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 19.84 is 231% above its 5-year average of 5.99, near the high end of its 5-year range (0.14–19.84).
As of the fiscal period ended Tuesday, June 30, 2026. 30.12% above its 12-month average of 15.25.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 19.84.
QUICK RATIO (ACID-TEST)
19.84
QUICK RATIO (ACID-TEST) AVG TTM
15.25
QUICK RATIO (ACID-TEST) AVG 3Y
9.18
QUICK RATIO (ACID-TEST) AVG 5Y
5.99
QUICK RATIO (ACID-TEST) AVG 10Y
0.97
QUICK RATIO (ACID-TEST) AVG 15Y
N/A
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+30.12%
CURRENT VS 3Y AVG
+116.11%
CURRENT VS 5Y AVG
+231.45%
CURRENT VS 10Y AVG
+1954.59%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
1.73
median of 637 covered companies
CURRENT VS SECTOR MEDIAN
+1046.84%
vs the sector median at left
Phunware, Inc.
Market Cap
$41.71M
Quick Ratio (Acid-Test)
19.84
TTM Avg
15.25
3Y Avg
9.18
5Y Avg
5.99
Market Cap
$41.54M
Quick Ratio (Acid-Test)
5.22
TTM Avg
3.33
3Y Avg
2.22
5Y Avg
2.04
Market Cap
$41.30M
Quick Ratio (Acid-Test)
3.21
TTM Avg
1.17
3Y Avg
0.84
5Y Avg
1.20
Market Cap
$42.32M
Quick Ratio (Acid-Test)
35.56
TTM Avg
3.09
3Y Avg
4.19
5Y Avg
4.12
Market Cap
$43.62M
Quick Ratio (Acid-Test)
2.17
TTM Avg
4.09
3Y Avg
2.67
5Y Avg
2.67
Market Cap
$44.58M
Quick Ratio (Acid-Test)
0.68
TTM Avg
0.91
3Y Avg
0.89
5Y Avg
1.59
Market Cap
$44.71M
Quick Ratio (Acid-Test)
2.29
TTM Avg
2.52
3Y Avg
14.05
5Y Avg
11.34
Market Cap
$38.66M
Quick Ratio (Acid-Test)
0.28
TTM Avg
0.12
3Y Avg
0.22
5Y Avg
0.42
Market Cap
$44.96M
Quick Ratio (Acid-Test)
1.88
TTM Avg
2.41
3Y Avg
2.62
5Y Avg
2.52
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Phunware, Inc. (PHUN) | $41.71M | 19.84 | 15.25 | 9.18 | 5.99 |
| MIND Technology, Inc. (MIND)vs › | $41.54M | 5.22 | 3.33 | 2.22 | 2.04 |
| Blaize Holdings Inc. (BZAI)vs › | $41.30M | 3.21 | 1.17 | 0.84 | 1.20 |
| Pixelworks, Inc. (PXLW)vs › | $42.32M | 35.56 | 3.09 | 4.19 | 4.12 |
| Health In Tech, Inc. (HIT)vs › | $43.62M | 2.17 | 4.09 | 2.67 | 2.67 |
| Rekor Systems, Inc. (REKR)vs › | $44.58M | 0.68 | 0.91 | 0.89 | 1.59 |
| SAIHEAT Limited (SAIH)vs › | $44.71M | 2.29 | 2.52 | 14.05 | 11.34 |
| Brand Engagement Network, Inc. (BNAI)vs › | $38.66M | 0.28 | 0.12 | 0.22 | 0.42 |
| Freightos Limited Ordinary shares (CRGO)vs › | $44.96M | 1.88 | 2.41 | 2.62 | 2.52 |
| Aether Holdings, Inc. Common Stock (ATHR)vs › | $37.88M | 3.37 | 5.20 | 2.75 | 2.75 |
Quick Ratio
19.84
Excludes inventory
Current Ratio
19.84
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 | 19.84 |
| 2026-03-31 | 16.95 |
| 2025-12-31 | 5.03 |
| 2025-09-30 | 17.03 |
| 2025-06-30 | 17.40 |
| 2025-03-31 | 15.41 |
| 2024-12-31 | 17.63 |
| 2024-09-30 | 3.80 |
| 2024-06-30 | 2.82 |
| 2024-03-31 | 2.77 |
| 2023-12-31 | 0.30 |
| 2023-09-30 | 0.25 |
| 2023-06-30 | 0.14 |
| 2023-03-31 | 0.27 |
| 2022-12-31 | 0.55 |
| 2022-09-30 | 0.79 |
| 2022-06-30 | 0.82 |
| 2022-03-31 | 1.44 |
| 2021-12-31 | 1.89 |
| 2021-09-30 | 0.25 |
| 2021-06-30 | 0.35 |
| 2021-03-31 | 0.87 |
| 2020-12-31 | 0.19 |
| 2020-09-30 | 0.10 |
| 2020-06-30 | 0.08 |
| 2020-03-31 | 0.11 |
| 2019-12-31 | 0.12 |
| 2019-09-30 | 0.20 |
| 2019-06-30 | 0.26 |
| 2019-03-31 | 0.30 |
| 2018-12-31 | 0.24 |
| 2018-08-31 | 0.33 |
| 2018-05-31 | 0.48 |
| 2018-02-28 | 0.30 |
| 2017-11-30 | 0.45 |
| 2017-08-31 | 0.56 |
| 2017-05-31 | 3.91 |
| 2017-02-28 | 175.16 |