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 48.81 is 138% above its 5-year average of 20.52, near the high end of its 5-year range (1.80–48.81).
As of the fiscal period ended Tuesday, June 30, 2026. 46.52% above its 12-month average of 33.31.
Reported quarterly quick ratio; no daily interpolation. Q4 FY2026 (2026-06-30): 48.81.
QUICK RATIO (ACID-TEST)
48.81
QUICK RATIO (ACID-TEST) AVG TTM
33.31
QUICK RATIO (ACID-TEST) AVG 3Y
17.19
QUICK RATIO (ACID-TEST) AVG 5Y
20.52
QUICK RATIO (ACID-TEST) AVG 10Y
9.68
QUICK RATIO (ACID-TEST) AVG 15Y
3.51
QUICK RATIO (ACID-TEST) AVG 20Y
3.13
CURRENT VS TTM AVG
+46.52%
CURRENT VS 3Y AVG
+183.93%
CURRENT VS 5Y AVG
+137.88%
CURRENT VS 10Y AVG
+404.35%
CURRENT VS 15Y AVG
+1291.15%
CURRENT VS 20Y AVG
+1457.59%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 871 covered companies
CURRENT VS SECTOR MEDIAN
+1357.06%
vs the sector median at left
Incannex Healthcare Limited
Market Cap
$37.75M
Quick Ratio (Acid-Test)
48.81
TTM Avg
33.31
3Y Avg
17.19
5Y Avg
20.52
Market Cap
$38.47M
Quick Ratio (Acid-Test)
0.98
TTM Avg
0.82
3Y Avg
0.91
5Y Avg
1.06
Market Cap
$39.15M
Quick Ratio (Acid-Test)
4.50
TTM Avg
7.06
3Y Avg
6.43
5Y Avg
6.01
Market Cap
$36.29M
Quick Ratio (Acid-Test)
0.18
TTM Avg
0.16
3Y Avg
0.31
5Y Avg
0.42
Market Cap
$35.39M
Quick Ratio (Acid-Test)
2.06
TTM Avg
1.18
3Y Avg
0.60
5Y Avg
0.79
Market Cap
$36.17M
Quick Ratio (Acid-Test)
2.76
TTM Avg
5.79
3Y Avg
4.84
5Y Avg
5.49
Market Cap
$35.47M
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 |
|---|---|---|---|---|---|
| Incannex Healthcare Limited (IXHL) | $37.75M | 48.81 | 33.31 | 17.19 | 20.52 |
| Nephros, Inc. (NEPH)vs › | $38.87M | 2.71 | 3.27 | 3.24 | 4.04 |
| Harvard Bioscience, Inc. (HBIO)vs › | $38.47M | 0.98 | 0.82 | 0.91 | 1.06 |
| Metagenomi, Inc. Common Stock (MGX)vs › | $39.15M | 4.50 | 7.06 | 6.43 | 6.01 |
| EUDA Health Holdings Limited (EUDA)vs › | $36.29M | 0.18 | 0.16 | 0.31 | 0.42 |
| QT Imaging Holdings, Inc. (QTI)vs › | $35.39M | 2.06 | 1.18 | 0.60 | 0.79 |
| Edesa Biotech, Inc. (EDSA)vs › | $36.17M | 2.76 | 5.79 | 4.84 | 5.49 |
| Elicio Therapeutics, Inc. (ELTX)vs › | $35.47M | 2.77 | 2.09 | 1.85 | 2.65 |
| DocGo Inc. (DCGO)vs › | $35.32M | 1.66 | 2.38 | 2.35 | 2.72 |
| Veru Inc. (VERU)vs › | $40.31M | 4.42 | 2.53 | 2.10 | 3.18 |
Quick Ratio
48.81
Excludes inventory
Current Ratio
48.81
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 | 48.81 |
| 2025-12-31 | 48.27 |
| 2025-06-30 | 2.86 |
| 2024-12-31 | 1.80 |
| 2024-06-30 | 2.88 |
| 2023-12-31 | 6.70 |
| 2023-06-30 | 9.02 |
| 2022-12-31 | 37.63 |
| 2022-06-30 | 18.84 |
| 2021-12-31 | 36.54 |
| 2021-06-30 | 12.36 |
| 2020-12-31 | 31.62 |
| 2020-06-30 | 3.78 |
| 2019-12-31 | 13.59 |
| 2019-06-30 | 0.25 |
| 2018-12-31 | 1.02 |
| 2018-06-30 | 0.29 |
| 2017-12-31 | 1.42 |
| 2017-06-30 | 0.79 |
| 2016-12-31 | 2.44 |
| 2016-06-30 | 0.05 |
| 2015-12-31 | 1.95 |
| 2015-06-30 | 1.08 |
| 2014-12-31 | 0.49 |
| 2014-06-30 | 1.63 |
| 2013-12-31 | 5.04 |
| 2013-06-30 | 1.00 |
| 2012-12-31 | 0.63 |
| 2012-06-30 | 0.40 |
| 2011-12-31 | 0.45 |
| 2011-06-30 | 0.47 |
| 2010-12-31 | 3.43 |
| 2010-06-30 | 1.37 |
| 2009-12-31 | 1.86 |
| 2009-06-30 | 0.87 |
| 2008-12-31 | 0.23 |
| 2008-06-30 | 1.30 |
| 2007-12-31 | 26.27 |
| 2007-06-30 | 41.62 |
