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 17.14 is 343% above its 5-year average of 3.87, near the high end of its 5-year range (1.20–17.14).
As of the fiscal period ended Tuesday, March 31, 2026. 185.56% above its 12-month average of 6.00.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
17.14
QUICK RATIO (ACID-TEST) AVG TTM
6.00
QUICK RATIO (ACID-TEST) AVG 3Y
3.37
QUICK RATIO (ACID-TEST) AVG 5Y
3.43
QUICK RATIO (ACID-TEST) AVG 10Y
3.90
QUICK RATIO (ACID-TEST) AVG 15Y
11.63
QUICK RATIO (ACID-TEST) AVG 20Y
10.01
CURRENT VS TTM AVG
+185.56%
CURRENT VS 3Y AVG
+408.23%
CURRENT VS 5Y AVG
+399.67%
CURRENT VS 10Y AVG
+339.50%
CURRENT VS 15Y AVG
+47.41%
CURRENT VS 20Y AVG
+71.32%
SECTOR MEDIAN · FINANCIAL SERVICES
0.90
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+1804.67%
vs the sector median at left
Franklin Resources, Inc.
Market Cap
$17.32B
Quick Ratio (Acid-Test)
17.14
TTM Avg
6.00
3Y Avg
3.37
5Y Avg
3.43
Market Cap
$17.19B
Quick Ratio (Acid-Test)
1.03
TTM Avg
1.03
3Y Avg
1.03
5Y Avg
1.02
Market Cap
$16.76B
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$15.78B
Quick Ratio (Acid-Test)
0.76
TTM Avg
0.77
3Y Avg
0.73
5Y Avg
0.82
Market Cap
$21.47B
Quick Ratio (Acid-Test)
0.24
TTM Avg
0.21
3Y Avg
0.21
5Y Avg
0.43
Market Cap
$21.71B
Quick Ratio (Acid-Test)
1.69
TTM Avg
1.33
3Y Avg
1.14
5Y Avg
1.11
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Franklin Resources, Inc. (BEN) | $17.32B | 17.14 | 6.00 | 3.37 | 3.43 |
| Circle Internet Group (CRCL)vs › | $17.19B | 1.03 | 1.03 | 1.03 | 1.02 |
| WisdomTree U.S. Quality Dividend Growth Fund (DGRW)vs › | $16.76B | N/A | N/A | N/A | N/A |
| Everest Group, Ltd. (EG)vs › | $15.78B | 0.76 | 0.77 | 0.73 | 0.82 |
| Assurant, Inc. (AIZ)vs › | $14.03B | 0.55 | 0.67 | 0.66 | 0.69 |
| Globe Life Inc. (GL)vs › | $13.91B | 9.66 | 9.57 | 10.16 | 9.76 |
| SoFi Technologies, Inc. (SOFI)vs › | $21.47B | 0.24 | 0.21 | 0.21 | 0.43 |
| Invesco Ltd. (IVZ)vs › | $13.05B | 43.01 | 23.07 | 12.26 | 8.44 |
| Global Payments Inc. (GPN)vs › | $21.71B | 1.69 | 1.33 | 1.14 | 1.11 |
| American Financial Group, Inc. (AFG)vs › | $12.04B | 0.50 | 0.81 | 0.91 | 1.09 |
Quick Ratio
17.14
Excludes inventory
Current Ratio
2.71
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 | 17.14 |
| 2025-12-31 | 3.42 |
| 2025-09-30 | 2.71 |
| 2025-06-30 | 2.79 |
| 2025-03-31 | 3.96 |
| 2024-12-31 | 2.64 |
| 2024-09-30 | 3.24 |
| 2024-06-30 | 3.48 |
| 2024-03-31 | 3.38 |
| 2023-12-31 | 3.30 |
| 2023-09-30 | 4.13 |
| 2023-06-30 | 3.63 |
| 2023-03-31 | 3.81 |
| 2022-12-31 | 3.11 |
| 2022-09-30 | 3.70 |
| 2022-06-30 | 1.20 |
| 2022-03-31 | 1.24 |
| 2021-12-31 | 2.96 |
| 2021-09-30 | 3.51 |
| 2021-06-30 | 4.03 |
| 2021-03-31 | 3.97 |
| 2020-12-31 | 3.90 |
| 2020-09-30 | 3.00 |
| 2020-06-30 | 6.42 |
| 2020-03-31 | 5.82 |
| 2019-12-31 | 5.28 |
| 2019-09-30 | 5.37 |
| 2019-06-30 | 5.29 |
| 2019-03-31 | 5.18 |
| 2018-12-31 | 5.25 |
| 2018-09-30 | 5.58 |
| 2018-06-30 | 4.87 |
| 2018-03-31 | 3.00 |
| 2017-12-31 | 5.54 |
| 2017-09-30 | 20.34 |
| 2017-06-30 | 25.12 |
| 2017-03-31 | 26.24 |
| 2016-12-31 | 18.01 |
| 2016-09-30 | 27.46 |
| 2016-06-30 | 30.32 |
| 2016-03-31 | 31.48 |
| 2015-12-31 | 17.19 |
| 2015-09-30 | 28.35 |
| 2015-06-30 | 29.15 |
| 2015-03-31 | 28.74 |
| 2014-12-31 | 11.11 |
| 2014-09-30 | 27.18 |
| 2014-06-30 | 28.75 |
| 2014-03-31 | 31.05 |
| 2013-12-31 | 16.82 |
| 2013-09-30 | 27.74 |
| 2013-06-30 | 27.24 |
| 2013-03-31 | 27.53 |
| 2012-12-31 | 18.63 |
| 2012-09-30 | 29.62 |
| 2012-06-30 | 5.30 |
| 2012-03-31 | 6.78 |
| 2011-12-31 | 6.81 |
| 2011-09-30 | 4.16 |
| 2011-06-30 | 6.33 |
| 2011-03-31 | 6.07 |
| 2010-12-31 | 6.14 |
| 2010-09-30 | 6.32 |
| 2010-06-30 | 6.07 |
| 2010-03-31 | 5.18 |
| 2009-12-31 | 5.18 |
| 2009-09-30 | 7.23 |
| 2009-06-30 | 6.97 |
| 2009-03-31 | 7.40 |
| 2008-12-31 | 7.03 |
| 2008-09-30 | 5.18 |
| 2008-06-30 | 4.89 |
| 2008-03-31 | 2.62 |
| 2007-12-31 | 4.96 |
| 2007-09-30 | 3.80 |
| 2007-06-30 | 3.77 |
| 2007-03-31 | 3.77 |
| 2006-12-31 | 3.91 |
| 2006-09-30 | 3.27 |
| 2006-06-30 | 3.31 |
| 2006-03-31 | 4.12 |
| 2005-12-31 | 4.06 |
| 2005-09-30 | 5.42 |
| 2005-06-30 | 5.85 |
| 2005-03-31 | 2.58 |
| 2004-12-31 | 3.32 |
| 2004-09-30 | 4.39 |
| 2004-06-30 | 2.81 |
| 2004-03-31 | 2.87 |
| 2003-12-31 | 3.02 |
| 2003-09-30 | 7.96 |
| 2003-06-30 | 3.10 |
| 2003-03-31 | 2.57 |
| 2002-12-31 | 2.70 |
| 2002-09-30 | 2.55 |
| 2002-06-30 | 2.65 |
