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 1.21 is 25% below its 5-year average of 1.61, near the low end of its 5-year range (0.85–2.94).
As of the fiscal period ended Tuesday, March 31, 2026. 7.67% above its 12-month average of 1.12.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.21
QUICK RATIO (ACID-TEST) AVG TTM
1.12
QUICK RATIO (ACID-TEST) AVG 3Y
1.19
QUICK RATIO (ACID-TEST) AVG 5Y
1.40
QUICK RATIO (ACID-TEST) AVG 10Y
1.87
QUICK RATIO (ACID-TEST) AVG 15Y
1.55
QUICK RATIO (ACID-TEST) AVG 20Y
1.37
CURRENT VS TTM AVG
+7.67%
CURRENT VS 3Y AVG
+1.65%
CURRENT VS 5Y AVG
-13.93%
CURRENT VS 10Y AVG
-35.25%
CURRENT VS 15Y AVG
-21.98%
CURRENT VS 20Y AVG
-11.67%
SECTOR MEDIAN · BASIC MATERIALS
1.19
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+1.10%
vs the sector median at left
Air Products and Chemicals, Inc.
Market Cap
$66.33B
Quick Ratio (Acid-Test)
1.21
TTM Avg
1.12
3Y Avg
1.19
5Y Avg
1.40
Market Cap
$62.20B
Quick Ratio (Acid-Test)
2.33
TTM Avg
2.24
3Y Avg
2.25
5Y Avg
2.49
Market Cap
$56.38B
Quick Ratio (Acid-Test)
1.57
TTM Avg
1.52
3Y Avg
1.88
5Y Avg
1.85
Market Cap
$78.31B
Quick Ratio (Acid-Test)
0.53
TTM Avg
0.49
3Y Avg
0.51
5Y Avg
0.53
Market Cap
$50.63B
Quick Ratio (Acid-Test)
7.78
TTM Avg
17.93
3Y Avg
20.16
5Y Avg
15.88
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air Products and Chemicals, Inc. (APD) | $66.33B | 1.21 | 1.12 | 1.19 | 1.40 |
| CRH plc (CRH)vs › | $66.73B | 1.14 | 1.02 | 1.16 | 1.27 |
| Vale S.A. (VALE)vs › | $63.07B | 0.78 | 0.73 | 0.80 | 0.96 |
| Barrick Mining Corporation (B)vs › | $62.20B | 2.33 | 2.24 | 2.25 | 2.49 |
| Corteva, Inc. (CTVA)vs › | $59.69B | 0.96 | 0.95 | 0.93 | 0.99 |
| Ecolab Inc. (ECL)vs › | $75.64B | 0.81 | 0.88 | 0.90 | 0.97 |
| Nucor Corporation (NUE)vs › | $56.38B | 1.57 | 1.52 | 1.88 | 1.85 |
| The Sherwin-Williams Company (SHW)vs › | $78.31B | 0.53 | 0.49 | 0.51 | 0.53 |
| Wheaton Precious Metals Corp. (WPM)vs › | $50.63B | 7.78 | 17.93 | 20.16 | 15.88 |
| Freeport-McMoRan Inc. (FCX)vs › | $90.02B | 1.05 | 1.11 | 1.31 | 1.43 |
Quick Ratio
1.21
Excludes inventory
Current Ratio
1.38
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 | 1.21 |
| 2025-12-31 | 1.23 |
| 2025-09-30 | 1.20 |
| 2025-06-30 | 1.12 |
| 2025-03-31 | 0.85 |
| 2024-12-31 | 0.96 |
| 2024-09-30 | 1.34 |
| 2024-06-30 | 1.10 |
| 2024-03-31 | 1.31 |
| 2023-12-31 | 1.58 |
| 2023-09-30 | 1.17 |
| 2023-06-30 | 1.19 |
| 2023-03-31 | 1.81 |
| 2022-12-31 | 1.74 |
| 2022-09-30 | 1.66 |
| 2022-06-30 | 1.72 |
| 2022-03-31 | 1.79 |
| 2021-12-31 | 2.28 |
| 2021-09-30 | 2.83 |
| 2021-06-30 | 2.94 |
| 2021-03-31 | 2.76 |
| 2020-12-31 | 2.81 |
| 2020-09-30 | 3.43 |
| 2020-06-30 | 3.32 |
| 2020-03-31 | 2.37 |
| 2019-12-31 | 2.37 |
| 2019-09-30 | 2.32 |
| 2019-06-30 | 2.09 |
| 2019-03-31 | 2.16 |
| 2018-12-31 | 2.03 |
| 2018-09-30 | 2.00 |
| 2018-06-30 | 2.24 |
| 2018-03-31 | 2.89 |
| 2017-12-31 | 2.73 |
| 2017-09-30 | 2.23 |
| 2017-06-30 | 2.08 |
| 2017-03-31 | 1.91 |
| 2016-12-31 | 1.10 |
| 2016-09-30 | 1.24 |
| 2016-06-30 | 0.76 |
| 2016-03-31 | 0.62 |
| 2015-12-31 | 0.59 |
| 2015-09-30 | 0.59 |
| 2015-06-30 | 0.83 |
| 2015-03-31 | 0.79 |
| 2014-12-31 | 0.81 |
| 2014-09-30 | 0.87 |
| 2014-06-30 | 0.84 |
| 2014-03-31 | 0.85 |
| 2013-12-31 | 0.84 |
| 2013-09-30 | 0.85 |
| 2013-06-30 | 0.83 |
| 2013-03-31 | 0.82 |
| 2012-12-31 | 0.95 |
| 2012-09-30 | 0.98 |
| 2012-06-30 | 1.09 |
| 2012-03-31 | 1.04 |
| 2011-12-31 | 1.06 |
| 2011-09-30 | 1.07 |
| 2011-06-30 | 1.25 |
| 2011-03-31 | 1.02 |
| 2010-12-31 | 1.10 |
| 2010-09-30 | 1.10 |
| 2010-06-30 | 1.06 |
| 2010-03-31 | 0.94 |
| 2009-12-31 | 0.99 |
| 2009-09-30 | 0.99 |
| 2009-06-30 | 1.09 |
| 2009-03-31 | 1.05 |
| 2008-12-31 | 0.98 |
| 2008-09-30 | 0.99 |
| 2008-06-30 | 1.22 |
| 2008-03-31 | 1.00 |
| 2007-12-31 | 1.05 |
| 2007-09-30 | 0.98 |
| 2007-06-30 | 0.91 |
| 2007-03-31 | 1.05 |
| 2006-12-31 | 0.88 |
| 2006-09-30 | 0.91 |
| 2006-06-30 | 0.99 |
| 2006-03-31 | 1.05 |
| 2005-12-31 | 1.10 |
| 2005-09-30 | 0.97 |
| 2005-06-30 | 1.05 |
| 2005-03-31 | 1.22 |
| 2004-12-31 | 1.16 |
| 2004-09-30 | 1.12 |
| 2004-06-30 | 1.09 |
| 2004-03-31 | 0.95 |
| 2003-12-31 | 1.19 |
| 2003-09-30 | 1.00 |
| 2003-06-30 | 1.35 |
| 2003-03-31 | 1.12 |
| 2002-12-31 | 1.09 |
| 2002-09-30 | 1.21 |
| 2002-06-30 | 1.27 |
