15Y AVG
+10.44%
CURRENT VS 20Y AVG
+11.96%
SECTOR MEDIAN · UTILITIES
0.67
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-7.21%
vs the sector median at left
Essential Utilities, Inc.
Market Cap
$11.17B
Quick Ratio (Acid-Test)
0.62
TTM Avg
0.62
3Y Avg
0.51
5Y Avg
0.48
Market Cap
$11.62B
Quick Ratio (Acid-Test)
0.41
TTM Avg
0.36
3Y Avg
0.49
5Y Avg
0.55
Market Cap
$10.63B
Quick Ratio (Acid-Test)
0.67
TTM Avg
0.71
3Y Avg
0.76
5Y Avg
0.83
Market Cap
$8.67B
Quick Ratio (Acid-Test)
0.79
TTM Avg
0.58
3Y Avg
0.64
5Y Avg
0.68
Market Cap
$14.56B
Quick Ratio (Acid-Test)
0.55
TTM Avg
1.32
3Y Avg
1.46
5Y Avg
1.31
Market Cap
$6.03B
Quick Ratio (Acid-Test)
1.11
TTM Avg
1.23
3Y Avg
1.53
5Y Avg
1.35
Market Cap
$16.61B
Quick Ratio (Acid-Test)
0.35
TTM Avg
0.49
3Y Avg
0.45
5Y Avg
0.45
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Essential Utilities, Inc. (WTRG) | $11.17B | 0.62 | 0.62 | 0.51 | 0.48 |
| Pinnacle West Capital Corporation (PNW)vs › | $11.62B | 0.41 | 0.36 | 0.49 | 0.55 |
| The AES Corporation (AES)vs › | $10.63B | 0.67 | 0.71 | 0.76 | 0.83 |
| Brookfield Renewable Partners L.P. (BEP)vs › | $8.67B | 0.79 | 0.58 | 0.64 | 0.68 |
| UGI Corporation (UGI)vs › | $7.98B | 1.22 | 0.65 | 0.82 | 0.88 |
| Talen Energy Corporation (TLN)vs › | $14.56B | 0.55 | 1.32 | 1.46 | 1.31 |
| Oklo Inc. (OKLO)vs › | $6.24B | 48.46 | 46.27 | 28.38 | 27.49 |
| Clearway Energy, Inc. (CWEN)vs › | $6.03B | 1.11 | 1.23 | 1.53 | 1.35 |
| Alliant Energy Corporation (LNT)vs › | $16.61B | 0.35 | 0.49 | 0.45 | 0.45 |
| Black Hills Corporation (BKH)vs › | $5.40B | 0.41 | 0.94 | 0.74 | 0.71 |
Quick Ratio
0.62
Excludes inventory
Current Ratio
0.78
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 | 0.62 |
| 2026-03-31 | 0.84 |
| 2025-12-31 | 0.65 |
| 2025-09-30 | 0.43 |
| 2025-06-30 | 0.58 |
| 2025-03-31 | 0.57 |
| 2024-12-31 | 0.40 |
| 2024-09-30 | 0.39 |
| 2024-06-30 | 0.44 |
| 2024-03-31 | 0.52 |
| 2023-12-31 | 0.48 |
| 2023-09-30 | 0.31 |
| 2023-06-30 | 0.39 |
| 2023-03-31 | 0.52 |
| 2022-12-31 | 0.45 |
| 2022-09-30 | 0.37 |
| 2022-06-30 | 0.52 |
| 2022-03-31 | 0.57 |
| 2021-12-31 | 0.49 |
| 2021-09-30 | 0.46 |
| 2021-06-30 | 0.51 |
| 2021-03-31 | 0.62 |
| 2020-12-31 | 0.53 |
| 2020-09-30 | 0.37 |
| 2020-06-30 | 0.59 |
| 2020-03-31 | 0.40 |
| 2019-12-31 | 6.17 |
| 2019-09-30 | 6.14 |
| 2019-06-30 | 5.27 |
| 2019-03-31 | 0.29 |
| 2018-12-31 | 0.33 |
| 2018-09-30 | 0.46 |
| 2018-06-30 | 0.68 |
| 2018-03-31 | 0.42 |
| 2017-12-31 | 0.41 |
| 2017-09-30 | 0.48 |
| 2017-06-30 | 0.36 |
| 2017-03-31 | 0.39 |
| 2016-12-31 | 0.38 |
| 2016-09-30 | 0.51 |
| 2016-06-30 | 0.67 |
| 2016-03-31 | 0.63 |
| 2015-12-31 | 0.60 |
| 2015-09-30 | 0.72 |
| 2015-06-30 | 0.80 |
| 2015-03-31 | 0.74 |
| 2014-12-31 | 0.62 |
| 2014-09-30 | 0.83 |
| 2014-06-30 | 0.68 |
| 2014-03-31 | 0.80 |
| 2013-12-31 | 0.60 |
| 2013-09-30 | 0.63 |
| 2013-06-30 | 0.68 |
| 2013-03-31 | 0.67 |
| 2012-12-31 | 0.91 |
| 2012-09-30 | 0.69 |
| 2012-06-30 | 0.64 |
| 2012-03-31 | 0.72 |
| 2011-12-31 | 0.73 |
| 2011-09-30 | 0.76 |
| 2011-06-30 | 0.54 |
| 2011-03-31 | 0.70 |
| 2010-12-31 | 0.61 |
| 2010-09-30 | 0.67 |
| 2010-06-30 | 0.55 |
| 2010-03-31 | 0.49 |
| 2009-12-31 | 0.56 |
| 2009-09-30 | 0.50 |
| 2009-06-30 | 0.55 |
| 2009-03-31 | 0.55 |
| 2008-12-31 | 0.58 |
| 2008-09-30 | 0.54 |
| 2008-06-30 | 0.67 |
| 2008-03-31 | 0.57 |
| 2007-12-31 | 0.58 |
| 2007-09-30 | 0.38 |
| 2007-06-30 | 0.38 |
| 2007-03-31 | 0.42 |
| 2006-12-31 | 0.49 |
| 2006-09-30 | 0.39 |
| 2006-06-30 | 0.41 |
| 2006-03-31 | 0.44 |
| 2005-12-31 | 0.31 |
| 2005-09-30 | 0.36 |
| 2005-06-30 | 0.32 |
| 2005-03-31 | 0.43 |
| 2004-12-31 | 0.38 |
| 2004-09-30 | 0.33 |
| 2004-06-30 | 0.31 |
| 2004-03-31 | 0.32 |
| 2003-12-31 | 0.34 |
| 2003-09-30 | 0.38 |
| 2003-06-30 | 0.35 |
| 2003-03-31 | 0.30 |
| 2002-12-31 | 0.29 |
| 2002-09-30 | 0.36 |
