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 0.84 is 21% above its 5-year average of 0.69, near the high end of its 5-year range (0.19–1.04).
As of the fiscal period ended Tuesday, March 31, 2026. 40.05% above its 12-month average of 0.60.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.84
QUICK RATIO (ACID-TEST) AVG TTM
0.60
QUICK RATIO (ACID-TEST) AVG 3Y
0.72
QUICK RATIO (ACID-TEST) AVG 5Y
0.69
QUICK RATIO (ACID-TEST) AVG 10Y
0.63
QUICK RATIO (ACID-TEST) AVG 15Y
0.66
QUICK RATIO (ACID-TEST) AVG 20Y
0.68
CURRENT VS TTM AVG
+40.05%
CURRENT VS 3Y AVG
+15.59%
CURRENT VS 5Y AVG
+21.12%
CURRENT VS 10Y AVG
+32.15%
CURRENT VS 15Y AVG
+26.53%
CURRENT VS 20Y AVG
+22.97%
SECTOR MEDIAN · REAL ESTATE
0.90
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-6.60%
vs the sector median at left
Simon Property Group, Inc.
Market Cap
$76.45B
Quick Ratio (Acid-Test)
0.84
TTM Avg
0.60
3Y Avg
0.72
5Y Avg
0.69
Market Cap
$72.18B
Quick Ratio (Acid-Test)
4.50
TTM Avg
2.81
3Y Avg
1.64
5Y Avg
1.19
Market Cap
$81.76B
Quick Ratio (Acid-Test)
0.63
TTM Avg
0.54
3Y Avg
0.51
5Y Avg
0.54
Market Cap
$61.37B
Quick Ratio (Acid-Test)
0.51
TTM Avg
1.09
3Y Avg
1.05
5Y Avg
1.35
Market Cap
$43.41B
Quick Ratio (Acid-Test)
1.09
TTM Avg
1.08
3Y Avg
1.09
5Y Avg
1.13
Market Cap
$37.26B
Quick Ratio (Acid-Test)
0.74
TTM Avg
0.65
3Y Avg
0.72
5Y Avg
0.71
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Simon Property Group, Inc. (SPG) | $76.45B | 0.84 | 0.60 | 0.72 | 0.69 |
| Digital Realty Trust, Inc. (DLR)vs › | $72.18B | 4.50 | 2.81 | 1.64 | 1.19 |
| American Tower Corporation (AMT)vs › | $81.76B | 0.63 | 0.54 | 0.51 | 0.54 |
| Realty Income Corporation (O)vs › | $61.37B | 0.51 | 1.09 | 1.05 | 1.35 |
| Public Storage (PSA)vs › | $58.56B | 0.75 | 0.76 | 0.91 | 0.97 |
| Equinix, Inc. (EQIX)vs › | $102.68B | 1.32 | 1.48 | 1.47 | 1.50 |
| Ventas, Inc. (VTR)vs › | $47.89B | 0.96 | 1.00 | 0.83 | 0.84 |
| CBRE Group, Inc. (CBRE)vs › | $43.41B | 1.09 | 1.08 | 1.09 | 1.13 |
| Iron Mountain Incorporated (IRM)vs › | $37.26B | 0.74 | 0.65 | 0.72 | 0.71 |
| Crown Castle Inc. (CCI)vs › | $33.93B | 0.26 | 0.38 | 0.40 | 0.47 |
Quick Ratio
0.84
Excludes inventory
Current Ratio
0.16
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 | 0.84 |
| 2025-12-31 | 0.19 |
| 2025-09-30 | 0.70 |
| 2025-06-30 | 0.59 |
| 2025-03-31 | 0.67 |
| 2024-12-31 | 0.83 |
| 2024-09-30 | 0.96 |
| 2024-06-30 | 0.99 |
| 2024-03-31 | 1.03 |
| 2023-12-31 | 1.04 |
| 2023-09-30 | 0.45 |
| 2023-06-30 | 0.48 |
| 2023-03-31 | 0.63 |
| 2022-12-31 | 0.66 |
| 2022-09-30 | 0.56 |
| 2022-06-30 | 0.56 |
| 2022-03-31 | 0.57 |
| 2021-12-31 | 0.67 |
| 2021-09-30 | 0.59 |
| 2021-06-30 | 0.78 |
| 2021-03-31 | 0.71 |
| 2020-12-31 | 0.68 |
| 2020-09-30 | 0.76 |
| 2020-06-30 | 1.47 |
| 2020-03-31 | 1.58 |
| 2019-12-31 | 0.47 |
| 2019-09-30 | 1.53 |
| 2019-06-30 | 0.44 |
| 2019-03-31 | 0.43 |
| 2018-12-31 | 0.63 |
| 2018-09-30 | 0.51 |
| 2018-06-30 | 0.51 |
| 2018-03-31 | 0.41 |
| 2017-12-31 | 1.05 |
| 2017-09-30 | 0.45 |
| 2017-06-30 | 0.44 |
| 2017-03-31 | 0.47 |
| 2016-12-31 | 0.65 |
| 2016-09-30 | 0.55 |
| 2016-06-30 | 0.57 |
| 2016-03-31 | 0.54 |
| 2015-12-31 | 0.64 |
| 2015-09-30 | 0.54 |
| 2015-06-30 | 0.43 |
| 2015-03-31 | 0.56 |
| 2014-12-31 | 0.64 |
| 2014-09-30 | 0.62 |
| 2014-06-30 | 0.95 |
| 2014-03-31 | 0.64 |
| 2013-12-31 | 1.13 |
| 2013-09-30 | 0.80 |
| 2013-06-30 | 0.75 |
| 2013-03-31 | 0.63 |
| 2012-12-31 | 1.03 |
| 2012-09-30 | 0.75 |
| 2012-06-30 | 0.50 |
| 2012-03-31 | 0.96 |
| 2011-12-31 | 1.53 |
| 2011-09-30 | 0.82 |
| 2011-06-30 | 0.63 |
| 2011-03-31 | 0.58 |
| 2010-12-31 | 1.04 |
| 2010-09-30 | 3.00 |
| 2010-06-30 | 4.06 |
| 2010-03-31 | 4.30 |
| 2009-12-31 | 3.11 |
| 2009-09-30 | 10.69 |
| 2009-06-30 | 2.26 |
| 2009-03-31 | 1.14 |
| 2008-12-31 | 1.04 |
| 2008-09-30 | 0.91 |
| 2008-06-30 | 0.83 |
| 2008-03-31 | 0.17 |
| 2007-12-31 | 1.05 |
| 2007-09-30 | 0.00 |
| 2007-06-30 | 0.00 |
| 2007-03-31 | 0.00 |
| 2006-12-31 | 1.05 |
| 2006-09-30 | 0.00 |
| 2006-06-30 | 0.00 |
| 2006-03-31 | 0.00 |
| 2005-12-31 | 0.26 |
| 2005-09-30 | 0.00 |
| 2005-06-30 | 0.00 |
| 2005-03-31 | 0.00 |
| 2004-12-31 | 0.31 |
| 2004-09-30 | 0.25 |
| 2004-06-30 | 0.00 |
| 2004-03-31 | 0.00 |
| 2003-12-31 | 0.40 |
| 2003-09-30 | 0.00 |
| 2003-06-30 | 0.00 |
| 2003-03-31 | 0.00 |
| 2002-12-31 | 1.50 |
| 2002-09-30 | 0.00 |
| 2002-06-30 | 0.01 |
