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 19% above its 5-year average of 4.57, around the middle of its 5-year range (3.70–7.53).
As of the fiscal period ended Friday, July 31, 2026. 3.17% below its 12-month average of 5.64.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
5.46
QUICK RATIO (ACID-TEST) AVG TTM
5.64
QUICK RATIO (ACID-TEST) AVG 3Y
4.97
QUICK RATIO (ACID-TEST) AVG 5Y
4.57
QUICK RATIO (ACID-TEST) AVG 10Y
4.14
QUICK RATIO (ACID-TEST) AVG 15Y
3.91
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
-3.17%
CURRENT VS 3Y AVG
+9.76%
CURRENT VS 5Y AVG
+19.37%
CURRENT VS 10Y AVG
+31.84%
CURRENT VS 15Y AVG
+39.56%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
1.59
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+243.26%
vs the sector median at left
Veeva Systems Inc.
Market Cap
$43.02B
Quick Ratio (Acid-Test)
5.46
TTM Avg
5.64
3Y Avg
4.97
5Y Avg
4.57
Market Cap
$44.81B
Quick Ratio (Acid-Test)
0.86
TTM Avg
0.77
3Y Avg
0.80
5Y Avg
0.79
Market Cap
$39.93B
Quick Ratio (Acid-Test)
0.51
TTM Avg
0.42
3Y Avg
0.48
5Y Avg
0.56
Market Cap
$39.88B
Quick Ratio (Acid-Test)
1.04
TTM Avg
1.00
3Y Avg
0.90
5Y Avg
1.22
Market Cap
$39.85B
Quick Ratio (Acid-Test)
1.11
TTM Avg
1.32
3Y Avg
0.97
5Y Avg
0.94
Market Cap
$46.34B
Quick Ratio (Acid-Test)
0.78
TTM Avg
1.00
3Y Avg
1.13
5Y Avg
1.07
Market Cap
$46.39B
Quick Ratio (Acid-Test)
2.08
TTM Avg
2.40
3Y Avg
2.28
5Y Avg
2.17
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Veeva Systems Inc. (VEEV) | $43.02B | 5.46 | 5.64 | 4.97 | 4.57 |
| Autodesk, Inc. (ADSK)vs › | $44.81B | 0.86 | 0.77 | 0.80 | 0.79 |
| Strategy Inc (MSTR)vs › | $45.16B | 5.39 | 3.17 | 2.00 | 1.63 |
| Roper Technologies, Inc. (ROP)vs › | $39.93B | 0.51 | 0.42 | 0.48 | 0.56 |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $39.88B | 1.04 | 1.00 | 0.90 | 1.22 |
| Microchip Technology Incorporated (MCHP)vs › | $39.85B | 1.11 | 1.32 | 0.97 | 0.94 |
| Atlassian Corporation (TEAM)vs › | $46.34B | 0.78 | 1.00 | 1.13 | 1.07 |
| STMicroelectronics N.V. (STM)vs › | $46.39B | 2.08 | 2.40 | 2.28 | 2.17 |
| Block, Inc. (XYZ)vs › | $47.67B | 2.19 | 2.25 | 2.08 | 2.02 |
| Celestica Inc. (CLS)vs › | $37.94B | 0.68 | 0.90 | 0.80 | 0.83 |
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) |
|---|---|
| 2026-07-31 | 5.46 |
| 2026-04-30 | 4.74 |
| 2026-01-31 | 4.89 |
| 2025-10-31 | 7.53 |
| 2025-07-31 | 5.57 |
| 2025-04-30 | 4.60 |
| 2025-01-31 | 4.51 |
| 2024-10-31 | 6.36 |
| 2024-07-31 | 5.01 |
| 2024-04-30 | 4.29 |
| 2024-01-31 | 4.24 |
| 2023-10-31 | 5.64 |
| 2023-07-31 | 4.35 |
| 2023-04-30 | 4.16 |
| 2023-01-31 | 3.94 |
| 2022-10-31 | 4.91 |
| 2022-07-31 | 4.20 |
| 2022-04-30 | 3.73 |
| 2022-01-31 | 3.70 |
| 2021-10-31 | 4.95 |
| 2021-07-31 | 3.97 |
| 2021-04-30 | 3.52 |
| 2021-01-31 | 3.23 |
| 2020-10-31 | 4.44 |
| 2020-07-31 | 3.56 |
| 2020-04-30 | 3.04 |
| 2020-01-31 | 2.78 |
| 2019-10-31 | 5.40 |
| 2019-07-31 | 4.23 |
| 2019-04-30 | 3.73 |
| 2019-01-31 | 3.57 |
| 2018-10-31 | 5.00 |
| 2018-07-31 | 3.91 |
| 2018-04-30 | 3.38 |
| 2018-01-31 | 3.20 |
| 2017-10-31 | 3.95 |
| 2017-07-31 | 3.26 |
| 2017-04-30 | 2.93 |
| 2017-01-31 | 2.88 |
| 2016-10-31 | 3.52 |
| 2016-07-31 | 2.82 |
| 2016-04-30 | 2.65 |
| 2016-01-31 | 2.69 |
| 2015-10-31 | 3.10 |
| 2015-07-31 | 3.85 |
| 2015-04-30 | 3.72 |
| 2015-01-31 | 3.70 |
| 2014-10-31 | 4.15 |
| 2014-07-31 | 4.10 |
| 2014-04-30 | 4.14 |
| 2014-01-31 | 4.06 |
| 2013-10-31 | 4.68 |
| 2013-07-31 | 1.57 |
| 2013-04-30 | 1.62 |
| 2013-01-31 | 1.58 |
| 2012-10-31 | 0.00 |