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 0.61 is in line with its 5-year average of 0.58, near the low end of its 5-year range (0.42–1.21).
As of the fiscal period ended Tuesday, June 30, 2026. 18.52% above its 12-month average of 0.51.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.61
QUICK RATIO (ACID-TEST) AVG TTM
0.51
QUICK RATIO (ACID-TEST) AVG 3Y
0.49
QUICK RATIO (ACID-TEST) AVG 5Y
0.58
QUICK RATIO (ACID-TEST) AVG 10Y
0.59
QUICK RATIO (ACID-TEST) AVG 15Y
0.64
QUICK RATIO (ACID-TEST) AVG 20Y
0.67
CURRENT VS TTM AVG
+18.52%
CURRENT VS 3Y AVG
+22.91%
CURRENT VS 5Y AVG
+5.02%
CURRENT VS 10Y AVG
+3.16%
CURRENT VS 15Y AVG
-5.33%
CURRENT VS 20Y AVG
-8.74%
SECTOR MEDIAN · INDUSTRIALS
1.09
median of 107 covered companies
CURRENT VS SECTOR MEDIAN
-44.26%
vs the sector median at left
Canadian National Railway Company
Market Cap
$76.31B
Quick Ratio (Acid-Test)
0.61
TTM Avg
0.51
3Y Avg
0.49
5Y Avg
0.58
Market Cap
$76.24B
Quick Ratio (Acid-Test)
1.44
TTM Avg
1.29
3Y Avg
1.31
5Y Avg
1.34
Market Cap
$74.84B
Quick Ratio (Acid-Test)
0.73
TTM Avg
0.80
3Y Avg
0.85
5Y Avg
0.86
Market Cap
$72.91B
Quick Ratio (Acid-Test)
0.93
TTM Avg
1.03
3Y Avg
0.99
5Y Avg
1.04
Market Cap
$81.23B
Quick Ratio (Acid-Test)
0.50
TTM Avg
0.46
3Y Avg
0.47
5Y Avg
0.44
Market Cap
$81.51B
Quick Ratio (Acid-Test)
1.06
TTM Avg
0.94
3Y Avg
0.98
5Y Avg
1.10
Market Cap
$81.52B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.54
3Y Avg
1.27
5Y Avg
1.11
Market Cap
$70.66B
Quick Ratio (Acid-Test)
0.70
TTM Avg
0.90
3Y Avg
0.89
5Y Avg
0.89
Market Cap
$69.77B
Quick Ratio (Acid-Test)
3.41
TTM Avg
3.65
3Y Avg
2.82
5Y Avg
2.38
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $76.31B | 0.61 | 0.51 | 0.49 | 0.58 |
| FedEx Corporation (FDX)vs › | $76.24B | 1.44 | 1.29 | 1.31 | 1.34 |
| Norfolk Southern Corporation (NSC)vs › | $74.84B | 0.73 | 0.80 | 0.85 | 0.86 |
| Honeywell International Inc. (HON)vs › | $72.91B | 0.93 | 1.03 | 0.99 | 1.04 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.23B | 0.50 | 0.46 | 0.47 | 0.44 |
| Northrop Grumman Corporation (NOC)vs › | $81.51B | 1.06 | 0.94 | 0.98 | 1.10 |
| Cintas Corporation (CTAS)vs › | $81.52B | 1.27 | 1.54 | 1.27 | 1.11 |
| United Rentals, Inc. (URI)vs › | $70.66B | 0.70 | 0.90 | 0.89 | 0.89 |
| Bloom Energy Corporation (BE)vs › | $69.77B | 3.41 | 3.65 | 2.82 | 2.38 |
| TransDigm Group Incorporated (TDG)vs › | $69.33B | 1.98 | 1.77 | 2.45 | 2.80 |
Quick Ratio
0.61
Excludes inventory
Current Ratio
0.87
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 | 0.61 |
| 2026-03-31 | 0.49 |
| 2025-12-31 | 0.47 |
| 2025-09-30 | 0.42 |
| 2025-06-30 | 0.58 |
| 2025-03-31 | 0.43 |
| 2024-12-31 | 0.48 |
| 2024-09-30 | 0.49 |
| 2024-06-30 | 0.48 |
| 2024-03-31 | 0.46 |
| 2023-12-31 | 0.47 |
| 2023-09-30 | 0.56 |
| 2023-06-30 | 0.72 |
| 2023-03-31 | 0.57 |
| 2022-12-31 | 0.66 |
| 2022-09-30 | 0.80 |
| 2022-06-30 | 0.55 |
| 2022-03-31 | 0.67 |
| 2021-12-31 | 0.91 |
| 2021-09-30 | 1.21 |
| 2021-06-30 | 0.76 |
| 2021-03-31 | 0.97 |
| 2020-12-31 | 0.77 |
| 2020-09-30 | 0.85 |
| 2020-06-30 | 0.77 |
| 2020-03-31 | 0.62 |
| 2019-12-31 | 0.52 |
| 2019-09-30 | 0.57 |
| 2019-06-30 | 0.54 |
| 2019-03-31 | 0.59 |
| 2018-12-31 | 0.62 |
| 2018-09-30 | 0.58 |
| 2018-06-30 | 0.52 |
| 2018-03-31 | 0.50 |
| 2017-12-31 | 0.44 |
| 2017-09-30 | 0.49 |
| 2017-06-30 | 0.48 |
| 2017-03-31 | 0.59 |
| 2016-12-31 | 0.58 |
| 2016-09-30 | 0.77 |
| 2016-06-30 | 0.61 |
| 2016-03-31 | 0.71 |
| 2015-12-31 | 0.60 |
| 2015-09-30 | 0.73 |
| 2015-06-30 | 0.55 |
| 2015-03-31 | 0.66 |
| 2014-12-31 | 0.75 |
| 2014-09-30 | 0.79 |
| 2014-06-30 | 0.76 |
| 2014-03-31 | 0.75 |
| 2013-12-31 | 0.68 |
| 2013-09-30 | 0.58 |
| 2013-06-30 | 0.56 |
| 2013-03-31 | 0.61 |
| 2012-12-31 | 0.74 |
| 2012-09-30 | 0.72 |
| 2012-06-30 | 0.86 |
| 2012-03-31 | 0.85 |
| 2011-12-31 | 0.96 |
| 2011-09-30 | 0.89 |
| 2011-06-30 | 0.82 |
| 2011-03-31 | 0.94 |
| 2010-12-31 | 0.72 |
| 2010-09-30 | 1.18 |
| 2010-06-30 | 1.19 |
| 2010-03-31 | 1.28 |
| 2009-12-31 | 1.07 |
| 2009-09-30 | 0.97 |
| 2009-06-30 | 0.85 |
| 2009-03-31 | 0.83 |
| 2008-12-31 | 0.82 |
| 2008-09-30 | 0.64 |
| 2008-06-30 | 0.84 |
| 2008-03-31 | 0.71 |
| 2007-12-31 | 0.56 |
| 2007-09-30 | 0.80 |
| 2007-06-30 | 0.48 |
| 2007-03-31 | 0.50 |
| 2006-12-31 | 0.54 |
| 2006-09-30 | 0.68 |
| 2006-06-30 | 0.79 |
| 2006-03-31 | 0.51 |
| 2005-12-31 | 0.51 |
| 2005-09-30 | 0.51 |
| 2005-06-30 | 0.68 |
| 2005-03-31 | 0.78 |
| 2004-12-31 | 0.70 |
| 2004-09-30 | 0.71 |
| 2004-06-30 | 0.58 |
| 2004-03-31 | 0.67 |
| 2003-12-31 | 0.52 |
| 2003-10-20 | 0.48 |
| 2003-06-30 | 0.51 |
| 2003-03-31 | 0.44 |
| 2002-12-31 | 0.50 |
| 2002-09-30 | 0.47 |
