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 1.11 is 11% above its 5-year average of 1.00, around the middle of its 5-year range (0.48–1.47).
As of the fiscal period ended Tuesday, June 30, 2026. 7.21% below its 12-month average of 1.20.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.11
QUICK RATIO (ACID-TEST) AVG TTM
1.20
QUICK RATIO (ACID-TEST) AVG 3Y
0.98
QUICK RATIO (ACID-TEST) AVG 5Y
1.00
QUICK RATIO (ACID-TEST) AVG 10Y
1.05
QUICK RATIO (ACID-TEST) AVG 15Y
2.68
QUICK RATIO (ACID-TEST) AVG 20Y
3.60
CURRENT VS TTM AVG
-7.21%
CURRENT VS 3Y AVG
+13.39%
CURRENT VS 5Y AVG
+10.62%
CURRENT VS 10Y AVG
+6.07%
CURRENT VS 15Y AVG
-58.46%
CURRENT VS 20Y AVG
-69.10%
SECTOR MEDIAN · TECHNOLOGY
1.59
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
-30.09%
vs the sector median at left
Microchip Technology Incorporated
Market Cap
$39.55B
Quick Ratio (Acid-Test)
1.11
TTM Avg
1.20
3Y Avg
0.98
5Y Avg
1.00
Market Cap
$39.57B
Quick Ratio (Acid-Test)
1.04
TTM Avg
1.00
3Y Avg
0.90
5Y Avg
1.22
Market Cap
$39.57B
Quick Ratio (Acid-Test)
0.51
TTM Avg
0.42
3Y Avg
0.48
5Y Avg
0.56
Market Cap
$42.52B
Quick Ratio (Acid-Test)
5.46
TTM Avg
4.70
3Y Avg
4.39
5Y Avg
4.08
Market Cap
$43.80B
Quick Ratio (Acid-Test)
0.86
TTM Avg
0.77
3Y Avg
0.80
5Y Avg
0.79
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Microchip Technology Incorporated (MCHP) | $39.55B | 1.11 | 1.20 | 0.98 | 1.00 |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $39.57B | 1.04 | 1.00 | 0.90 | 1.22 |
| Roper Technologies, Inc. (ROP)vs › | $39.57B | 0.51 | 0.42 | 0.48 | 0.56 |
| Celestica Inc. (CLS)vs › | $38.51B | 0.68 | 0.90 | 0.80 | 0.83 |
| Veeva Systems Inc. (VEEV)vs › | $42.52B | 5.46 | 4.70 | 4.39 | 4.08 |
| NetApp, Inc. (NTAP)vs › | $36.43B | 1.16 | 1.30 | 1.26 | 1.37 |
| Autodesk, Inc. (ADSK)vs › | $43.80B | 0.86 | 0.77 | 0.80 | 0.79 |
| Strategy Inc (MSTR)vs › | $44.22B | 5.39 | 3.17 | 2.00 | 1.63 |
| Twilio Inc. (TWLO)vs › | $34.48B | 4.62 | 4.12 | 5.26 | 6.17 |
| Jabil Inc. (JBL)vs › | $32.96B | 0.66 | 0.69 | 0.68 | 0.66 |
Quick Ratio
1.11
Excludes inventory
Current Ratio
1.92
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 | 1.11 |
| 2026-03-31 | 1.18 |
| 2025-12-31 | 1.16 |
| 2025-09-30 | 1.20 |
| 2025-06-30 | 1.33 |
| 2025-03-31 | 1.47 |
| 2024-12-31 | 1.23 |
| 2024-09-30 | 0.48 |
| 2024-06-30 | 1.08 |
| 2024-03-31 | 0.67 |
| 2023-12-31 | 0.58 |
| 2023-09-30 | 0.64 |
| 2023-06-30 | 0.60 |
| 2023-03-31 | 0.56 |
| 2022-12-31 | 1.04 |
| 2022-09-30 | 0.65 |
| 2022-06-30 | 1.17 |
| 2022-03-31 | 1.14 |
| 2021-12-31 | 1.18 |
| 2021-09-30 | 1.28 |
| 2021-06-30 | 1.35 |
| 2021-03-31 | 0.61 |
| 2020-12-31 | 0.59 |
| 2020-09-30 | 0.74 |
| 2020-06-30 | 0.57 |
| 2020-03-31 | 0.94 |
| 2019-12-31 | 0.60 |
| 2019-09-30 | 0.60 |
| 2019-06-30 | 0.63 |
| 2019-03-31 | 0.63 |
| 2018-12-31 | 1.83 |
| 2018-09-30 | 0.64 |
| 2018-06-30 | 0.80 |
| 2018-03-31 | 1.43 |
| 2017-12-31 | 2.33 |
| 2017-09-30 | 2.71 |
| 2017-06-30 | 2.54 |
| 2017-03-31 | 2.68 |
| 2016-12-31 | 1.93 |
| 2016-09-30 | 1.84 |
| 2016-06-30 | 2.01 |
| 2016-03-31 | 7.30 |
| 2015-12-31 | 3.82 |
| 2015-09-30 | 6.50 |
| 2015-06-30 | 5.24 |
| 2015-03-31 | 6.74 |
| 2014-12-31 | 4.27 |
| 2014-09-30 | 4.42 |
| 2014-06-30 | 6.08 |
| 2014-03-31 | 5.08 |
| 2013-12-31 | 5.36 |
| 2013-09-30 | 4.56 |
| 2013-06-30 | 3.87 |
| 2013-03-31 | 5.84 |
| 2012-12-31 | 6.87 |
| 2012-09-30 | 6.14 |
| 2012-06-30 | 8.03 |
| 2012-03-31 | 7.26 |
| 2011-12-31 | 6.49 |
| 2011-09-30 | 5.85 |
| 2011-06-30 | 5.77 |
| 2011-03-31 | 4.68 |
| 2010-12-31 | 5.20 |
| 2010-09-30 | 5.64 |
| 2010-06-30 | 6.05 |
| 2010-03-31 | 7.35 |
| 2009-12-31 | 7.18 |
| 2009-09-30 | 9.50 |
| 2009-06-30 | 11.04 |
| 2009-03-31 | 10.35 |
| 2008-12-31 | 9.13 |
| 2008-09-30 | 6.14 |
| 2008-06-30 | 6.71 |
| 2008-03-31 | 8.34 |
| 2007-12-31 | 9.46 |
| 2007-09-30 | 6.01 |
| 2007-06-30 | 5.16 |
| 2007-03-31 | 3.77 |
| 2006-12-31 | 2.52 |
| 2006-09-30 | 1.95 |
| 2006-06-30 | 2.00 |
| 2006-03-31 | 1.65 |
| 2005-12-31 | 3.52 |
| 2005-09-30 | 3.46 |
| 2005-06-30 | 3.34 |
| 2005-03-31 | 3.17 |
| 2004-12-31 | 3.24 |
| 2004-09-30 | 3.06 |
| 2004-06-30 | 3.18 |
| 2004-03-31 | 2.92 |
| 2003-12-31 | 3.18 |
| 2003-09-30 | 2.95 |
| 2003-06-30 | 2.64 |
| 2003-03-31 | 2.36 |
| 2002-12-31 | 2.50 |
| 2002-09-30 | 2.31 |