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 0.64 is 39% below its 5-year average of 1.05, near the low end of its 5-year range (0.59–2.35).
As of the fiscal period ended Tuesday, March 31, 2026. 1.99% above its 12-month average of 0.63.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.64
QUICK RATIO (ACID-TEST) AVG TTM
0.63
QUICK RATIO (ACID-TEST) AVG 3Y
0.83
QUICK RATIO (ACID-TEST) AVG 5Y
0.93
QUICK RATIO (ACID-TEST) AVG 10Y
0.94
QUICK RATIO (ACID-TEST) AVG 15Y
0.97
QUICK RATIO (ACID-TEST) AVG 20Y
1.01
CURRENT VS TTM AVG
+1.99%
CURRENT VS 3Y AVG
-23.26%
CURRENT VS 5Y AVG
-31.18%
CURRENT VS 10Y AVG
-31.92%
CURRENT VS 15Y AVG
-34.20%
CURRENT VS 20Y AVG
-36.74%
SECTOR MEDIAN · INDUSTRIALS
1.16
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
-44.99%
vs the sector median at left
Emerson Electric Co.
Market Cap
$82.86B
Quick Ratio (Acid-Test)
0.64
TTM Avg
0.63
3Y Avg
0.83
5Y Avg
0.93
Market Cap
$82.39B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.54
3Y Avg
1.27
5Y Avg
1.11
Market Cap
$81.99B
Quick Ratio (Acid-Test)
0.41
TTM Avg
0.46
3Y Avg
0.47
5Y Avg
0.44
Market Cap
$81.42B
Quick Ratio (Acid-Test)
0.89
TTM Avg
0.94
3Y Avg
0.95
5Y Avg
1.20
Market Cap
$85.70B
Quick Ratio (Acid-Test)
1.22
TTM Avg
1.17
3Y Avg
1.14
5Y Avg
1.18
Market Cap
$78.76B
Quick Ratio (Acid-Test)
0.78
TTM Avg
0.80
3Y Avg
0.85
5Y Avg
0.86
Market Cap
$78.54B
Quick Ratio (Acid-Test)
0.47
TTM Avg
0.47
3Y Avg
0.52
5Y Avg
0.63
Market Cap
$87.47B
Quick Ratio (Acid-Test)
0.76
TTM Avg
0.78
3Y Avg
0.79
5Y Avg
0.84
Market Cap
$77.06B
Quick Ratio (Acid-Test)
1.05
TTM Avg
1.03
3Y Avg
0.99
5Y Avg
1.04
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Emerson Electric Co. (EMR) | $82.86B | 0.64 | 0.63 | 0.83 | 0.93 |
| Cintas Corporation (CTAS)vs › | $82.39B | 1.27 | 1.54 | 1.27 | 1.11 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.99B | 0.41 | 0.46 | 0.47 | 0.44 |
| Illinois Tool Works Inc. (ITW)vs › | $81.42B | 0.89 | 0.94 | 0.95 | 1.20 |
| United Parcel Service, Inc. (UPS)vs › | $85.70B | 1.22 | 1.17 | 1.14 | 1.18 |
| Norfolk Southern Corporation (NSC)vs › | $78.76B | 0.78 | 0.80 | 0.85 | 0.86 |
| Canadian National Railway Company (CNI)vs › | $78.54B | 0.47 | 0.47 | 0.52 | 0.63 |
| Johnson Controls International plc (JCI)vs › | $87.47B | 0.76 | 0.78 | 0.79 | 0.84 |
| Honeywell International Inc. (HON)vs › | $77.06B | 1.05 | 1.03 | 0.99 | 1.04 |
| Northrop Grumman Corporation (NOC)vs › | $77.03B | 0.99 | 0.94 | 0.98 | 1.10 |
Quick Ratio
0.64
Excludes inventory
Current Ratio
0.88
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) |
|---|---|
| 2026-03-31 | 0.64 |
| 2025-12-31 | 0.62 |
| 2025-09-30 | 0.65 |
| 2025-06-30 | 0.63 |
| 2025-03-31 | 0.59 |
| 2024-12-31 | 1.17 |
| 2024-09-30 | 1.40 |
| 2024-06-30 | 0.86 |
| 2024-03-31 | 0.87 |
| 2023-12-31 | 0.80 |
| 2023-09-30 | 2.35 |
| 2023-06-30 | 2.07 |
| 2023-03-31 | 0.92 |
| 2022-12-31 | 0.86 |
| 2022-09-30 | 0.87 |
| 2022-06-30 | 0.80 |
| 2022-03-31 | 1.38 |
| 2021-12-31 | 1.60 |
| 2021-09-30 | 1.02 |
| 2021-06-30 | 1.00 |
| 2021-03-31 | 0.94 |
| 2020-12-31 | 0.89 |
| 2020-09-30 | 1.19 |
| 2020-06-30 | 0.97 |
| 2020-03-31 | 0.75 |
| 2019-12-31 | 0.81 |
| 2019-09-30 | 0.88 |
| 2019-06-30 | 0.85 |
| 2019-03-31 | 0.76 |
| 2018-12-31 | 0.62 |
| 2018-09-30 | 0.78 |
| 2018-06-30 | 0.97 |
| 2018-03-31 | 0.98 |
| 2017-12-31 | 1.02 |
| 2017-09-30 | 1.30 |
| 2017-06-30 | 1.24 |
| 2017-03-31 | 2.15 |
| 2016-12-31 | 1.83 |
| 2016-09-30 | 1.09 |
| 2016-06-30 | 0.99 |
| 2016-03-31 | 0.97 |
| 2015-12-31 | 0.95 |
| 2015-09-30 | 1.05 |
| 2015-06-30 | 1.02 |
| 2015-03-31 | 0.94 |
| 2014-12-31 | 0.94 |
| 2014-09-30 | 1.04 |
| 2014-06-30 | 1.00 |
| 2014-03-31 | 1.02 |
| 2013-12-31 | 1.10 |
| 2013-09-30 | 1.19 |
| 2013-06-30 | 1.18 |
| 2013-03-31 | 1.18 |
| 2012-12-31 | 1.08 |
| 2012-09-30 | 1.12 |
| 2012-06-30 | 1.03 |
| 2012-03-31 | 1.03 |
| 2011-12-31 | 1.03 |
| 2011-09-30 | 1.12 |
| 2011-06-30 | 1.09 |
| 2011-03-31 | 1.09 |
| 2010-12-31 | 1.09 |
| 2010-09-30 | 1.07 |
| 2010-06-30 | 1.08 |
| 2010-03-31 | 1.07 |
| 2009-12-31 | 1.05 |
| 2009-09-30 | 1.17 |
| 2009-06-30 | 1.13 |
| 2009-03-31 | 0.99 |
| 2008-12-31 | 0.94 |
| 2008-09-30 | 1.06 |
| 2008-06-30 | 1.07 |
| 2008-03-31 | 1.05 |
| 2007-12-31 | 1.02 |
| 2007-09-30 | 1.05 |
| 2007-06-30 | 1.07 |
| 2007-03-31 | 0.97 |
| 2006-12-31 | 0.97 |
| 2006-09-30 | 0.95 |
| 2006-06-30 | 0.95 |
| 2006-03-31 | 1.07 |
| 2005-12-31 | 1.06 |
| 2005-09-30 | 1.02 |
| 2005-06-30 | 0.99 |
| 2005-03-31 | 1.03 |
| 2004-12-31 | 1.05 |
| 2004-09-30 | 1.09 |
| 2004-06-30 | 1.15 |
| 2004-03-31 | 1.29 |
| 2003-12-31 | 1.19 |
| 2003-09-30 | 1.15 |
| 2003-06-30 | 1.06 |
| 2003-03-31 | 0.93 |
| 2002-12-31 | 0.88 |
| 2002-09-30 | 0.76 |
| 2002-06-30 | 0.70 |
