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 5.46 is 35% above its 2-year average of 4.05, near the high end of its 2-year range (1.76–7.02).
As of the fiscal period ended Tuesday, March 31, 2026. 8.21% above its 12-month average of 5.05.
Reported quarterly quick ratio; no daily interpolation. Q4 FY2026 (2026-03-31): 5.46.
QUICK RATIO (ACID-TEST)
5.46
QUICK RATIO (ACID-TEST) AVG TTM
5.05
QUICK RATIO (ACID-TEST) AVG 3Y
N/A
QUICK RATIO (ACID-TEST) AVG 5Y
N/A
QUICK RATIO (ACID-TEST) AVG 10Y
N/A
QUICK RATIO (ACID-TEST) AVG 15Y
N/A
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+8.21%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
1.37
median of 479 covered companies
CURRENT VS SECTOR MEDIAN
+298.65%
vs the sector median at left
Phoenix Asia Holdings Limited Ordinary Shares
Market Cap
$416.02M
Quick Ratio (Acid-Test)
5.46
TTM Avg
5.05
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$411.92M
Quick Ratio (Acid-Test)
0.84
TTM Avg
0.79
3Y Avg
0.84
5Y Avg
0.88
Market Cap
$422.09M
Quick Ratio (Acid-Test)
4.51
TTM Avg
8.48
3Y Avg
10.34
5Y Avg
8.11
Market Cap
$429.84M
Quick Ratio (Acid-Test)
0.66
TTM Avg
0.22
3Y Avg
0.33
5Y Avg
0.71
Market Cap
$398.91M
Quick Ratio (Acid-Test)
49.41
TTM Avg
32.80
3Y Avg
20.61
5Y Avg
15.23
Market Cap
$435.31M
Quick Ratio (Acid-Test)
2.61
TTM Avg
1.92
3Y Avg
1.49
5Y Avg
1.46
Market Cap
$439.21M
Quick Ratio (Acid-Test)
3.59
TTM Avg
2.35
3Y Avg
2.35
5Y Avg
2.35
Market Cap
$446.97M
Quick Ratio (Acid-Test)
1.20
TTM Avg
1.26
3Y Avg
1.37
5Y Avg
1.32
Market Cap
$383.19M
Quick Ratio (Acid-Test)
0.85
TTM Avg
0.83
3Y Avg
0.89
5Y Avg
1.16
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Phoenix Asia Holdings Limited Ordinary Shares (PHOE) | $416.02M | 5.46 | 5.05 | N/A | N/A |
| Twin Disc, Incorporated (TWIN)vs › | $411.92M | 0.84 | 0.79 | 0.84 | 0.88 |
| Acacia Research Corporation (ACTG)vs › | $422.09M | 4.51 | 8.48 | 10.34 | 8.11 |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD)vs › | $429.84M | 0.66 | 0.22 | 0.33 | 0.71 |
| Aduro Clean Technologies Inc. (ADUR)vs › | $398.91M | 49.41 | 32.80 | 20.61 | 15.23 |
| TAT Technologies Ltd. (TATT)vs › | $435.31M | 2.61 | 1.92 | 1.49 | 1.46 |
| Cardinal Infrastructure Group Inc. (CDNL)vs › | $439.21M | 3.59 | 2.35 | 2.35 | 2.35 |
| Universal Logistics Holdings, Inc. (ULH)vs › | $446.97M | 1.20 | 1.26 | 1.37 | 1.32 |
| Xerox Holdings Corporation (XRX)vs › | $383.19M | 0.85 | 0.83 | 0.89 | 1.16 |
| BUUU Group Ltd (BUUU)vs › | $452.60M | 1.12 | 1.63 | 1.63 | 1.63 |
Quick Ratio
5.46
Excludes inventory
Current Ratio
5.46
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 | 5.46 |
| 2025-12-31 | 5.46 |
| 2025-09-30 | 7.02 |
| 2025-03-31 | 2.24 |
| 2024-09-30 | 2.37 |
| 2024-03-31 | 1.76 |
