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 11.48 is 11% below its 5-year average of 12.91, around the middle of its 5-year range (5.35–23.89).
As of the fiscal period ended Tuesday, June 30, 2026. 16.88% above its 12-month average of 9.82.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 11.48.
QUICK RATIO (ACID-TEST)
11.48
QUICK RATIO (ACID-TEST) AVG TTM
9.82
QUICK RATIO (ACID-TEST) AVG 3Y
12.04
QUICK RATIO (ACID-TEST) AVG 5Y
12.91
QUICK RATIO (ACID-TEST) AVG 10Y
10.47
QUICK RATIO (ACID-TEST) AVG 15Y
11.41
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+16.88%
CURRENT VS 3Y AVG
-4.66%
CURRENT VS 5Y AVG
-11.08%
CURRENT VS 10Y AVG
+9.67%
CURRENT VS 15Y AVG
+0.57%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
3.20
median of 756 covered companies
CURRENT VS SECTOR MEDIAN
+259.26%
vs the sector median at left
Lipocine Inc.
Market Cap
$17.19M
Quick Ratio (Acid-Test)
11.48
TTM Avg
9.82
3Y Avg
12.04
5Y Avg
12.91
Market Cap
$17.01M
Quick Ratio (Acid-Test)
6.03
TTM Avg
7.38
3Y Avg
5.70
5Y Avg
5.02
Market Cap
$16.76M
Quick Ratio (Acid-Test)
4.61
TTM Avg
2.49
3Y Avg
1.75
5Y Avg
2.54
Market Cap
$16.75M
Quick Ratio (Acid-Test)
1.96
TTM Avg
1.25
3Y Avg
1.80
5Y Avg
4.00
Market Cap
$17.81M
Quick Ratio (Acid-Test)
0.92
TTM Avg
0.83
3Y Avg
1.35
5Y Avg
1.29
Market Cap
$16.48M
Quick Ratio (Acid-Test)
1.65
TTM Avg
3.34
3Y Avg
3.94
5Y Avg
7.05
Market Cap
$16.00M
Quick Ratio (Acid-Test)
2.09
TTM Avg
1.13
3Y Avg
1.21
5Y Avg
2.30
Market Cap
$18.60M
Quick Ratio (Acid-Test)
0.20
TTM Avg
0.34
3Y Avg
6.34
5Y Avg
6.11
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lipocine Inc. (LPCN) | $17.19M | 11.48 | 9.82 | 12.04 | 12.91 |
| Marker Therapeutics, Inc. (MRKR)vs › | $17.01M | 6.03 | 7.38 | 5.70 | 5.02 |
| PAVmed Inc. (PAVM)vs › | $17.17M | 1.19 | 0.11 | 0.43 | 2.24 |
| Palatin Technologies, Inc. (PTN)vs › | $16.76M | 4.61 | 2.49 | 1.75 | 2.54 |
| Bionano Genomics, Inc. (BNGO)vs › | $16.75M | 1.96 | 1.25 | 1.80 | 4.00 |
| Cosmos Health Inc. (COSM)vs › | $17.81M | 0.92 | 0.83 | 1.35 | 1.29 |
| Dyadic International, Inc. (DYAI)vs › | $16.48M | 1.65 | 3.34 | 3.94 | 7.05 |
| BioCardia, Inc. (BCDA)vs › | $16.00M | 2.09 | 1.13 | 1.21 | 2.30 |
| Estrella Immunopharma, Inc. (ESLA)vs › | $18.60M | 0.20 | 0.34 | 6.34 | 6.11 |
| Allarity Therapeutics, Inc. (ALLR)vs › | $15.60M | 1.11 | 2.09 | 1.19 | 1.02 |
Quick Ratio
11.48
Excludes inventory
Current Ratio
11.48
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 | 11.48 |
| 2026-03-31 | 9.99 |
| 2025-12-31 | 6.68 |
| 2025-09-30 | 8.25 |
| 2025-06-30 | 12.71 |
| 2025-03-31 | 15.64 |
| 2024-12-31 | 14.75 |
| 2024-09-30 | 12.97 |
| 2024-06-30 | 12.56 |
| 2024-03-31 | 16.99 |
| 2023-12-31 | 8.69 |
| 2023-09-30 | 10.98 |
| 2023-06-30 | 14.82 |
| 2023-03-31 | 15.86 |
| 2022-12-31 | 20.34 |
| 2022-09-30 | 23.89 |
| 2022-06-30 | 22.23 |
| 2022-03-31 | 12.36 |
| 2021-12-31 | 8.26 |
| 2021-09-30 | 6.28 |
| 2021-06-30 | 5.35 |
| 2021-03-31 | 8.51 |
| 2020-12-31 | 3.85 |
| 2020-09-30 | 4.27 |
| 2020-06-30 | 5.54 |
| 2020-03-31 | 5.16 |
| 2019-12-31 | 3.95 |
| 2019-09-30 | 3.31 |
| 2019-06-30 | 4.42 |
| 2019-03-31 | 5.37 |
| 2018-12-31 | 4.63 |
| 2018-09-30 | 7.37 |
| 2018-06-30 | 8.88 |
| 2018-03-31 | 5.03 |
| 2017-12-31 | 3.97 |
| 2017-09-30 | 10.52 |
| 2017-06-30 | 9.63 |
| 2017-03-31 | 11.55 |
| 2016-12-31 | 20.52 |
| 2016-09-30 | 18.71 |
| 2016-06-30 | 12.84 |
| 2016-03-31 | 12.90 |
| 2015-12-31 | 13.23 |
| 2015-09-30 | 19.41 |
| 2015-06-30 | 26.52 |
| 2015-03-31 | 18.66 |
| 2014-12-31 | 17.08 |
| 2014-09-30 | 15.53 |
| 2014-06-30 | 21.22 |
| 2014-03-31 | 28.02 |
| 2013-12-31 | 35.86 |
| 2013-09-30 | 22.78 |
| 2013-06-30 | 0.00 |
| 2013-03-31 | 28.53 |
| 2012-12-31 | 0.05 |
| 2012-09-30 | 0.09 |
| 2012-06-30 | 0.83 |
| 2012-03-31 | 3.72 |
| 2011-12-31 | 4.27 |