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 2.76 is 49% below its 5-year average of 5.43, near the low end of its 5-year range (0.91–18.97).
As of the fiscal period ended Tuesday, June 30, 2026. 74.46% below its 12-month average of 10.80.
Reported quarterly quick ratio; no daily interpolation. Q3 FY2026 (2026-06-30): 2.76.
QUICK RATIO (ACID-TEST)
2.76
QUICK RATIO (ACID-TEST) AVG TTM
10.80
QUICK RATIO (ACID-TEST) AVG 3Y
6.60
QUICK RATIO (ACID-TEST) AVG 5Y
5.43
QUICK RATIO (ACID-TEST) AVG 10Y
9.70
QUICK RATIO (ACID-TEST) AVG 15Y
8.52
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
-74.46%
CURRENT VS 3Y AVG
-58.21%
CURRENT VS 5Y AVG
-49.20%
CURRENT VS 10Y AVG
-71.58%
CURRENT VS 15Y AVG
-67.64%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.99
median of 631 covered companies
CURRENT VS SECTOR MEDIAN
-7.79%
vs the sector median at left
Edesa Biotech, Inc.
Market Cap
$37.23M
Quick Ratio (Acid-Test)
2.76
TTM Avg
10.80
3Y Avg
6.60
5Y Avg
5.43
Market Cap
$37.15M
Quick Ratio (Acid-Test)
17.36
TTM Avg
10.45
3Y Avg
5.53
5Y Avg
5.78
Market Cap
$36.13M
Quick Ratio (Acid-Test)
2.77
TTM Avg
2.09
3Y Avg
1.85
5Y Avg
2.65
Market Cap
$38.52M
Quick Ratio (Acid-Test)
0.98
TTM Avg
0.82
3Y Avg
0.91
5Y Avg
1.06
Market Cap
$38.71M
Quick Ratio (Acid-Test)
48.81
TTM Avg
25.84
3Y Avg
15.89
5Y Avg
15.79
Market Cap
$35.53M
Quick Ratio (Acid-Test)
0.74
TTM Avg
0.82
3Y Avg
0.89
5Y Avg
0.96
Market Cap
$35.06M
Quick Ratio (Acid-Test)
7.07
TTM Avg
2.75
3Y Avg
16.37
5Y Avg
28.22
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Edesa Biotech, Inc. (EDSA) | $37.23M | 2.76 | 10.80 | 6.60 | 5.43 |
| iTonic Holdings Ltd. (ITOC)vs › | $37.15M | 17.36 | 10.45 | 5.53 | 5.78 |
| DocGo Inc. (DCGO)vs › | $36.48M | 1.66 | 2.38 | 2.35 | 2.72 |
| Elicio Therapeutics, Inc. (ELTX)vs › | $36.13M | 2.77 | 2.09 | 1.85 | 2.65 |
| Harvard Bioscience, Inc. (HBIO)vs › | $38.52M | 0.98 | 0.82 | 0.91 | 1.06 |
| Incannex Healthcare Limited (IXHL)vs › | $38.71M | 48.81 | 25.84 | 15.89 | 15.79 |
| Accuray Incorporated (ARAY)vs › | $35.53M | 0.74 | 0.82 | 0.89 | 0.96 |
| Nephros, Inc. (NEPH)vs › | $39.63M | 2.71 | 3.27 | 3.24 | 4.04 |
| BriaCell Therapeutics Corp. (BCTX)vs › | $35.06M | 7.07 | 2.75 | 16.37 | 28.22 |
| Elutia Inc (ELUT)vs › | $34.48M | 1.64 | 1.38 | 1.12 | 1.30 |
Quick Ratio
2.76
Excludes inventory
Current Ratio
2.76
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 | 2.76 |
| 2026-03-31 | 4.76 |
| 2025-12-31 | 16.82 |
| 2025-09-30 | 10.67 |
| 2025-06-30 | 18.97 |
| 2025-03-31 | 15.73 |
| 2024-12-31 | 1.09 |
| 2024-09-30 | 0.91 |
| 2024-06-30 | 1.29 |
| 2024-03-31 | 1.97 |
| 2023-12-31 | 2.73 |
| 2023-09-30 | 3.53 |
| 2023-06-30 | 4.52 |
| 2023-03-31 | 5.20 |
| 2022-12-31 | 7.10 |
| 2022-09-30 | 4.25 |
| 2022-06-30 | 2.68 |
| 2022-03-31 | 5.40 |
| 2021-12-31 | 5.66 |
| 2021-09-30 | 8.29 |
| 2021-06-30 | 14.58 |
| 2021-03-31 | 4.64 |
| 2020-12-31 | 8.46 |
| 2020-09-30 | 5.30 |
| 2020-06-30 | 6.33 |
| 2020-03-31 | 12.83 |
| 2019-12-31 | 6.86 |
| 2019-09-30 | 12.70 |
| 2019-06-30 | 6.94 |
| 2019-03-31 | 8.96 |
| 2018-12-31 | 15.62 |
| 2018-09-30 | 21.14 |
| 2018-06-30 | 27.49 |
| 2018-03-31 | 6.89 |
| 2017-12-31 | 9.64 |
| 2017-09-30 | 20.85 |
| 2017-06-30 | 18.76 |
| 2017-03-31 | 20.85 |
| 2016-12-31 | 17.04 |
| 2016-09-30 | 19.00 |
| 2016-06-30 | 8.53 |
| 2016-03-31 | 13.26 |
| 2015-12-31 | 12.66 |
| 2015-09-30 | 3.91 |
| 2015-06-30 | 5.91 |
| 2015-03-31 | 3.89 |
| 2014-12-31 | 3.26 |
| 2014-08-31 | 9.90 |
| 2014-05-31 | 14.65 |
| 2014-02-28 | 9.07 |
| 2013-11-30 | 9.46 |
| 2013-08-31 | 2.07 |
| 2013-05-31 | 5.40 |
| 2013-02-28 | 2.17 |
| 2012-11-30 | 3.01 |
| 2012-08-31 | 1.86 |
| 2012-05-31 | 5.53 |
| 2012-02-29 | 9.61 |
| 2011-11-30 | 8.35 |
| 2011-08-31 | 26.53 |
| 2011-05-31 | 39.18 |
| 2011-02-28 | 45.44 |
| 2010-11-30 | 14.04 |
| 2010-08-31 | 6.17 |
| 2010-05-31 | 24.18 |
| 2010-01-31 | 17.15 |
| 2009-10-31 | 13.06 |
| 2009-04-30 | 0.00 |
| 2009-01-31 | 0.00 |
| 2008-10-31 | 0.00 |
