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 1.58 is 15% above its 5-year average of 1.37, near the low end of its 5-year range (0.90–3.46).
As of the fiscal period ended Tuesday, June 30, 2026. 32.45% above its 12-month average of 1.20.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 1.58.
QUICK RATIO (ACID-TEST)
1.58
QUICK RATIO (ACID-TEST) AVG TTM
1.20
QUICK RATIO (ACID-TEST) AVG 3Y
1.17
QUICK RATIO (ACID-TEST) AVG 5Y
1.37
QUICK RATIO (ACID-TEST) AVG 10Y
2.15
QUICK RATIO (ACID-TEST) AVG 15Y
2.37
QUICK RATIO (ACID-TEST) AVG 20Y
2.37
CURRENT VS TTM AVG
+32.45%
CURRENT VS 3Y AVG
+35.57%
CURRENT VS 5Y AVG
+15.28%
CURRENT VS 10Y AVG
-26.38%
CURRENT VS 15Y AVG
-33.22%
CURRENT VS 20Y AVG
-33.07%
SECTOR MEDIAN · INDUSTRIALS
1.37
median of 479 covered companies
CURRENT VS SECTOR MEDIAN
+15.68%
vs the sector median at left
Heartland Express, Inc.
Market Cap
$877.96M
Quick Ratio (Acid-Test)
1.58
TTM Avg
1.20
3Y Avg
1.17
5Y Avg
1.37
Market Cap
$877.37M
Quick Ratio (Acid-Test)
1.14
TTM Avg
1.11
3Y Avg
1.08
5Y Avg
1.08
Market Cap
$885.48M
Quick Ratio (Acid-Test)
79.18
TTM Avg
34.72
3Y Avg
29.39
5Y Avg
29.39
Market Cap
$897.16M
Quick Ratio (Acid-Test)
1.98
TTM Avg
3.50
3Y Avg
8.07
5Y Avg
8.68
Market Cap
$906.03M
Quick Ratio (Acid-Test)
2.81
TTM Avg
3.02
3Y Avg
3.25
5Y Avg
3.54
Market Cap
$841.80M
Quick Ratio (Acid-Test)
1.11
TTM Avg
1.11
3Y Avg
2.26
5Y Avg
3.86
Market Cap
$841.08M
Quick Ratio (Acid-Test)
7.97
TTM Avg
12.79
3Y Avg
10.54
5Y Avg
9.04
Market Cap
$840.51M
Quick Ratio (Acid-Test)
2.11
TTM Avg
1.93
3Y Avg
2.07
5Y Avg
1.91
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Heartland Express, Inc. (HTLD) | $877.96M | 1.58 | 1.20 | 1.17 | 1.37 |
| Aebi Schmidt Holding AG (AEBI)vs › | $877.37M | 1.14 | 1.11 | 1.08 | 1.08 |
| Nano Nuclear Energy Inc. (NNE)vs › | $885.48M | 79.18 | 34.72 | 29.39 | 29.39 |
| Cryoport, Inc. (CYRX)vs › | $897.16M | 1.98 | 3.50 | 8.07 | 8.68 |
| Willis Lease Finance Corporation (WLFC)vs › | $906.03M | 2.81 | 3.02 | 3.25 | 3.54 |
| Kforce Inc. (KFRC)vs › | $907.63M | 1.93 | 1.89 | 2.06 | 2.28 |
| Evolv Technologies Holdings, Inc. (EVLV)vs › | $841.80M | 1.11 | 1.11 | 2.26 | 3.86 |
| Kornit Digital Ltd. (KRNT)vs › | $841.08M | 7.97 | 12.79 | 10.54 | 9.04 |
| Transcat, Inc. (TRNS)vs › | $840.51M | 2.11 | 1.93 | 2.07 | 1.91 |
| Republic Airways Holdings Inc. (RJET)vs › | $823.73M | 0.84 | 0.80 | 0.84 | 0.67 |
Quick Ratio
1.58
Excludes inventory
Current Ratio
1.58
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 | 1.58 |
| 2026-03-31 | 1.27 |
| 2025-12-31 | 1.04 |
| 2025-09-30 | 1.14 |
| 2025-06-30 | 0.95 |
| 2025-03-31 | 0.90 |
| 2024-12-31 | 1.08 |
| 2024-09-30 | 1.17 |
| 2024-06-30 | 1.23 |
| 2024-03-31 | 1.26 |
| 2023-12-31 | 1.37 |
| 2023-09-30 | 1.28 |
| 2023-06-30 | 1.34 |
| 2023-03-31 | 1.45 |
| 2022-12-31 | 1.47 |
| 2022-09-30 | 1.67 |
| 2022-06-30 | 2.34 |
| 2022-03-31 | 3.46 |
| 2021-12-31 | 3.26 |
| 2021-09-30 | 2.21 |
| 2021-06-30 | 3.21 |
| 2021-03-31 | 2.70 |
| 2020-12-31 | 2.72 |
| 2020-09-30 | 2.06 |
| 2020-06-30 | 2.37 |
| 2020-03-31 | 2.08 |
| 2019-12-31 | 2.39 |
| 2019-09-30 | 2.29 |
| 2019-06-30 | 3.65 |
| 2019-03-31 | 3.43 |
| 2018-12-31 | 3.59 |
| 2018-09-30 | 2.65 |
| 2018-06-30 | 2.87 |
| 2018-03-31 | 2.13 |
| 2017-12-31 | 2.27 |
| 2017-09-30 | 1.86 |
| 2017-06-30 | 4.05 |
| 2017-03-31 | 3.24 |
| 2016-12-31 | 3.08 |
| 2016-09-30 | 2.30 |
| 2016-06-30 | 1.86 |
| 2016-03-31 | 1.88 |
| 2015-12-31 | 1.67 |
| 2015-09-30 | 1.84 |
| 2015-06-30 | 2.17 |
| 2015-03-31 | 1.76 |
| 2014-12-31 | 1.80 |
| 2014-09-30 | 1.24 |
| 2014-06-30 | 1.19 |
| 2014-03-31 | 1.43 |
| 2013-12-31 | 1.34 |
| 2013-09-30 | 3.44 |
| 2013-06-30 | 4.24 |
| 2013-03-31 | 2.64 |
| 2012-12-31 | 3.77 |
| 2012-09-30 | 5.68 |
| 2012-06-30 | 5.24 |
| 2012-03-31 | 3.78 |
| 2011-12-31 | 4.08 |
| 2011-09-30 | 3.56 |
| 2011-06-30 | 3.75 |
| 2011-03-31 | 3.18 |
| 2010-12-31 | 3.57 |
| 2010-09-30 | 1.65 |
| 2010-06-30 | 3.87 |
| 2010-03-31 | 2.44 |
| 2010-02-18 | 2.20 |
| 2009-09-30 | 0.92 |
| 2009-06-30 | 0.83 |
| 2009-03-31 | 0.74 |
| 2008-12-31 | 1.32 |
| 2008-09-30 | 1.02 |
| 2008-06-30 | 0.83 |
| 2008-03-31 | 0.63 |
| 2007-12-31 | 2.91 |
| 2007-09-30 | 2.55 |
| 2007-06-30 | 2.76 |
| 2007-03-31 | 4.33 |
| 2006-12-31 | 3.53 |
| 2006-09-30 | 3.87 |
| 2006-06-30 | 3.86 |
| 2006-03-31 | 3.64 |
| 2005-12-31 | 3.94 |
| 2005-09-30 | 3.70 |
| 2005-06-30 | 3.75 |
| 2005-03-31 | 3.32 |
| 2004-12-31 | 3.66 |
| 2004-09-30 | 3.28 |
| 2004-06-30 | 3.23 |
| 2004-03-31 | 3.14 |
| 2003-12-31 | 3.11 |
| 2003-09-30 | 2.68 |
| 2003-06-30 | 2.57 |
| 2003-03-31 | 2.41 |
| 2002-12-31 | 2.79 |
| 2002-09-30 | 2.68 |
