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 33.99 is 38% above its 5-year average of 24.62, near the high end of its 5-year range (12.48–36.45).
As of the fiscal period ended Tuesday, March 31, 2026. 25.82% above its 12-month average of 27.01.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
33.99
QUICK RATIO (ACID-TEST) AVG TTM
27.01
QUICK RATIO (ACID-TEST) AVG 3Y
25.42
QUICK RATIO (ACID-TEST) AVG 5Y
24.62
QUICK RATIO (ACID-TEST) AVG 10Y
16.41
QUICK RATIO (ACID-TEST) AVG 15Y
15.37
QUICK RATIO (ACID-TEST) AVG 20Y
12.26
CURRENT VS TTM AVG
+25.82%
CURRENT VS 3Y AVG
+33.71%
CURRENT VS 5Y AVG
+38.05%
CURRENT VS 10Y AVG
+107.12%
CURRENT VS 15Y AVG
+121.16%
CURRENT VS 20Y AVG
+177.33%
SECTOR MEDIAN · BASIC MATERIALS
1.16
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+2830.11%
vs the sector median at left
Lightwave Logic, Inc.
Market Cap
$1.25B
Quick Ratio (Acid-Test)
33.99
TTM Avg
27.01
3Y Avg
25.42
5Y Avg
24.62
Market Cap
$4.92B
Quick Ratio (Acid-Test)
1.79
TTM Avg
1.39
3Y Avg
1.35
5Y Avg
1.44
Market Cap
$7.33B
Quick Ratio (Acid-Test)
0.43
TTM Avg
0.47
3Y Avg
0.51
5Y Avg
0.53
Market Cap
$8.04B
Quick Ratio (Acid-Test)
1.09
TTM Avg
1.13
3Y Avg
1.12
5Y Avg
1.15
Market Cap
$9.07B
Quick Ratio (Acid-Test)
2.38
TTM Avg
2.27
3Y Avg
2.10
5Y Avg
2.26
Market Cap
$9.10B
Quick Ratio (Acid-Test)
8.56
TTM Avg
6.15
3Y Avg
8.63
5Y Avg
11.27
Market Cap
$9.68B
Quick Ratio (Acid-Test)
1.08
TTM Avg
1.09
3Y Avg
1.12
5Y Avg
1.12
Market Cap
$12.42B
Quick Ratio (Acid-Test)
0.75
TTM Avg
1.06
3Y Avg
1.20
5Y Avg
1.12
Market Cap
$13.24B
Quick Ratio (Acid-Test)
0.92
TTM Avg
0.86
3Y Avg
0.85
5Y Avg
0.92
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Lightwave Logic, Inc. (LWLG) | $1.25B | 33.99 | 27.01 | 25.42 | 24.62 |
| Griffon Corporation (GFF)vs › | $4.92B | 1.79 | 1.39 | 1.35 | 1.44 |
| The Mosaic Company (MOS)vs › | $7.33B | 0.43 | 0.47 | 0.51 | 0.53 |
| Builders FirstSource, Inc. (BLDR)vs › | $8.04B | 1.09 | 1.13 | 1.12 | 1.15 |
| First Majestic Silver Corp. (AG)vs › | $9.07B | 2.38 | 2.27 | 2.10 | 2.26 |
| MP Materials Corp. (MP)vs › | $9.10B | 8.56 | 6.15 | 8.63 | 11.27 |
| Solstice Advanced Materials Inc. (SOLS)vs › | $9.68B | 1.08 | 1.09 | 1.12 | 1.12 |
| United States Steel Corporation (X)vs › | $12.42B | 0.75 | 1.06 | 1.20 | 1.12 |
| Alcoa Corporation (AA)vs › | $13.24B | 0.92 | 0.86 | 0.85 | 0.92 |
| RPM International Inc. (RPM)vs › | $14.99B | 1.16 | 1.30 | 1.33 | 1.27 |
Quick Ratio
33.99
Excludes inventory
Current Ratio
33.99
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) |
|---|---|
| 2026-03-31 | 33.99 |
| 2025-12-31 | 32.69 |
| 2025-09-30 | 31.06 |
| 2025-06-30 | 20.72 |
| 2025-03-31 | 16.62 |
| 2024-12-31 | 15.75 |
| 2024-09-30 | 24.48 |
| 2024-06-30 | 20.08 |
| 2024-03-31 | 17.76 |
| 2023-12-31 | 12.48 |
| 2023-09-30 | 36.03 |
| 2023-06-30 | 36.45 |
| 2023-03-31 | 32.36 |
| 2022-12-31 | 16.86 |
| 2022-09-30 | 24.11 |
| 2022-06-30 | 35.38 |
| 2022-03-31 | 28.92 |
| 2021-12-31 | 14.92 |
| 2021-09-30 | 19.09 |
| 2021-06-30 | 29.43 |
| 2021-03-31 | 17.86 |
| 2020-12-31 | 4.15 |
| 2020-09-30 | 2.35 |
| 2020-06-30 | 2.42 |
| 2020-03-31 | 2.75 |
| 2019-12-31 | 2.61 |
| 2019-09-30 | 2.79 |
| 2019-06-30 | 3.06 |
| 2019-03-31 | 7.84 |
| 2018-12-31 | 7.30 |
| 2018-09-30 | 6.02 |
| 2018-06-30 | 3.63 |
| 2018-03-31 | 4.28 |
| 2017-12-31 | 6.27 |
| 2017-09-30 | 9.98 |
| 2017-06-30 | 6.63 |
| 2017-03-31 | 11.32 |
| 2016-12-31 | 16.37 |
| 2016-09-30 | 11.58 |
| 2016-06-30 | 20.10 |
| 2016-03-31 | 24.32 |
| 2015-12-31 | 38.80 |
| 2015-09-30 | 14.46 |
| 2015-06-30 | 21.28 |
| 2015-03-31 | 7.19 |
| 2014-12-31 | 14.85 |
| 2014-09-30 | 8.73 |
| 2014-06-30 | 16.96 |
| 2014-03-31 | 6.53 |
| 2013-12-31 | 19.67 |
| 2013-09-30 | 7.21 |
| 2013-06-30 | 16.28 |
| 2013-03-31 | 16.09 |
| 2012-12-31 | 19.49 |
| 2012-09-30 | 12.18 |
| 2012-06-30 | 18.02 |
| 2012-03-31 | 16.30 |
| 2011-12-31 | 1.68 |
| 2011-09-30 | 2.63 |
| 2011-06-30 | 2.03 |
| 2011-03-31 | 4.29 |
| 2010-12-31 | 8.86 |
| 2010-09-30 | 3.38 |
| 2010-06-30 | 1.27 |
| 2010-03-31 | 1.00 |
| 2009-12-31 | 3.90 |
| 2009-09-30 | 5.39 |
| 2009-06-30 | 13.05 |
| 2009-03-31 | 2.81 |
| 2008-12-31 | 0.60 |
| 2008-09-30 | 1.05 |
| 2008-06-30 | 1.96 |
| 2008-03-31 | 1.03 |
| 2007-12-31 | 2.72 |
| 2007-09-30 | 1.09 |
| 2007-06-30 | 2.30 |
| 2007-03-31 | 2.14 |
| 2006-12-31 | 2.67 |
| 2006-09-30 | 0.00 |
| 2006-06-30 | 0.00 |
| 2006-03-31 | 0.00 |
