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 5.03 is 27% below its 5-year average of 6.89, near the low end of its 5-year range (4.99–12.76).
As of the fiscal period ended Tuesday, June 30, 2026. 5.08% below its 12-month average of 5.29.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 5.03.
QUICK RATIO (ACID-TEST)
5.03
QUICK RATIO (ACID-TEST) AVG TTM
5.29
QUICK RATIO (ACID-TEST) AVG 3Y
6.00
QUICK RATIO (ACID-TEST) AVG 5Y
6.89
QUICK RATIO (ACID-TEST) AVG 10Y
5.28
QUICK RATIO (ACID-TEST) AVG 15Y
4.03
QUICK RATIO (ACID-TEST) AVG 20Y
3.93
CURRENT VS TTM AVG
-5.08%
CURRENT VS 3Y AVG
-16.26%
CURRENT VS 5Y AVG
-27.02%
CURRENT VS 10Y AVG
-4.90%
CURRENT VS 15Y AVG
+24.58%
CURRENT VS 20Y AVG
+27.78%
SECTOR MEDIAN · INDUSTRIALS
1.30
median of 369 covered companies
CURRENT VS SECTOR MEDIAN
+286.62%
vs the sector median at left
Fuel Tech, Inc.
Market Cap
$51.58M
Quick Ratio (Acid-Test)
5.03
TTM Avg
5.29
3Y Avg
6.00
5Y Avg
6.89
Market Cap
$50.79M
Quick Ratio (Acid-Test)
2.16
TTM Avg
2.24
3Y Avg
1.40
5Y Avg
1.57
Market Cap
$53.79M
Quick Ratio (Acid-Test)
1.56
TTM Avg
1.46
3Y Avg
1.61
5Y Avg
1.69
Market Cap
$48.33M
Quick Ratio (Acid-Test)
10.15
TTM Avg
7.43
3Y Avg
1702.61
5Y Avg
1135.98
Market Cap
$45.96M
Quick Ratio (Acid-Test)
0.39
TTM Avg
0.71
3Y Avg
0.71
5Y Avg
0.71
Market Cap
$59.71M
Quick Ratio (Acid-Test)
0.67
TTM Avg
0.99
3Y Avg
1.02
5Y Avg
0.96
Market Cap
$42.41M
Quick Ratio (Acid-Test)
0.39
TTM Avg
0.30
3Y Avg
0.33
5Y Avg
0.33
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fuel Tech, Inc. (FTEK) | $51.58M | 5.03 | 5.29 | 6.00 | 6.89 |
| Avax One Technology Ltd (AVX)vs › | $50.79M | 2.16 | 2.24 | 1.40 | 1.57 |
| New Century Logistics (BVI) Limited (NCEW)vs › | $53.79M | 1.56 | 1.46 | 1.61 | 1.69 |
| Mobilicom Ltd (MOB)vs › | $48.33M | 10.15 | 7.43 | 1702.61 | 1135.98 |
| Culp, Inc. (CULP)vs › | $47.49M | 0.84 | 0.75 | 0.81 | 0.97 |
| Circle8 Group, Inc. (CIRC)vs › | $45.96M | 0.39 | 0.71 | 0.71 | 0.71 |
| First Breach Inc. (FBDT)vs › | $45.09M | N/A | N/A | N/A | N/A |
| DLH Holdings Corp. (DLHC)vs › | $59.71M | 0.67 | 0.99 | 1.02 | 0.96 |
| Energys Group Limited (ENGS)vs › | $42.41M | 0.39 | 0.30 | 0.33 | 0.33 |
| Aeries Technology, Inc (AERT)vs › | $42.99M | 0.85 | 0.72 | 0.99 | 1.15 |
Quick Ratio
5.03
Excludes inventory
Current Ratio
5.10
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 | 5.03 |
| 2026-03-31 | 5.37 |
| 2025-12-31 | 5.03 |
| 2025-09-30 | 5.34 |
| 2025-06-30 | 5.71 |
| 2025-03-31 | 6.67 |
| 2024-12-31 | 4.99 |
| 2024-09-30 | 5.73 |
| 2024-06-30 | 6.66 |
| 2024-03-31 | 6.99 |
| 2023-12-31 | 6.66 |
| 2023-09-30 | 6.82 |
| 2023-06-30 | 7.03 |
| 2023-03-31 | 6.74 |
| 2022-12-31 | 7.43 |
| 2022-09-30 | 7.75 |
| 2022-06-30 | 10.07 |
| 2022-03-31 | 10.32 |
| 2021-12-31 | 12.76 |
| 2021-09-30 | 10.51 |
| 2021-06-30 | 11.61 |
| 2021-03-31 | 10.85 |
| 2020-12-31 | 3.79 |
| 2020-09-30 | 3.42 |
| 2020-06-30 | 3.36 |
| 2020-03-31 | 4.30 |
| 2019-12-31 | 4.45 |
| 2019-09-30 | 4.27 |
| 2019-06-30 | 2.97 |
| 2019-03-31 | 2.64 |
| 2018-12-31 | 2.32 |
| 2018-09-30 | 2.32 |
| 2018-06-30 | 2.52 |
| 2018-03-31 | 2.29 |
| 2017-12-31 | 2.09 |
| 2017-09-30 | 2.19 |
| 2017-06-30 | 2.26 |
| 2017-03-31 | 3.19 |
| 2016-12-31 | 2.82 |
| 2016-09-30 | 3.52 |
| 2016-06-30 | 3.38 |
| 2016-03-31 | 2.93 |
| 2015-12-31 | 3.07 |
| 2015-09-30 | 3.61 |
| 2015-06-30 | 3.44 |
| 2015-03-31 | 3.36 |
| 2014-12-31 | 3.07 |
| 2014-09-30 | 3.03 |
| 2014-06-30 | 2.98 |
| 2014-03-31 | 3.50 |
| 2013-12-31 | 3.33 |
| 2013-09-30 | 2.88 |
| 2013-06-30 | 2.53 |
| 2013-03-31 | 3.05 |
| 2012-12-31 | 2.83 |
| 2012-09-30 | 3.00 |
| 2012-06-30 | 3.56 |
| 2012-03-31 | 3.56 |
| 2011-12-31 | 2.91 |
| 2011-09-30 | 3.23 |
| 2011-06-30 | 3.95 |
| 2011-03-31 | 3.65 |
| 2010-12-31 | 3.01 |
| 2010-09-30 | 3.35 |
| 2010-06-30 | 3.50 |
| 2010-03-31 | 3.48 |
| 2009-12-31 | 3.54 |
| 2009-09-30 | 3.29 |
| 2009-06-30 | 3.05 |
| 2009-03-31 | 2.48 |
| 2008-12-31 | 4.17 |
| 2008-09-30 | 3.75 |
| 2008-06-30 | 3.69 |
| 2008-03-31 | 3.75 |
| 2007-12-31 | 2.98 |
| 2007-09-30 | 5.37 |
| 2007-06-30 | 5.17 |
| 2007-03-31 | 4.90 |
| 2006-12-31 | 3.20 |
| 2006-09-30 | 3.38 |
| 2006-06-30 | 3.40 |
| 2006-03-31 | 3.19 |
| 2005-12-31 | 2.43 |
| 2005-09-30 | 3.18 |
| 2005-06-30 | 3.50 |
| 2005-03-31 | 3.10 |
| 2004-12-31 | 3.51 |
| 2004-09-30 | 3.89 |
| 2004-06-30 | 3.52 |
| 2004-03-31 | 5.00 |
| 2003-12-31 | 3.69 |
| 2003-09-30 | 3.83 |
| 2003-06-30 | 3.78 |
| 2003-03-31 | 3.69 |
| 2002-12-31 | 2.93 |
| 2002-09-30 | 2.53 |