Basis: Trailing twelve months (TTM). 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 1.92 is 13% below its 5-year average of 2.19, near the low end of its 5-year range (0.13–12.09).
53.26% below its 12-month average of 4.10.
Reported quarterly quick ratio; no daily interpolation. Q4 FY2025 (2025-08-31): 12.09.
QUICK RATIO (ACID-TEST)
1.92
QUICK RATIO (ACID-TEST) AVG TTM
4.10
QUICK RATIO (ACID-TEST) AVG 3Y
3.46
QUICK RATIO (ACID-TEST) AVG 5Y
2.19
QUICK RATIO (ACID-TEST) AVG 10Y
1.55
QUICK RATIO (ACID-TEST) AVG 15Y
N/A
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
-53.26%
CURRENT VS 3Y AVG
-44.62%
CURRENT VS 5Y AVG
-12.62%
CURRENT VS 10Y AVG
+23.55%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
1.22
median of 113 covered companies
CURRENT VS SECTOR MEDIAN
+56.97%
vs the sector median at left
Nuveen California Quality Municipal Income Fund
Market Cap
$1.60B
Quick Ratio (Acid-Test)
1.92
TTM Avg
4.10
3Y Avg
3.46
5Y Avg
2.19
Market Cap
$884.02M
Quick Ratio (Acid-Test)
34.60
TTM Avg
0.56
3Y Avg
13.19
5Y Avg
14.96
Market Cap
$2.40B
Quick Ratio (Acid-Test)
3.24
TTM Avg
1.51
3Y Avg
3.39
5Y Avg
3.32
Market Cap
$2.42B
Quick Ratio (Acid-Test)
0.33
TTM Avg
0.55
3Y Avg
0.53
5Y Avg
0.61
Market Cap
$733.26M
Quick Ratio (Acid-Test)
0.00
TTM Avg
0.02
3Y Avg
0.12
5Y Avg
0.16
Market Cap
$718.81M
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$645.95M
Quick Ratio (Acid-Test)
0.07
TTM Avg
0.26
3Y Avg
0.26
5Y Avg
0.26
Market Cap
$562.76M
Quick Ratio (Acid-Test)
1.66
TTM Avg
2.14
3Y Avg
3.79
5Y Avg
3.93
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen California Quality Municipal Income Fund (NAC) | $1.60B | 1.92 | 4.10 | 3.46 | 2.19 |
| Lufax Holding Ltd (LU)vs › | $884.02M | 34.60 | 0.56 | 13.19 | 14.96 |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.40B | 3.24 | 1.51 | 3.39 | 3.32 |
| Inter & Co, Inc. (INTR)vs › | $2.42B | 0.33 | 0.55 | 0.53 | 0.61 |
| Washington Trust Bancorp, Inc. (WASH)vs › | $733.26M | 0.00 | 0.02 | 0.12 | 0.16 |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $718.81M | N/A | N/A | N/A | N/A |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $645.95M | 0.07 | 0.26 | 0.26 | 0.26 |
| Hypoport SE (HYPOF)vs › | $630.67M | 1.48 | 1.44 | 1.34 | 1.27 |
| Nuveen California AMT-Free Quality Municipal Income Fund (NKX)vs › | $562.76M | 1.66 | 2.14 | 3.79 | 3.93 |
| PIMCO California Municipal Income Fund (PCQ)vs › | $435.59M | 0.15 | 1.28 | 2.77 | 3.06 |
Quick Ratio
1.92
Excludes inventory
Current Ratio
12.09
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) |
|---|---|
| 2025-08-31 | 12.09 |
| 2025-08-31 | 1.92 |
| 2024-08-31 | 2.25 |
| 2024-08-31 | 0.13 |
| 2024-02-29 | 2.72 |
| 2023-08-31 | 2.21 |
| 2023-02-28 | 3.11 |
| 2022-08-31 | 3.23 |
| 2022-02-28 | 2.27 |
| 2021-08-31 | 3.75 |
| 2021-02-28 | 1.53 |
| 2020-08-31 | 0.98 |
| 2020-02-29 | 1.09 |
| 2019-08-31 | 1.03 |
| 2019-02-28 | 1.05 |
| 2018-08-31 | 1.26 |
| 2018-02-28 | 0.92 |
| 2017-08-31 | 0.87 |
| 2017-02-28 | 0.66 |
| 2016-08-31 | 0.47 |
| 2016-02-29 | 0.65 |
| 2015-08-31 | 0.46 |
| 2015-02-28 | 0.36 |
| 2014-08-31 | 0.42 |
| 2014-02-28 | 0.41 |
| 2013-08-31 | 0.49 |
| 2013-02-28 | 0.31 |
| 2012-08-31 | 0.33 |
