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 1.04 is in line with its 5-year average of 1.13, near the low end of its 5-year range (0.08–3.52).
As of the fiscal period ended Tuesday, June 30, 2026. 14.47% above its 12-month average of 0.91.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 1.04.
QUICK RATIO (ACID-TEST)
1.04
QUICK RATIO (ACID-TEST) AVG TTM
0.91
QUICK RATIO (ACID-TEST) AVG 3Y
1.15
QUICK RATIO (ACID-TEST) AVG 5Y
1.13
QUICK RATIO (ACID-TEST) AVG 10Y
1.43
QUICK RATIO (ACID-TEST) AVG 15Y
1.45
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+14.47%
CURRENT VS 3Y AVG
-9.32%
CURRENT VS 5Y AVG
-7.50%
CURRENT VS 10Y AVG
-26.91%
CURRENT VS 15Y AVG
-27.99%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · REAL ESTATE
0.78
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+32.89%
vs the sector median at left
Terreno Realty Corporation
Market Cap
$6.93B
Quick Ratio (Acid-Test)
1.04
TTM Avg
0.91
3Y Avg
1.15
5Y Avg
1.13
Market Cap
$8.08B
Quick Ratio (Acid-Test)
0.69
TTM Avg
0.79
3Y Avg
1.07
5Y Avg
1.51
Market Cap
$8.72B
Quick Ratio (Acid-Test)
0.14
TTM Avg
0.80
3Y Avg
0.82
5Y Avg
0.82
Market Cap
$8.77B
Quick Ratio (Acid-Test)
0.11
TTM Avg
0.42
3Y Avg
0.45
5Y Avg
0.48
Market Cap
$9.95B
Quick Ratio (Acid-Test)
1.47
TTM Avg
1.09
3Y Avg
1.17
5Y Avg
1.44
Market Cap
$3.67B
Quick Ratio (Acid-Test)
0.09
TTM Avg
0.37
3Y Avg
0.55
5Y Avg
0.50
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Terreno Realty Corporation (TRNO) | $6.93B | 1.04 | 0.91 | 1.15 | 1.13 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.08B | 0.69 | 0.79 | 1.07 | 1.51 |
| NNN REIT, Inc. (NNN)vs › | $8.40B | 0.66 | 1.03 | 0.65 | 4.82 |
| Agree Realty Corporation (ADC)vs › | $8.72B | 0.14 | 0.80 | 0.82 | 0.82 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.77B | 0.11 | 0.42 | 0.45 | 0.48 |
| CubeSmart (CUBE)vs › | $8.81B | 0.15 | 0.32 | 0.30 | 0.27 |
| Federal Realty Investment Trust (FRT)vs › | $9.95B | 1.47 | 1.09 | 1.17 | 1.44 |
| Apple Hospitality REIT, Inc. (APLE)vs › | $3.67B | 0.09 | 0.37 | 0.55 | 0.50 |
| BXP, Inc. (BXP)vs › | $10.25B | 0.94 | 2.42 | 3.05 | 3.25 |
| Fermi Inc. Common Stock (FRMI)vs › | $3.53B | N/A | 2.31 | 2.31 | 2.31 |
Quick Ratio
1.04
Excludes inventory
Current Ratio
1.04
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 | 1.04 |
| 2026-03-31 | 1.76 |
| 2025-12-31 | 0.08 |
| 2025-09-30 | 0.14 |
| 2025-06-30 | 1.53 |
| 2025-03-31 | 1.34 |
| 2024-12-31 | 0.12 |
| 2024-09-30 | 1.84 |
| 2024-06-30 | 1.09 |
| 2024-03-31 | 3.52 |
| 2023-12-31 | 2.20 |
| 2023-09-30 | 1.48 |
| 2023-06-30 | 1.18 |
| 2023-03-31 | 0.30 |
| 2022-12-31 | 0.94 |
| 2022-09-30 | 0.77 |
| 2022-06-30 | 0.67 |
| 2022-03-31 | 2.75 |
| 2021-12-31 | 3.45 |
| 2021-09-30 | 1.42 |
| 2021-06-30 | 0.76 |
| 2021-03-31 | 0.69 |
| 2020-12-31 | 2.00 |
| 2020-09-30 | 2.86 |
| 2020-06-30 | 3.43 |
| 2020-03-31 | 2.61 |
| 2019-12-31 | 2.24 |
| 2019-09-30 | 1.48 |
| 2019-06-30 | 2.81 |
| 2019-03-31 | 1.68 |
| 2018-12-31 | 1.26 |
| 2018-09-30 | 0.96 |
| 2018-06-30 | 1.81 |
| 2018-03-31 | 0.15 |
| 2017-12-31 | 0.95 |
| 2017-09-30 | 2.65 |
| 2017-06-30 | 0.53 |
| 2017-03-31 | 0.63 |
| 2016-12-31 | 0.21 |
| 2016-09-30 | 0.24 |
| 2016-06-30 | 0.94 |
| 2016-03-31 | 0.22 |
| 2015-12-31 | 1.16 |
| 2015-09-30 | 2.87 |
| 2015-06-30 | 2.06 |
| 2015-03-31 | 2.86 |
| 2014-12-31 | 12.51 |
| 2014-09-30 | 1.05 |
| 2014-06-30 | 2.93 |
| 2014-03-31 | 0.21 |
| 2013-12-31 | 0.41 |
| 2013-09-30 | 7.92 |
| 2013-06-30 | 2.23 |
| 2013-03-31 | 2.53 |
| 2012-12-31 | 0.17 |
| 2012-09-30 | 0.86 |
| 2012-06-30 | 1.22 |
| 2012-03-31 | 2.70 |
| 2011-12-31 | 0.89 |
| 2011-09-30 | 1.64 |
| 2011-06-30 | 0.93 |
| 2011-03-31 | 15.31 |
| 2010-12-31 | 23.61 |
| 2010-09-30 | 17.45 |
| 2010-06-30 | 197.45 |
| 2010-03-31 | 222.83 |
