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 1.27 is 21% above its 5-year average of 1.04, around the middle of its 5-year range (0.50–1.94).
As of the fiscal period ended Sunday, May 31, 2026. 23.17% below its 12-month average of 1.65.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.27
QUICK RATIO (ACID-TEST) AVG TTM
1.65
QUICK RATIO (ACID-TEST) AVG 3Y
1.23
QUICK RATIO (ACID-TEST) AVG 5Y
0.96
QUICK RATIO (ACID-TEST) AVG 10Y
1.02
QUICK RATIO (ACID-TEST) AVG 15Y
1.25
QUICK RATIO (ACID-TEST) AVG 20Y
1.65
CURRENT VS TTM AVG
-23.17%
CURRENT VS 3Y AVG
+2.80%
CURRENT VS 5Y AVG
+32.50%
CURRENT VS 10Y AVG
+24.76%
CURRENT VS 15Y AVG
+1.65%
CURRENT VS 20Y AVG
-23.03%
SECTOR MEDIAN · INDUSTRIALS
1.17
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+8.36%
vs the sector median at left
Cintas Corporation
Market Cap
$81.89B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.65
3Y Avg
1.23
5Y Avg
0.96
Market Cap
$82.56B
Quick Ratio (Acid-Test)
0.89
TTM Avg
0.94
3Y Avg
0.95
5Y Avg
1.20
Market Cap
$83.91B
Quick Ratio (Acid-Test)
0.65
TTM Avg
1.02
3Y Avg
1.32
5Y Avg
1.25
Market Cap
$78.14B
Quick Ratio (Acid-Test)
0.41
TTM Avg
0.46
3Y Avg
0.47
5Y Avg
0.44
Market Cap
$77.07B
Quick Ratio (Acid-Test)
0.99
TTM Avg
0.94
3Y Avg
0.98
5Y Avg
1.10
Market Cap
$77.03B
Quick Ratio (Acid-Test)
1.05
TTM Avg
1.03
3Y Avg
0.99
5Y Avg
1.04
Market Cap
$76.95B
Quick Ratio (Acid-Test)
0.47
TTM Avg
0.47
3Y Avg
0.52
5Y Avg
0.63
Market Cap
$75.35B
Quick Ratio (Acid-Test)
0.78
TTM Avg
0.80
3Y Avg
0.85
5Y Avg
0.86
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cintas Corporation (CTAS) | $81.89B | 1.27 | 1.65 | 1.23 | 0.96 |
| Illinois Tool Works Inc. (ITW)vs › | $82.56B | 0.89 | 0.94 | 0.95 | 1.20 |
| Emerson Electric Co. (EMR)vs › | $83.91B | 0.65 | 1.02 | 1.32 | 1.25 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.14B | 0.41 | 0.46 | 0.47 | 0.44 |
| Northrop Grumman Corporation (NOC)vs › | $77.07B | 0.99 | 0.94 | 0.98 | 1.10 |
| Honeywell International Inc. (HON)vs › | $77.03B | 1.05 | 1.03 | 0.99 | 1.04 |
| Canadian National Railway Company (CNI)vs › | $76.95B | 0.47 | 0.47 | 0.52 | 0.63 |
| Cummins Inc. (CMI)vs › | $87.51B | 1.16 | 0.98 | 0.87 | 0.99 |
| Norfolk Southern Corporation (NSC)vs › | $75.35B | 0.78 | 0.80 | 0.85 | 0.86 |
| United Parcel Service, Inc. (UPS)vs › | $88.54B | 1.22 | 1.17 | 1.14 | 1.18 |
Quick Ratio
1.27
Excludes inventory
Current Ratio
1.43
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) |
|---|---|
| 2026-05-31 | 1.27 |
| 2026-02-28 | 1.74 |
| 2025-11-30 | 1.49 |
| 2025-08-31 | 1.94 |
| 2025-05-31 | 1.82 |
| 2025-02-28 | 0.89 |
| 2024-11-30 | 0.79 |
| 2024-08-31 | 0.75 |
| 2024-05-31 | 0.90 |
| 2024-02-29 | 1.15 |
| 2023-11-30 | 1.06 |
| 2023-08-31 | 1.18 |
| 2023-05-31 | 1.08 |
| 2023-02-28 | 0.99 |
| 2022-11-30 | 0.90 |
| 2022-08-31 | 0.83 |
| 2022-05-31 | 0.81 |
| 2022-02-28 | 0.50 |
| 2021-11-30 | 0.60 |
| 2021-08-31 | 0.51 |
| 2021-05-31 | 0.76 |
| 2021-02-28 | 1.31 |
| 2020-11-30 | 1.19 |
| 2020-08-31 | 1.30 |
| 2020-05-31 | 1.19 |
| 2020-02-29 | 1.24 |
| 2019-11-30 | 1.02 |
| 2019-08-31 | 1.03 |
| 2019-05-31 | 0.93 |
| 2019-02-28 | 1.12 |
| 2018-11-30 | 1.02 |
| 2018-08-31 | 1.58 |
| 2018-05-31 | 1.28 |
| 2018-02-28 | 1.11 |
| 2017-11-30 | 0.95 |
| 2017-08-31 | 0.94 |
| 2017-05-31 | 0.92 |
| 2017-02-28 | 0.87 |
| 2016-11-30 | 1.06 |
| 2016-08-31 | 1.11 |
| 2016-05-31 | 0.98 |
| 2016-02-29 | 1.12 |
| 2015-11-30 | 1.10 |
| 2015-08-31 | 1.00 |
| 2015-05-31 | 1.57 |
| 2015-02-28 | 1.56 |
| 2014-11-30 | 1.62 |
| 2014-08-31 | 1.96 |
| 2014-05-31 | 1.66 |
| 2014-02-28 | 1.65 |
| 2013-11-30 | 1.40 |
| 2013-08-31 | 1.60 |
| 2013-05-31 | 1.60 |
| 2013-02-28 | 1.56 |
| 2012-11-30 | 2.31 |
| 2012-08-31 | 3.34 |
| 2012-05-31 | 1.92 |
| 2012-02-29 | 2.08 |
| 2011-11-30 | 1.81 |
| 2011-08-31 | 1.94 |
| 2011-05-31 | 3.34 |
| 2011-02-28 | 2.78 |
| 2010-11-30 | 2.45 |
| 2010-08-31 | 3.30 |
| 2010-05-31 | 3.53 |
| 2010-02-28 | 3.07 |
| 2009-11-30 | 3.76 |
| 2009-08-31 | 3.67 |
| 2009-05-31 | 3.36 |
| 2009-02-28 | 2.54 |
| 2008-11-30 | 3.06 |
| 2008-08-31 | 3.04 |
| 2008-05-31 | 2.84 |
| 2008-02-29 | 2.54 |
| 2007-11-30 | 2.72 |
| 2007-08-31 | 3.59 |
| 2007-05-31 | 2.30 |
| 2007-02-28 | 1.33 |
| 2006-11-30 | 1.42 |
| 2006-08-31 | 1.57 |
| 2006-05-31 | 2.38 |
| 2006-02-28 | 2.30 |
| 2005-11-30 | 2.58 |
| 2005-08-31 | 2.99 |
| 2005-05-31 | 2.67 |
| 2005-02-28 | 2.53 |
| 2004-11-30 | 2.86 |
| 2004-08-31 | 3.12 |
| 2004-05-31 | 2.61 |
| 2004-02-29 | 2.40 |
| 2003-11-30 | 2.43 |
| 2003-08-31 | 2.59 |
| 2003-05-31 | 2.13 |
| 2003-02-28 | 1.87 |
| 2002-11-30 | 2.03 |
| 2002-08-31 | 2.16 |
