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 0.35 is 52% below its 5-year average of 0.73, near the low end of its 5-year range (0.35–3.79).
As of the fiscal period ended Tuesday, June 30, 2026. 34.00% below its 12-month average of 0.53.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.35.
QUICK RATIO (ACID-TEST)
0.35
QUICK RATIO (ACID-TEST) AVG TTM
0.53
QUICK RATIO (ACID-TEST) AVG 3Y
0.55
QUICK RATIO (ACID-TEST) AVG 5Y
0.73
QUICK RATIO (ACID-TEST) AVG 10Y
0.81
QUICK RATIO (ACID-TEST) AVG 15Y
0.72
QUICK RATIO (ACID-TEST) AVG 20Y
0.71
CURRENT VS TTM AVG
-34.00%
CURRENT VS 3Y AVG
-36.55%
CURRENT VS 5Y AVG
-52.05%
CURRENT VS 10Y AVG
-56.89%
CURRENT VS 15Y AVG
-51.63%
CURRENT VS 20Y AVG
-50.94%
SECTOR MEDIAN · CONSUMER CYCLICAL
0.93
median of 320 covered companies
CURRENT VS SECTOR MEDIAN
-62.37%
vs the sector median at left
Churchill Downs Incorporated
Market Cap
$5.46B
Quick Ratio (Acid-Test)
0.35
TTM Avg
0.53
3Y Avg
0.55
5Y Avg
0.73
Market Cap
$5.49B
Quick Ratio (Acid-Test)
0.38
TTM Avg
0.36
3Y Avg
0.33
5Y Avg
0.35
Market Cap
$5.52B
Quick Ratio (Acid-Test)
1.59
TTM Avg
1.44
3Y Avg
1.22
5Y Avg
1.20
Market Cap
$5.35B
Quick Ratio (Acid-Test)
0.52
TTM Avg
0.45
3Y Avg
0.43
5Y Avg
0.46
Market Cap
$5.20B
Quick Ratio (Acid-Test)
0.68
TTM Avg
0.62
3Y Avg
0.73
5Y Avg
1.02
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Churchill Downs Incorporated (CHDN) | $5.46B | 0.35 | 0.53 | 0.55 | 0.73 |
| Rush Enterprises, Inc. (RUSHA)vs › | $5.49B | 0.38 | 0.36 | 0.33 | 0.35 |
| Frontdoor, Inc. (FTDR)vs › | $5.52B | 1.59 | 1.44 | 1.22 | 1.20 |
| The Cheesecake Factory Incorporated (CAKE)vs › | $5.35B | 0.52 | 0.45 | 0.43 | 0.46 |
| H&R Block, Inc. (HRB)vs › | $5.34B | 1.13 | 1.01 | 1.14 | 1.19 |
| LKQ Corporation (LKQ)vs › | $5.69B | 0.61 | 0.58 | 0.59 | 0.65 |
| Vail Resorts, Inc. (MTN)vs › | $5.20B | 0.68 | 0.62 | 0.73 | 1.02 |
| Crocs, Inc. (CROX)vs › | $5.70B | 0.96 | 0.72 | 0.76 | 0.88 |
| Macy's, Inc. (M)vs › | $5.84B | 0.48 | 0.47 | 0.44 | 0.42 |
| Mobileye Global Inc. (MBLY)vs › | $6.03B | 3.92 | 5.29 | 4.60 | 4.67 |
Quick Ratio
0.35
Excludes inventory
Current Ratio
0.36
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 | 0.35 |
| 2026-03-31 | 0.53 |
| 2025-12-31 | 0.60 |
| 2025-09-30 | 0.57 |
| 2025-06-30 | 0.58 |
| 2025-03-31 | 0.52 |
| 2024-12-31 | 0.55 |
| 2024-09-30 | 0.55 |
| 2024-06-30 | 0.57 |
| 2024-03-31 | 0.50 |
| 2023-12-31 | 0.51 |
| 2023-09-30 | 0.55 |
| 2023-06-30 | 0.90 |
| 2023-03-31 | 0.54 |
| 2022-12-31 | 0.55 |
| 2022-09-30 | 3.67 |
| 2022-06-30 | 3.79 |
| 2022-03-31 | 1.20 |
| 2021-12-31 | 1.27 |
| 2021-09-30 | 1.50 |
| 2021-06-30 | 1.44 |
| 2021-03-31 | 1.14 |
| 2020-12-31 | 0.55 |
| 2020-09-30 | 1.71 |
| 2020-06-30 | 1.67 |
| 2020-03-31 | 2.45 |
| 2019-12-31 | 0.73 |
| 2019-09-30 | 1.09 |
| 2019-06-30 | 1.13 |
| 2019-03-31 | 0.87 |
| 2018-12-31 | 0.94 |
| 2018-09-30 | 1.09 |
| 2018-06-30 | 1.29 |
| 2018-03-31 | 1.02 |
| 2017-12-31 | 0.57 |
| 2017-09-30 | 0.57 |
| 2017-06-30 | 0.47 |
| 2017-03-31 | 0.51 |
| 2016-12-31 | 0.53 |
| 2016-09-30 | 0.51 |
| 2016-06-30 | 0.49 |
| 2016-03-31 | 0.47 |
| 2015-12-31 | 0.35 |
| 2015-09-30 | 0.34 |
| 2015-06-30 | 0.34 |
| 2015-03-31 | 0.59 |
| 2014-12-31 | 0.72 |
| 2014-09-30 | 0.76 |
| 2014-06-30 | 0.70 |
| 2014-03-31 | 0.69 |
| 2013-12-31 | 0.75 |
| 2013-09-30 | 0.82 |
| 2013-06-30 | 0.77 |
| 2013-03-31 | 0.35 |
| 2012-12-31 | 0.36 |
| 2012-09-30 | 0.84 |
| 2012-06-30 | 0.82 |
| 2012-03-31 | 0.72 |
| 2011-12-31 | 0.83 |
| 2011-09-30 | 0.92 |
| 2011-06-30 | 0.85 |
| 2011-03-31 | 0.75 |
| 2010-12-31 | 0.90 |
| 2010-09-30 | 0.72 |
| 2010-06-30 | 0.73 |
| 2010-03-31 | 0.56 |
| 2009-12-31 | 0.57 |
| 2009-09-30 | 0.54 |
| 2009-06-30 | 0.69 |
| 2009-03-31 | 0.67 |
| 2008-12-31 | 0.77 |
| 2008-09-30 | 0.74 |
| 2008-06-30 | 0.64 |
| 2008-03-31 | 0.70 |
| 2007-12-31 | 0.85 |
| 2007-09-30 | 0.85 |
| 2007-06-30 | 0.86 |
| 2007-03-31 | 0.86 |
| 2006-12-31 | 1.01 |
| 2006-09-30 | 0.88 |
| 2006-06-30 | 0.84 |
| 2006-03-31 | 0.60 |
| 2005-12-31 | 0.70 |
| 2005-09-30 | 0.68 |
| 2005-06-30 | 1.71 |
| 2005-03-31 | 0.60 |
| 2004-12-31 | 0.83 |
| 2004-09-30 | 0.66 |
| 2004-06-30 | 0.75 |
| 2004-03-31 | 0.49 |
| 2003-12-31 | 0.60 |
| 2003-09-30 | 0.75 |
| 2003-06-30 | 0.82 |
| 2003-03-31 | 0.58 |
| 2002-12-31 | 0.71 |
| 2002-09-30 | 0.71 |
