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 7.43 is 29% below its 5-year average of 10.52, near the low end of its 5-year range (4.56–18.35).
As of the fiscal period ended Tuesday, June 30, 2026. 8.82% above its 12-month average of 6.83.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 7.43.
QUICK RATIO (ACID-TEST)
7.43
QUICK RATIO (ACID-TEST) AVG TTM
6.83
QUICK RATIO (ACID-TEST) AVG 3Y
8.43
QUICK RATIO (ACID-TEST) AVG 5Y
10.52
QUICK RATIO (ACID-TEST) AVG 10Y
7.71
QUICK RATIO (ACID-TEST) AVG 15Y
5.70
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+8.82%
CURRENT VS 3Y AVG
-11.84%
CURRENT VS 5Y AVG
-29.33%
CURRENT VS 10Y AVG
-3.59%
CURRENT VS 15Y AVG
+30.34%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
3.35
median of 871 covered companies
CURRENT VS SECTOR MEDIAN
+121.94%
vs the sector median at left
Xenetic Biosciences, Inc.
Market Cap
$4.86M
Quick Ratio (Acid-Test)
7.43
TTM Avg
6.83
3Y Avg
8.43
5Y Avg
10.52
Market Cap
$4.97M
Quick Ratio (Acid-Test)
1.12
TTM Avg
0.07
3Y Avg
0.07
5Y Avg
0.12
Market Cap
$4.72M
Quick Ratio (Acid-Test)
7.22
TTM Avg
2.13
3Y Avg
2.10
5Y Avg
5.04
Market Cap
$4.69M
Quick Ratio (Acid-Test)
5.58
TTM Avg
4.46
3Y Avg
3.04
5Y Avg
7.15
Market Cap
$5.12M
Quick Ratio (Acid-Test)
0.19
TTM Avg
0.06
3Y Avg
0.46
5Y Avg
2.58
Market Cap
$4.55M
Quick Ratio (Acid-Test)
2.73
TTM Avg
3.29
3Y Avg
4.75
5Y Avg
4.47
Market Cap
$4.53M
Quick Ratio (Acid-Test)
40.30
TTM Avg
26.48
3Y Avg
43.98
5Y Avg
50.08
Market Cap
$5.21M
Quick Ratio (Acid-Test)
3.01
TTM Avg
3.95
3Y Avg
2.52
5Y Avg
4.28
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Xenetic Biosciences, Inc. (XBIO) | $4.86M | 7.43 | 6.83 | 8.43 | 10.52 |
| Liminatus Pharma, Inc. Class A Common Stock (LIMN)vs › | $4.97M | 1.12 | 0.07 | 0.07 | 0.12 |
| Bio Green Med Solution, Inc. (BGMS)vs › | $4.72M | 7.22 | 2.13 | 2.10 | 5.04 |
| Imunon, Inc. (IMNN)vs › | $4.71M | 1.82 | 1.99 | 2.53 | 3.43 |
| CalciMedica, Inc. (CALC)vs › | $4.69M | 5.58 | 4.46 | 3.04 | 7.15 |
| Lunai Bioworks Inc. (LNAI)vs › | $5.12M | 0.19 | 0.06 | 0.46 | 2.58 |
| Dermata Therapeutics, Inc. (DRMA)vs › | $4.55M | 2.73 | 3.29 | 4.75 | 4.47 |
| PharmaCyte Biotech, Inc. (PMCB)vs › | $4.53M | 40.30 | 26.48 | 43.98 | 50.08 |
| Alzamend Neuro Inc (ALZN)vs › | $5.21M | 3.01 | 3.95 | 2.52 | 4.28 |
| Basel Medical Group Ltd Ordinary Shares (BMGL)vs › | $5.21M | 1.84 | 1.72 | 1.97 | 1.97 |
Quick Ratio
7.43
Excludes inventory
Current Ratio
7.43
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 | 7.43 |
| 2026-03-31 | 7.93 |
| 2025-12-31 | 8.32 |
| 2025-09-30 | 4.56 |
| 2025-06-30 | 5.93 |
| 2025-03-31 | 8.20 |
| 2024-12-31 | 7.37 |
| 2024-09-30 | 6.96 |
| 2024-06-30 | 5.05 |
| 2024-03-31 | 11.69 |
| 2023-12-31 | 11.84 |
| 2023-09-30 | 10.54 |
| 2023-06-30 | 13.82 |
| 2023-03-31 | 15.03 |
| 2022-12-31 | 12.72 |
| 2022-09-30 | 13.48 |
| 2022-06-30 | 12.02 |
| 2022-03-31 | 15.88 |
| 2021-12-31 | 13.18 |
| 2021-09-30 | 18.35 |
| 2021-06-30 | 10.64 |
| 2021-03-31 | 13.83 |
| 2020-12-31 | 13.20 |
| 2020-09-30 | 10.14 |
| 2020-06-30 | 11.58 |
| 2020-03-31 | 7.08 |
| 2019-12-31 | 7.84 |
| 2019-09-30 | 7.61 |
| 2019-06-30 | 1.03 |
| 2019-03-31 | 1.60 |
| 2018-12-31 | 0.75 |
| 2018-09-30 | 1.73 |
| 2018-06-30 | 2.57 |
| 2018-03-31 | 2.46 |
| 2017-12-31 | 3.03 |
| 2017-09-30 | 0.95 |
| 2017-06-30 | 1.91 |
| 2017-03-31 | 3.11 |
| 2016-12-31 | 4.47 |
| 2016-09-30 | 0.24 |
| 2016-06-30 | 0.13 |
| 2016-03-31 | 0.55 |
| 2015-12-31 | 0.57 |
| 2015-09-30 | 0.25 |
| 2015-06-30 | 0.14 |
| 2015-03-31 | 0.41 |
| 2014-12-31 | 1.03 |
| 2014-09-30 | 2.62 |
| 2014-06-30 | 3.92 |
| 2014-03-31 | 4.26 |
| 2013-12-31 | 0.16 |
| 2013-08-31 | 0.16 |
| 2013-05-31 | 0.59 |
| 2013-02-28 | 0.59 |
| 2012-11-30 | 1.79 |
| 2012-08-31 | 2.00 |
| 2012-05-31 | 0.75 |
| 2012-02-29 | 0.56 |
| 2011-11-30 | 0.00 |
