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 0.92 is 36% below its 5-year average of 1.45, near the low end of its 5-year range (0.92–1.94).
As of the fiscal period ended Tuesday, June 30, 2026. 16.31% below its 12-month average of 1.10.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.92
QUICK RATIO (ACID-TEST) AVG TTM
1.10
QUICK RATIO (ACID-TEST) AVG 3Y
1.28
QUICK RATIO (ACID-TEST) AVG 5Y
1.45
QUICK RATIO (ACID-TEST) AVG 10Y
1.44
QUICK RATIO (ACID-TEST) AVG 15Y
1.37
QUICK RATIO (ACID-TEST) AVG 20Y
1.36
CURRENT VS TTM AVG
-16.31%
CURRENT VS 3Y AVG
-28.12%
CURRENT VS 5Y AVG
-36.46%
CURRENT VS 10Y AVG
-36.05%
CURRENT VS 15Y AVG
-32.96%
CURRENT VS 20Y AVG
-32.52%
SECTOR MEDIAN · BASIC MATERIALS
1.17
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-21.78%
vs the sector median at left
Freeport-McMoRan Inc.
Market Cap
$90.03B
Quick Ratio (Acid-Test)
0.92
TTM Avg
1.10
3Y Avg
1.28
5Y Avg
1.45
Market Cap
$88.84B
Quick Ratio (Acid-Test)
0.76
TTM Avg
0.78
3Y Avg
0.79
5Y Avg
0.84
Market Cap
$82.74B
Quick Ratio (Acid-Test)
0.53
TTM Avg
0.49
3Y Avg
0.51
5Y Avg
0.53
Market Cap
$98.74B
Quick Ratio (Acid-Test)
1.82
TTM Avg
1.58
3Y Avg
1.40
5Y Avg
1.64
Market Cap
$65.67B
Quick Ratio (Acid-Test)
1.20
TTM Avg
1.27
3Y Avg
1.34
5Y Avg
1.94
Market Cap
$61.54B
Quick Ratio (Acid-Test)
2.33
TTM Avg
2.24
3Y Avg
2.25
5Y Avg
2.49
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Freeport-McMoRan Inc. (FCX) | $90.03B | 0.92 | 1.10 | 1.28 | 1.45 |
| Johnson Controls International plc (JCI)vs › | $88.84B | 0.76 | 0.78 | 0.79 | 0.84 |
| The Sherwin-Williams Company (SHW)vs › | $82.74B | 0.53 | 0.49 | 0.51 | 0.53 |
| Newmont Corporation (NEM)vs › | $98.74B | 1.82 | 1.58 | 1.40 | 1.64 |
| Ecolab Inc. (ECL)vs › | $78.14B | 0.81 | 0.88 | 0.90 | 0.97 |
| Air Products and Chemicals, Inc. (APD)vs › | $65.67B | 1.20 | 1.27 | 1.34 | 1.94 |
| Vale S.A. (VALE)vs › | $64.22B | 0.78 | 0.73 | 0.80 | 0.96 |
| CRH plc (CRH)vs › | $63.49B | 1.14 | 1.02 | 1.16 | 1.27 |
| Barrick Mining Corporation (B)vs › | $61.54B | 2.33 | 2.24 | 2.25 | 2.49 |
| Nucor Corporation (NUE)vs › | $58.60B | 1.57 | 1.52 | 1.88 | 1.85 |
Quick Ratio
0.92
Excludes inventory
Current Ratio
2.29
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 | 0.92 |
| 2026-03-31 | 1.13 |
| 2025-12-31 | 1.05 |
| 2025-09-30 | 1.19 |
| 2025-06-30 | 1.21 |
| 2025-03-31 | 1.13 |
| 2024-12-31 | 1.18 |
| 2024-09-30 | 1.30 |
| 2024-06-30 | 1.34 |
| 2024-03-31 | 1.41 |
| 2023-12-31 | 1.38 |
| 2023-09-30 | 1.67 |
| 2023-06-30 | 1.72 |
| 2023-03-31 | 1.71 |
| 2022-12-31 | 1.64 |
| 2022-09-30 | 1.76 |
| 2022-06-30 | 1.94 |
| 2022-03-31 | 1.68 |
| 2021-12-31 | 1.75 |
| 2021-09-30 | 1.75 |
| 2021-06-30 | 1.52 |
| 2021-03-31 | 1.46 |
| 2020-12-31 | 1.58 |
| 2020-09-30 | 1.35 |
| 2020-06-30 | 1.15 |
| 2020-03-31 | 1.11 |
| 2019-12-31 | 1.20 |
| 2019-09-30 | 1.16 |
| 2019-06-30 | 1.32 |
| 2019-03-31 | 1.41 |
| 2018-12-31 | 1.80 |
| 2018-09-30 | 1.78 |
| 2018-06-30 | 1.62 |
| 2018-03-31 | 1.43 |
| 2017-12-31 | 1.37 |
| 2017-09-30 | 1.32 |
| 2017-06-30 | 1.37 |
| 2017-03-31 | 1.24 |
| 2016-12-31 | 1.59 |
| 2016-09-30 | 1.74 |
| 2016-06-30 | 1.53 |
| 2016-03-31 | 0.74 |
| 2015-12-31 | 0.62 |
| 2015-09-30 | 0.58 |
| 2015-06-30 | 0.69 |
| 2015-03-31 | 0.82 |
| 2014-12-31 | 0.71 |
| 2014-09-30 | 0.56 |
| 2014-06-30 | 0.65 |
| 2014-03-31 | 0.78 |
| 2013-12-31 | 1.03 |
| 2013-09-30 | 1.05 |
| 2013-06-30 | 1.00 |
| 2013-03-31 | 3.60 |
| 2012-12-31 | 1.71 |
| 2012-09-30 | 1.82 |
| 2012-06-30 | 2.09 |
| 2012-03-31 | 2.11 |
| 2011-12-31 | 2.10 |
| 2011-09-30 | 2.20 |
| 2011-06-30 | 2.07 |
| 2011-03-31 | 1.57 |
| 2010-12-31 | 1.71 |
| 2010-09-30 | 2.09 |
| 2010-06-30 | 1.47 |
| 2010-03-31 | 1.30 |
| 2009-12-31 | 1.52 |
| 2009-09-30 | 1.42 |
| 2009-06-30 | 1.22 |
| 2009-03-31 | 0.99 |
| 2008-12-31 | 0.78 |
| 2008-09-30 | 0.85 |
| 2008-06-30 | 1.24 |
| 2008-03-31 | 1.44 |
| 2007-12-31 | 0.78 |
| 2007-09-30 | 1.36 |
| 2007-06-30 | 1.26 |
| 2007-03-31 | 1.64 |
| 2006-12-31 | 1.47 |
| 2006-09-30 | 1.38 |
| 2006-06-30 | 1.21 |
| 2006-03-31 | 1.39 |
| 2005-12-31 | 1.06 |
| 2005-09-30 | 0.88 |
| 2005-06-30 | 1.11 |
| 2005-03-31 | 0.97 |
| 2004-12-31 | 1.42 |
| 2004-09-30 | 1.28 |
| 2004-06-30 | 1.41 |
| 2004-03-31 | 1.92 |
| 2003-12-31 | 1.11 |
| 2003-09-30 | 1.26 |
| 2003-06-30 | 1.67 |
| 2003-03-31 | 2.01 |
| 2002-12-31 | 0.47 |
| 2002-09-30 | 0.44 |
