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 0.98 is 11% below its 5-year average of 1.10, around the middle of its 5-year range (0.40–1.34).
As of the fiscal period ended Tuesday, June 30, 2026. 19.06% above its 12-month average of 0.82.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.98.
QUICK RATIO (ACID-TEST)
0.98
QUICK RATIO (ACID-TEST) AVG TTM
0.82
QUICK RATIO (ACID-TEST) AVG 3Y
0.83
QUICK RATIO (ACID-TEST) AVG 5Y
1.10
QUICK RATIO (ACID-TEST) AVG 10Y
1.25
QUICK RATIO (ACID-TEST) AVG 15Y
1.40
QUICK RATIO (ACID-TEST) AVG 20Y
2.00
CURRENT VS TTM AVG
+19.06%
CURRENT VS 3Y AVG
+17.84%
CURRENT VS 5Y AVG
-11.02%
CURRENT VS 10Y AVG
-21.80%
CURRENT VS 15Y AVG
-30.09%
CURRENT VS 20Y AVG
-51.03%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 871 covered companies
CURRENT VS SECTOR MEDIAN
-70.82%
vs the sector median at left
Harvard Bioscience, Inc.
Market Cap
$38.47M
Quick Ratio (Acid-Test)
0.98
TTM Avg
0.82
3Y Avg
0.83
5Y Avg
1.10
Market Cap
$39.15M
Quick Ratio (Acid-Test)
4.50
TTM Avg
7.06
3Y Avg
6.43
5Y Avg
6.01
Market Cap
$37.57M
Quick Ratio (Acid-Test)
48.81
TTM Avg
25.84
3Y Avg
15.89
5Y Avg
15.79
Market Cap
$36.29M
Quick Ratio (Acid-Test)
0.18
TTM Avg
0.16
3Y Avg
0.31
5Y Avg
0.42
Market Cap
$36.17M
Quick Ratio (Acid-Test)
2.76
TTM Avg
5.79
3Y Avg
4.84
5Y Avg
5.49
Market Cap
$40.95M
Quick Ratio (Acid-Test)
2.08
TTM Avg
2.23
3Y Avg
2.23
5Y Avg
2.23
Market Cap
$35.46M
Quick Ratio (Acid-Test)
2.77
TTM Avg
2.09
3Y Avg
1.85
5Y Avg
2.65
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Harvard Bioscience, Inc. (HBIO) | $38.47M | 0.98 | 0.82 | 0.83 | 1.10 |
| Nephros, Inc. (NEPH)vs › | $38.54M | 2.71 | 3.27 | 3.24 | 4.04 |
| Metagenomi, Inc. Common Stock (MGX)vs › | $39.15M | 4.50 | 7.06 | 6.43 | 6.01 |
| Incannex Healthcare Limited (IXHL)vs › | $37.57M | 48.81 | 25.84 | 15.89 | 15.79 |
| Veru Inc. (VERU)vs › | $40.05M | 4.42 | 2.53 | 2.10 | 3.18 |
| EUDA Health Holdings Limited (EUDA)vs › | $36.29M | 0.18 | 0.16 | 0.31 | 0.42 |
| Edesa Biotech, Inc. (EDSA)vs › | $36.17M | 2.76 | 5.79 | 4.84 | 5.49 |
| Filana Therapeutics, Inc. (FLNA)vs › | $40.95M | 2.08 | 2.23 | 2.23 | 2.23 |
| Elicio Therapeutics, Inc. (ELTX)vs › | $35.46M | 2.77 | 2.09 | 1.85 | 2.65 |
| QT Imaging Holdings, Inc. (QTI)vs › | $35.39M | 2.06 | 1.18 | 0.60 | 0.79 |
Quick Ratio
0.98
Excludes inventory
Current Ratio
1.87
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 | 0.98 |
| 2026-03-31 | 1.06 |
| 2025-12-31 | 1.25 |
| 2025-09-30 | 0.41 |
| 2025-06-30 | 0.41 |
| 2025-03-31 | 0.40 |
| 2024-12-31 | 0.40 |
| 2024-09-30 | 0.91 |
| 2024-06-30 | 0.94 |
| 2024-03-31 | 0.94 |
| 2023-12-31 | 0.92 |
| 2023-09-30 | 1.02 |
| 2023-06-30 | 1.16 |
| 2023-03-31 | 1.10 |
| 2022-12-31 | 1.06 |
| 2022-09-30 | 1.20 |
| 2022-06-30 | 1.16 |
| 2022-03-31 | 1.13 |
| 2021-12-31 | 1.34 |
| 2021-09-30 | 1.26 |
| 2021-06-30 | 1.24 |
| 2021-03-31 | 1.28 |
| 2020-12-31 | 1.40 |
| 2020-09-30 | 0.98 |
| 2020-06-30 | 0.92 |
| 2020-03-31 | 1.07 |
| 2019-12-31 | 1.24 |
| 2019-09-30 | 1.31 |
| 2019-06-30 | 1.12 |
| 2019-03-31 | 0.99 |
| 2018-12-31 | 1.38 |
| 2018-09-30 | 1.49 |
| 2018-06-30 | 1.26 |
| 2018-03-31 | 1.25 |
| 2017-12-31 | 1.86 |
| 2017-09-30 | 1.87 |
| 2017-06-30 | 1.92 |
| 2017-03-31 | 1.77 |
| 2016-12-31 | 1.75 |
| 2016-09-30 | 1.73 |
| 2016-06-30 | 1.66 |
| 2016-03-31 | 1.67 |
| 2015-12-31 | 1.45 |
| 2015-09-30 | 1.70 |
| 2015-06-30 | 1.58 |
| 2015-03-31 | 1.55 |
| 2014-12-31 | 1.67 |
| 2014-09-30 | 3.00 |
| 2014-06-30 | 2.88 |
| 2014-03-31 | 2.94 |
| 2013-12-31 | 2.80 |
| 2013-09-30 | 4.14 |
| 2013-06-30 | 4.10 |
| 2013-03-31 | 3.37 |
| 2012-12-31 | 4.16 |
| 2012-09-30 | 3.56 |
| 2012-06-30 | 3.40 |
| 2012-03-31 | 3.11 |
| 2011-12-31 | 3.45 |
| 2011-09-30 | 2.92 |
| 2011-06-30 | 4.24 |
| 2011-03-31 | 3.18 |
| 2010-12-31 | 3.78 |
| 2010-09-30 | 3.17 |
| 2010-06-30 | 3.20 |
| 2010-03-31 | 2.60 |
| 2009-12-31 | 2.76 |
| 2009-09-30 | 1.42 |
| 2009-06-30 | 3.33 |
| 2009-03-31 | 3.09 |
| 2008-12-31 | 2.81 |
| 2008-09-30 | 2.53 |
| 2008-06-30 | 2.19 |
| 2008-03-31 | 2.22 |
| 2007-12-31 | 2.41 |
| 2007-09-30 | 3.03 |
| 2007-06-30 | 2.76 |
| 2007-03-31 | 2.99 |
| 2006-12-31 | 2.90 |
| 2006-09-30 | 2.67 |
| 2006-06-30 | 2.41 |
| 2006-03-31 | 2.30 |
| 2005-12-31 | 3.56 |
| 2005-09-30 | 3.61 |
| 2005-06-30 | 1.88 |
| 2005-03-31 | 2.33 |
| 2004-12-31 | 2.23 |
| 2004-09-30 | 2.43 |
| 2004-06-30 | 2.16 |
| 2004-03-31 | 2.06 |
| 2003-12-31 | 1.99 |
| 2003-09-30 | 1.15 |
| 2003-06-30 | 1.23 |
| 2003-03-31 | 1.21 |
| 2002-12-31 | 1.98 |
| 2002-09-30 | 3.76 |