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 4.32 is 52% above its 5-year average of 2.84, around the middle of its 5-year range (1.38–6.03).
As of the fiscal period ended Tuesday, June 30, 2026. 41.77% above its 12-month average of 3.05.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 4.32.
QUICK RATIO (ACID-TEST)
4.32
QUICK RATIO (ACID-TEST) AVG TTM
3.05
QUICK RATIO (ACID-TEST) AVG 3Y
3.39
QUICK RATIO (ACID-TEST) AVG 5Y
2.84
QUICK RATIO (ACID-TEST) AVG 10Y
2.32
QUICK RATIO (ACID-TEST) AVG 15Y
2.32
QUICK RATIO (ACID-TEST) AVG 20Y
2.14
CURRENT VS TTM AVG
+41.77%
CURRENT VS 3Y AVG
+27.51%
CURRENT VS 5Y AVG
+52.04%
CURRENT VS 10Y AVG
+86.37%
CURRENT VS 15Y AVG
+86.23%
CURRENT VS 20Y AVG
+102.27%
SECTOR MEDIAN · BASIC MATERIALS
1.46
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+195.05%
vs the sector median at left
CF Industries Holdings, Inc.
Market Cap
$18.53B
Quick Ratio (Acid-Test)
4.32
TTM Avg
3.05
3Y Avg
3.39
5Y Avg
2.84
Market Cap
$18.91B
Quick Ratio (Acid-Test)
0.84
TTM Avg
1.06
3Y Avg
1.07
5Y Avg
1.12
Market Cap
$19.12B
Quick Ratio (Acid-Test)
1.07
TTM Avg
1.16
3Y Avg
1.13
5Y Avg
1.14
Market Cap
$17.79B
Quick Ratio (Acid-Test)
1.82
TTM Avg
1.40
3Y Avg
1.73
5Y Avg
1.93
Market Cap
$19.76B
Quick Ratio (Acid-Test)
2.27
TTM Avg
1.92
3Y Avg
2.29
5Y Avg
2.32
Market Cap
$19.88B
Quick Ratio (Acid-Test)
2.23
TTM Avg
2.12
3Y Avg
1.87
5Y Avg
1.90
Market Cap
$20.05B
Quick Ratio (Acid-Test)
1.96
TTM Avg
2.00
3Y Avg
1.86
5Y Avg
2.33
Market Cap
$21.12B
Quick Ratio (Acid-Test)
2.44
TTM Avg
0.95
3Y Avg
0.74
5Y Avg
0.71
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CF Industries Holdings, Inc. (CF) | $18.53B | 4.32 | 3.05 | 3.39 | 2.84 |
| International Paper Company (IP)vs › | $18.91B | 0.84 | 1.06 | 1.07 | 1.12 |
| LyondellBasell Industries N.V. (LYB)vs › | $19.12B | 1.07 | 1.16 | 1.13 | 1.14 |
| DuPont de Nemours, Inc. (DD)vs › | $17.79B | 1.82 | 1.40 | 1.73 | 1.93 |
| Reliance Steel & Aluminum Co. (RS)vs › | $19.76B | 2.27 | 1.92 | 2.29 | 2.32 |
| Carpenter Technology Corporation (CRS)vs › | $19.88B | 2.23 | 2.12 | 1.87 | 1.90 |
| Sociedad Química y Minera de Chile S.A. (SQM)vs › | $20.05B | 1.96 | 2.00 | 1.86 | 2.33 |
| Dow Inc. (DOW)vs › | $20.37B | 7.24 | 1.11 | 1.15 | 1.13 |
| Coeur Mining, Inc. (CDE)vs › | $21.12B | 2.44 | 0.95 | 0.74 | 0.71 |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.90B | 1.72 | 1.07 | 1.06 | 1.08 |
Quick Ratio
4.32
Excludes inventory
Current Ratio
4.86
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 | 4.32 |
| 2026-03-31 | 3.15 |
| 2025-12-31 | 2.93 |
| 2025-09-30 | 1.99 |
| 2025-06-30 | 2.84 |
| 2025-03-31 | 2.22 |
| 2024-12-31 | 2.70 |
| 2024-09-30 | 2.52 |
| 2024-06-30 | 4.19 |
| 2024-03-31 | 3.55 |
| 2023-12-31 | 3.44 |
| 2023-09-30 | 4.18 |
| 2023-06-30 | 6.03 |
| 2023-03-31 | 3.97 |
| 2022-12-31 | 3.22 |
| 2022-09-30 | 2.30 |
| 2022-06-30 | 2.95 |
| 2022-03-31 | 1.50 |
| 2021-12-31 | 1.53 |
| 2021-09-30 | 1.38 |
| 2021-06-30 | 1.99 |
| 2021-03-31 | 1.25 |
| 2020-12-31 | 1.19 |
| 2020-09-30 | 1.28 |
| 2020-06-30 | 1.40 |
| 2020-03-31 | 0.89 |
| 2019-12-31 | 0.94 |
| 2019-09-30 | 1.10 |
| 2019-06-30 | 1.15 |
| 2019-03-31 | 1.17 |
| 2018-12-31 | 1.37 |
| 2018-09-30 | 1.69 |
| 2018-06-30 | 2.26 |
| 2018-03-31 | 2.01 |
| 2017-12-31 | 2.05 |
| 2017-09-30 | 1.51 |
| 2017-06-30 | 1.63 |
| 2017-03-31 | 2.86 |
| 2016-12-31 | 3.38 |
| 2016-09-30 | 2.71 |
| 2016-06-30 | 4.07 |
| 2016-03-31 | 2.53 |
| 2015-12-31 | 0.66 |
| 2015-09-30 | 1.13 |
| 2015-06-30 | 1.54 |
| 2015-03-31 | 1.61 |
| 2014-12-31 | 2.46 |
| 2014-09-30 | 2.94 |
| 2014-06-30 | 4.44 |
| 2014-03-31 | 3.15 |
| 2013-12-31 | 2.84 |
| 2013-09-30 | 2.96 |
| 2013-06-30 | 4.16 |
| 2013-03-31 | 1.96 |
| 2012-12-31 | 2.66 |
| 2012-09-30 | 2.27 |
| 2012-06-30 | 3.18 |
| 2012-03-31 | 1.75 |
| 2011-12-31 | 1.45 |
| 2011-09-30 | 1.14 |
| 2011-06-30 | 1.65 |
| 2011-03-31 | 1.02 |
| 2010-12-31 | 1.13 |
| 2010-09-30 | 1.28 |
| 2010-06-30 | 1.69 |
| 2010-03-31 | 1.99 |
| 2009-12-31 | 2.24 |
| 2009-09-30 | 2.63 |
| 2009-06-30 | 3.46 |
| 2009-03-31 | 1.20 |
| 2008-12-31 | 1.03 |
| 2008-09-30 | 1.48 |
| 2008-06-30 | 1.53 |
| 2008-03-31 | 1.09 |
| 2007-12-31 | 1.66 |
| 2007-09-30 | 1.60 |
| 2007-06-30 | 1.73 |
| 2007-03-31 | 1.09 |
| 2006-12-31 | 1.29 |
| 2006-09-30 | 1.21 |
| 2006-06-30 | 1.33 |
| 2006-03-31 | 0.70 |
| 2005-12-31 | 0.95 |
| 2005-09-30 | 1.21 |
| 2005-06-30 | 2.10 |
| 2004-12-31 | 1.31 |
| 2004-09-30 | 0.00 |
