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 2.23 is 28% above its 5-year average of 1.74, near the high end of its 5-year range (1.10–2.37).
As of the fiscal period ended Tuesday, June 30, 2026. 1.71% above its 12-month average of 2.19.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
2.23
QUICK RATIO (ACID-TEST) AVG TTM
2.19
QUICK RATIO (ACID-TEST) AVG 3Y
1.85
QUICK RATIO (ACID-TEST) AVG 5Y
1.74
QUICK RATIO (ACID-TEST) AVG 10Y
1.50
QUICK RATIO (ACID-TEST) AVG 15Y
1.43
QUICK RATIO (ACID-TEST) AVG 20Y
1.68
CURRENT VS TTM AVG
+1.71%
CURRENT VS 3Y AVG
+20.31%
CURRENT VS 5Y AVG
+27.97%
CURRENT VS 10Y AVG
+48.35%
CURRENT VS 15Y AVG
+55.82%
CURRENT VS 20Y AVG
+32.29%
SECTOR MEDIAN · BASIC MATERIALS
1.15
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+92.86%
vs the sector median at left
Carpenter Technology Corporation
Market Cap
$26.74B
Quick Ratio (Acid-Test)
2.23
TTM Avg
2.19
3Y Avg
1.85
5Y Avg
1.74
Market Cap
$25.21B
Quick Ratio (Acid-Test)
1.15
TTM Avg
1.08
3Y Avg
1.07
5Y Avg
1.05
Market Cap
$22.15B
Quick Ratio (Acid-Test)
0.84
TTM Avg
1.06
3Y Avg
1.07
5Y Avg
1.12
Market Cap
$32.50B
Quick Ratio (Acid-Test)
0.22
TTM Avg
1.88
3Y Avg
1.91
5Y Avg
1.88
Market Cap
$20.79B
Quick Ratio (Acid-Test)
2.27
TTM Avg
1.92
3Y Avg
2.29
5Y Avg
2.32
Market Cap
$20.47B
Quick Ratio (Acid-Test)
0.84
TTM Avg
1.07
3Y Avg
1.06
5Y Avg
1.08
Market Cap
$19.69B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.16
3Y Avg
1.13
5Y Avg
1.14
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carpenter Technology Corporation (CRS) | $26.74B | 2.23 | 2.19 | 1.85 | 1.74 |
| PPG Industries, Inc. (PPG)vs › | $25.21B | 1.15 | 1.08 | 1.07 | 1.05 |
| International Paper Company (IP)vs › | $22.15B | 0.84 | 1.06 | 1.07 | 1.12 |
| Nutrien Ltd. (NTR)vs › | $31.55B | 0.59 | 0.67 | 0.65 | 0.66 |
| Dow Inc. (DOW)vs › | $21.56B | 7.24 | 1.11 | 1.15 | 1.13 |
| Martin Marietta Materials, Inc. (MLM)vs › | $32.50B | 0.22 | 1.88 | 1.91 | 1.88 |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.79B | 2.27 | 1.92 | 2.29 | 2.32 |
| International Flavors & Fragrances Inc. (IFF)vs › | $20.47B | 0.84 | 1.07 | 1.06 | 1.08 |
| LyondellBasell Industries N.V. (LYB)vs › | $19.69B | N/A | 1.16 | 1.13 | 1.14 |
| DuPont de Nemours, Inc. (DD)vs › | $19.02B | 2.11 | 1.40 | 1.73 | 1.93 |
Quick Ratio
2.23
Excludes inventory
Current Ratio
3.81
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 | 2.23 |
| 2026-03-31 | 2.08 |
| 2025-12-31 | 2.26 |
| 2025-09-30 | 2.37 |
| 2025-06-30 | 2.01 |
| 2025-03-31 | 1.89 |
| 2024-12-31 | 1.92 |
| 2024-09-30 | 2.00 |
| 2024-06-30 | 1.84 |
| 2024-03-31 | 1.45 |
| 2023-12-31 | 1.26 |
| 2023-09-30 | 1.37 |
| 2023-06-30 | 1.40 |
| 2023-03-31 | 1.14 |
| 2022-12-31 | 1.10 |
| 2022-09-30 | 1.30 |
| 2022-06-30 | 1.66 |
| 2022-03-31 | 1.38 |
| 2021-12-31 | 1.73 |
| 2021-09-30 | 1.91 |
| 2021-06-30 | 2.26 |
| 2021-03-31 | 2.28 |
| 2020-12-31 | 2.21 |
| 2020-09-30 | 2.09 |
| 2020-06-30 | 1.20 |
| 2020-03-31 | 0.98 |
| 2019-12-31 | 0.92 |
| 2019-09-30 | 1.01 |
| 2019-06-30 | 1.08 |
| 2019-03-31 | 0.87 |
| 2018-12-31 | 0.84 |
| 2018-09-30 | 1.23 |
| 2018-06-30 | 1.35 |
| 2018-03-31 | 1.14 |
| 2017-12-31 | 1.00 |
| 2017-09-30 | 0.98 |
| 2017-06-30 | 1.02 |
| 2017-03-31 | 1.03 |
| 2016-12-31 | 1.04 |
| 2016-09-30 | 1.44 |
| 2016-06-30 | 1.28 |
| 2016-03-31 | 1.16 |
| 2015-12-31 | 1.04 |
| 2015-09-30 | 1.11 |
| 2015-06-30 | 1.29 |
| 2015-03-31 | 1.26 |
| 2014-12-31 | 1.19 |
| 2014-09-30 | 1.09 |
| 2014-06-30 | 1.15 |
| 2014-03-31 | 1.09 |
| 2013-12-31 | 1.11 |
| 2013-09-30 | 1.21 |
| 2013-06-30 | 1.48 |
| 2013-03-31 | 1.28 |
| 2012-12-31 | 0.83 |
| 2012-09-30 | 0.91 |
| 2012-06-30 | 1.10 |
| 2012-03-31 | 1.33 |
| 2011-12-31 | 1.97 |
| 2011-09-30 | 1.94 |
| 2011-06-30 | 2.10 |
| 2011-03-31 | 1.58 |
| 2010-12-31 | 1.51 |
| 2010-09-30 | 1.70 |
| 2010-06-30 | 2.83 |
| 2010-03-31 | 2.62 |
| 2009-12-31 | 3.00 |
| 2009-09-30 | 2.91 |
| 2009-06-30 | 2.84 |
| 2009-03-31 | 2.18 |
| 2008-12-31 | 1.85 |
| 2008-09-30 | 1.85 |
| 2008-06-30 | 2.33 |
| 2008-03-31 | 2.61 |
| 2007-12-31 | 2.38 |
| 2007-09-30 | 2.50 |
| 2007-06-30 | 2.79 |
| 2007-03-31 | 2.98 |
| 2006-12-31 | 3.05 |
| 2006-09-30 | 2.83 |
| 2006-06-30 | 2.86 |
| 2006-03-31 | 2.46 |
| 2005-12-31 | 2.51 |
| 2005-09-30 | 2.25 |
| 2005-06-30 | 2.02 |
| 2005-03-31 | 1.79 |
| 2004-12-31 | 1.69 |
| 2004-09-30 | 1.49 |
| 2004-06-30 | 1.33 |
| 2004-03-31 | 1.49 |
| 2003-12-31 | 1.39 |
| 2003-09-30 | 1.30 |
| 2003-06-30 | 1.26 |
| 2003-03-31 | 1.09 |
| 2002-12-31 | 0.96 |
| 2002-09-30 | 0.86 |
