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 1.84 is 18% below its 5-year average of 2.24, near the low end of its 5-year range (1.78–3.87).
As of the fiscal period ended Tuesday, June 30, 2026. 31.74% below its 12-month average of 2.70.
Reported quarterly quick ratio; no daily interpolation. Q1 FY2027 (2026-06-30): 1.84.
QUICK RATIO (ACID-TEST)
1.84
QUICK RATIO (ACID-TEST) AVG TTM
2.70
QUICK RATIO (ACID-TEST) AVG 3Y
2.20
QUICK RATIO (ACID-TEST) AVG 5Y
2.24
QUICK RATIO (ACID-TEST) AVG 10Y
2.30
QUICK RATIO (ACID-TEST) AVG 15Y
2.54
QUICK RATIO (ACID-TEST) AVG 20Y
2.33
CURRENT VS TTM AVG
-31.74%
CURRENT VS 3Y AVG
-16.02%
CURRENT VS 5Y AVG
-17.81%
CURRENT VS 10Y AVG
-19.91%
CURRENT VS 15Y AVG
-27.39%
CURRENT VS 20Y AVG
-20.86%
SECTOR MEDIAN · INDUSTRIALS
1.37
median of 458 covered companies
CURRENT VS SECTOR MEDIAN
+35.15%
vs the sector median at left
Highway Holdings Limited
Market Cap
$4.16M
Quick Ratio (Acid-Test)
1.84
TTM Avg
2.70
3Y Avg
2.20
5Y Avg
2.24
Market Cap
$4.17M
Quick Ratio (Acid-Test)
0.48
TTM Avg
0.50
3Y Avg
0.58
5Y Avg
4.15
Market Cap
$4.14M
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.40M
Quick Ratio (Acid-Test)
2.37
TTM Avg
2.31
3Y Avg
2.23
5Y Avg
1.91
Market Cap
$4.64M
Quick Ratio (Acid-Test)
1.60
TTM Avg
1.24
3Y Avg
1.20
5Y Avg
1.17
Market Cap
$4.66M
Quick Ratio (Acid-Test)
3.20
TTM Avg
3.20
3Y Avg
1.62
5Y Avg
1.47
Market Cap
$3.57M
Quick Ratio (Acid-Test)
12.55
TTM Avg
3.28
3Y Avg
2.23
5Y Avg
1.97
Market Cap
$4.76M
Quick Ratio (Acid-Test)
0.12
TTM Avg
0.70
3Y Avg
0.96
5Y Avg
1.18
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Highway Holdings Limited (HIHO) | $4.16M | 1.84 | 2.70 | 2.20 | 2.24 |
| E-Power Inc. Class A (EPOW)vs › | $4.17M | 0.48 | 0.50 | 0.58 | 4.15 |
| Liberty Defense Holdings, Ltd. Common Shares (DETX)vs › | $4.14M | N/A | N/A | N/A | N/A |
| Haoxin Holdings Limited Class A Ordinary Shares (HXHX)vs › | $4.40M | 2.37 | 2.31 | 2.23 | 1.91 |
| INLIF Limited (INLF)vs › | $3.73M | 5.06 | 1.23 | 0.98 | 0.82 |
| FBS Global Limited Ordinary Shares (FBGL)vs › | $4.64M | 1.60 | 1.24 | 1.20 | 1.17 |
| JBDI Holdings Limited (JBDI)vs › | $4.66M | 3.20 | 3.20 | 1.62 | 1.47 |
| Baiya International Group Inc. (BIYA)vs › | $3.57M | 12.55 | 3.28 | 2.23 | 1.97 |
| Hydrofarm Holdings Group, Inc. (HYFM)vs › | $4.76M | 0.12 | 0.70 | 0.96 | 1.18 |
| YYForce Inc. (YFOR)vs › | $3.47M | N/A | N/A | N/A | N/A |
Quick Ratio
1.84
Excludes inventory
Current Ratio
2.42
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 | 1.84 |
| 2026-03-31 | 1.78 |
| 2025-12-31 | 3.87 |
| 2025-09-30 | 3.15 |
| 2025-06-30 | 2.87 |
| 2025-03-31 | 2.41 |
| 2024-12-31 | 2.14 |
| 2024-09-30 | 2.08 |
| 2024-06-30 | 2.14 |
| 2024-03-31 | 2.11 |
| 2023-12-31 | 2.22 |
| 2023-09-30 | 2.39 |
| 2023-06-30 | 2.19 |
| 2023-03-31 | 2.28 |
| 2022-12-31 | 3.15 |
| 2022-09-30 | 2.53 |
| 2022-06-30 | 2.49 |
| 2022-03-31 | 1.92 |
| 2021-12-31 | 2.26 |
| 2021-09-30 | 2.33 |
| 2021-06-30 | 2.43 |
| 2021-03-31 | 2.33 |
| 2020-12-31 | 2.55 |
| 2020-09-30 | 2.44 |
| 2020-06-30 | 2.49 |
| 2020-03-31 | 2.25 |
| 2019-12-31 | 2.08 |
| 2019-09-30 | 2.01 |
| 2019-06-30 | 2.02 |
| 2019-03-31 | 2.32 |
| 2018-12-31 | 2.31 |
| 2018-09-30 | 2.36 |
| 2018-06-30 | 2.45 |
| 2018-03-31 | 2.26 |
| 2017-12-31 | 2.35 |
| 2017-09-30 | 2.11 |
| 2017-06-30 | 2.26 |
| 2017-03-31 | 2.28 |
| 2016-12-31 | 2.74 |
| 2016-09-30 | 2.68 |
| 2016-06-30 | 2.81 |
| 2016-03-31 | 2.82 |
| 2015-12-31 | 2.82 |
| 2015-09-30 | 2.66 |
| 2015-06-30 | 3.20 |
| 2015-03-31 | 2.89 |
| 2014-12-31 | 3.23 |
| 2014-09-30 | 3.23 |
| 2014-06-30 | 3.15 |
| 2014-03-31 | 2.89 |
| 2013-12-31 | 3.23 |
| 2013-09-30 | 3.23 |
| 2013-06-30 | 3.15 |
| 2013-03-31 | 3.18 |
| 2012-12-31 | 3.22 |
| 2012-09-30 | 3.19 |
| 2012-06-30 | 3.03 |
| 2012-03-31 | 2.46 |
| 2011-12-31 | 1.93 |
| 2011-09-30 | 2.50 |
| 2011-06-30 | 2.60 |
| 2011-03-31 | 2.02 |
| 2010-12-31 | 1.76 |
| 2010-09-30 | 1.83 |
| 2010-06-30 | 2.32 |
| 2010-03-31 | 2.41 |
| 2009-12-31 | 2.37 |
| 2009-09-30 | 2.08 |
| 2009-06-30 | 2.30 |
| 2009-03-31 | 1.85 |
| 2008-12-31 | 1.42 |
| 2008-09-30 | 1.20 |
| 2008-06-30 | 1.20 |
| 2008-03-31 | 1.19 |
| 2007-12-31 | 1.27 |
| 2007-09-30 | 1.26 |
| 2007-06-30 | 1.34 |
| 2007-03-31 | 1.30 |
| 2006-12-31 | 1.41 |
| 2006-09-30 | 1.57 |
| 2006-06-30 | 1.95 |
| 2006-03-31 | 1.95 |
| 2005-12-31 | 2.05 |
| 2005-09-30 | 1.94 |
| 2005-06-30 | 1.86 |
| 2005-03-31 | 1.76 |
| 2004-12-31 | 1.45 |
| 2004-09-30 | 1.89 |
| 2004-06-30 | 1.84 |
| 2004-03-31 | 1.80 |
| 2003-12-31 | 1.74 |
| 2003-09-30 | 1.72 |
| 2003-06-30 | 1.56 |
| 2003-03-31 | 1.75 |
| 2002-12-31 | 1.70 |
| 2002-09-30 | 1.57 |