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 2.09 is 141% above its 5-year average of -5.13, near the high end of its 5-year range (-36.16–7.02).
As of the fiscal period ended Saturday, February 28, 2026. 44.88% below its 12-month average of 3.79.
Reported quarterly quick ratio; no daily interpolation. Q4 FY2025 (2026-02-28): 2.09.
QUICK RATIO (ACID-TEST)
2.09
QUICK RATIO (ACID-TEST) AVG TTM
3.79
QUICK RATIO (ACID-TEST) AVG 3Y
1.18
QUICK RATIO (ACID-TEST) AVG 5Y
-5.13
QUICK RATIO (ACID-TEST) AVG 10Y
2.92
QUICK RATIO (ACID-TEST) AVG 15Y
N/A
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
-44.88%
CURRENT VS 3Y AVG
+76.42%
CURRENT VS 5Y AVG
+140.66%
CURRENT VS 10Y AVG
-28.57%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
1.22
median of 113 covered companies
CURRENT VS SECTOR MEDIAN
+71.01%
vs the sector median at left
Invesco California Value Municipal Income Trust
Market Cap
$431.13M
Quick Ratio (Acid-Test)
2.09
TTM Avg
3.79
3Y Avg
1.18
5Y Avg
-5.13
Market Cap
$435.59M
Quick Ratio (Acid-Test)
0.15
TTM Avg
1.28
3Y Avg
2.77
5Y Avg
3.06
Market Cap
$311.37M
Quick Ratio (Acid-Test)
N/A
TTM Avg
0.28
3Y Avg
0.51
5Y Avg
0.50
Market Cap
$562.76M
Quick Ratio (Acid-Test)
1.66
TTM Avg
2.14
3Y Avg
3.79
5Y Avg
3.93
Market Cap
$279.52M
Quick Ratio (Acid-Test)
4.15
TTM Avg
0.13
3Y Avg
0.24
5Y Avg
0.28
Market Cap
$266.59M
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$645.95M
Quick Ratio (Acid-Test)
0.07
TTM Avg
0.26
3Y Avg
0.26
5Y Avg
0.26
Market Cap
$205.51M
Quick Ratio (Acid-Test)
1.14
TTM Avg
0.83
3Y Avg
0.80
5Y Avg
0.70
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Invesco California Value Municipal Income Trust (VCV) | $431.13M | 2.09 | 3.79 | 1.18 | -5.13 |
| PIMCO California Municipal Income Fund (PCQ)vs › | $435.59M | 0.15 | 1.28 | 2.77 | 3.06 |
| BlackRock Floating Rate Income Trust (BGT)vs › | $311.37M | N/A | 0.28 | 0.51 | 0.50 |
| Nuveen California AMT-Free Quality Municipal Income Fund (NKX)vs › | $562.76M | 1.66 | 2.14 | 3.79 | 3.93 |
| 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 |
| 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 |
| DeFi Technologies Inc. (DEFT)vs › | $205.51M | 1.14 | 0.83 | 0.80 | 0.70 |
| Astoria US Equal Weight Quality Kings ETF (ROE)vs › | $203.32M | N/A | N/A | N/A | N/A |
Quick Ratio
2.09
Excludes inventory
Current Ratio
2.09
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) |
|---|---|
| 2026-02-28 | 2.09 |
| 2025-08-31 | 2.98 |
| 2025-02-28 | 6.29 |
| 2024-08-31 | 0.68 |
| 2024-02-28 | 7.02 |
| 2023-08-31 | 5.73 |
| 2023-02-28 | -16.51 |
| 2022-08-31 | -4.17 |
| 2022-02-28 | -36.16 |
| 2021-08-31 | -24.93 |
| 2021-02-28 | 0.54 |
| 2020-08-31 | 3.17 |
| 2020-02-28 | 3.79 |
| 2019-08-31 | 12.61 |
| 2019-02-28 | 4.50 |
| 2018-08-31 | 4.69 |
| 2018-02-28 | 5.65 |
| 2017-08-31 | 1.21 |
| 2017-02-28 | 2.43 |
| 2016-08-31 | 1.15 |
| 2016-02-28 | 1.91 |
| 2015-08-31 | 2.11 |
| 2015-02-28 | 7.22 |
| 2014-08-31 | 2.36 |
| 2014-02-28 | 1.17 |
| 2013-08-31 | 2.12 |
| 2013-02-28 | 9.58 |
| 2012-08-31 | 5.06 |
