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 1.66 is 48% below its 5-year average of 3.18, near the low end of its 5-year range (0.29–10.51).
As of the fiscal period ended Sunday, August 31, 2025. 31.47% above its 12-month average of 1.26.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2025 (2025-08-31): 1.66.
QUICK RATIO (ACID-TEST)
1.66
QUICK RATIO (ACID-TEST) AVG TTM
1.26
QUICK RATIO (ACID-TEST) AVG 3Y
2.74
QUICK RATIO (ACID-TEST) AVG 5Y
3.18
QUICK RATIO (ACID-TEST) AVG 10Y
3.82
QUICK RATIO (ACID-TEST) AVG 15Y
4.08
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+31.47%
CURRENT VS 3Y AVG
-39.40%
CURRENT VS 5Y AVG
-47.76%
CURRENT VS 10Y AVG
-56.48%
CURRENT VS 15Y AVG
-59.33%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
1.22
median of 113 covered companies
CURRENT VS SECTOR MEDIAN
+36.12%
vs the sector median at left
Nuveen California AMT-Free Quality Municipal Income Fund
Market Cap
$562.76M
Quick Ratio (Acid-Test)
1.66
TTM Avg
1.26
3Y Avg
2.74
5Y Avg
3.18
Market Cap
$645.95M
Quick Ratio (Acid-Test)
0.07
TTM Avg
0.26
3Y Avg
0.26
5Y Avg
0.26
Market Cap
$435.59M
Quick Ratio (Acid-Test)
0.15
TTM Avg
1.28
3Y Avg
2.77
5Y Avg
3.06
Market Cap
$431.13M
Quick Ratio (Acid-Test)
2.09
TTM Avg
4.19
3Y Avg
4.12
5Y Avg
4.12
Market Cap
$718.81M
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$733.26M
Quick Ratio (Acid-Test)
0.00
TTM Avg
0.02
3Y Avg
0.12
5Y Avg
0.16
Market Cap
$311.37M
Quick Ratio (Acid-Test)
N/A
TTM Avg
0.28
3Y Avg
0.51
5Y Avg
0.50
Market Cap
$279.52M
Quick Ratio (Acid-Test)
4.15
TTM Avg
0.13
3Y Avg
0.24
5Y Avg
0.28
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen California AMT-Free Quality Municipal Income Fund (NKX) | $562.76M | 1.66 | 1.26 | 2.74 | 3.18 |
| Hypoport SE (HYPOF)vs › | $630.67M | 1.48 | 1.44 | 1.34 | 1.27 |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $645.95M | 0.07 | 0.26 | 0.26 | 0.26 |
| PIMCO California Municipal Income Fund (PCQ)vs › | $435.59M | 0.15 | 1.28 | 2.77 | 3.06 |
| Invesco California Value Municipal Income Trust (VCV)vs › | $431.13M | 2.09 | 4.19 | 4.12 | 4.12 |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $718.81M | N/A | N/A | N/A | N/A |
| Washington Trust Bancorp, Inc. (WASH)vs › | $733.26M | 0.00 | 0.02 | 0.12 | 0.16 |
| BlackRock Floating Rate Income Trust (BGT)vs › | $311.37M | N/A | 0.28 | 0.51 | 0.50 |
| Isabella Bank Corporation (ISBA)vs › | $279.52M | 4.15 | 0.13 | 0.24 | 0.28 |
| Thunder Bridge Capital Partners V L (TBCVU)vs › | $266.59M | N/A | N/A | N/A | N/A |
Quick Ratio
1.66
Excludes inventory
Current Ratio
1.66
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 | 1.66 |
| 2025-02-28 | 2.74 |
| 2024-11-30 | 0.29 |
| 2024-08-31 | 0.36 |
| 2024-05-31 | 0.36 |
| 2024-02-29 | 4.32 |
| 2023-11-30 | 0.29 |
| 2023-08-31 | 9.64 |
| 2023-05-31 | 0.50 |
| 2023-02-28 | 6.56 |
| 2022-11-30 | 0.41 |
| 2022-08-31 | 5.75 |
| 2022-05-31 | 0.58 |
| 2022-02-28 | 6.07 |
| 2021-11-30 | 0.54 |
| 2021-08-31 | 10.51 |
| 2021-05-31 | 1.11 |
| 2021-02-28 | 2.34 |
| 2020-11-30 | 0.64 |
| 2020-08-31 | 8.91 |
| 2020-05-31 | 0.67 |
| 2020-02-29 | 7.03 |
| 2019-11-30 | 0.68 |
| 2019-08-31 | 6.24 |
| 2019-05-31 | 0.62 |
| 2019-02-28 | 8.00 |
| 2018-11-30 | 0.77 |
| 2018-08-31 | 5.68 |
| 2018-05-31 | 0.57 |
| 2018-02-28 | 2.68 |
| 2017-11-30 | 0.61 |
| 2017-08-31 | 12.29 |
| 2017-05-31 | 9.33 |
| 2017-02-28 | 3.25 |
| 2016-11-30 | 2.36 |
| 2016-08-31 | 5.62 |
| 2016-05-31 | 4.15 |
| 2016-02-29 | 8.27 |
| 2015-11-30 | 2.50 |
| 2015-08-31 | 7.72 |
| 2015-05-31 | 1.32 |
| 2015-02-28 | 7.12 |
| 2014-11-30 | 1.90 |
| 2014-08-31 | 6.58 |
| 2014-05-31 | 1.33 |
| 2014-02-28 | 7.49 |
| 2013-11-30 | 2.17 |
| 2013-08-31 | 4.87 |
| 2013-05-31 | 1.84 |
| 2013-02-28 | 4.20 |
| 2012-11-30 | 0.37 |
| 2012-08-31 | 7.86 |
| 2012-05-31 | 0.79 |
| 2012-02-29 | 4.62 |
| 2011-08-31 | 12.10 |
| 2011-02-28 | 5.89 |
| 2010-08-31 | 9.62 |
