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 1.44 is in line with its 5-year average of 1.32, near the high end of its 5-year range (1.15–1.47).
As of the fiscal period ended Sunday, May 31, 2026. 11.23% above its 12-month average of 1.29.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.44
QUICK RATIO (ACID-TEST) AVG TTM
1.29
QUICK RATIO (ACID-TEST) AVG 3Y
1.28
QUICK RATIO (ACID-TEST) AVG 5Y
1.32
QUICK RATIO (ACID-TEST) AVG 10Y
1.37
QUICK RATIO (ACID-TEST) AVG 15Y
1.49
QUICK RATIO (ACID-TEST) AVG 20Y
1.45
CURRENT VS TTM AVG
+11.23%
CURRENT VS 3Y AVG
+12.67%
CURRENT VS 5Y AVG
+9.44%
CURRENT VS 10Y AVG
+4.90%
CURRENT VS 15Y AVG
-3.42%
CURRENT VS 20Y AVG
-0.64%
SECTOR MEDIAN · INDUSTRIALS
1.07
median of 104 covered companies
CURRENT VS SECTOR MEDIAN
+34.58%
vs the sector median at left
FedEx Corporation
Market Cap
$75.37B
Quick Ratio (Acid-Test)
1.44
TTM Avg
1.29
3Y Avg
1.28
5Y Avg
1.32
Market Cap
$75.10B
Quick Ratio (Acid-Test)
0.73
TTM Avg
0.80
3Y Avg
0.85
5Y Avg
0.86
Market Cap
$76.58B
Quick Ratio (Acid-Test)
0.61
TTM Avg
0.47
3Y Avg
0.52
5Y Avg
0.63
Market Cap
$78.03B
Quick Ratio (Acid-Test)
0.93
TTM Avg
1.03
3Y Avg
0.99
5Y Avg
1.04
Market Cap
$72.38B
Quick Ratio (Acid-Test)
0.70
TTM Avg
0.90
3Y Avg
0.89
5Y Avg
0.89
Market Cap
$80.54B
Quick Ratio (Acid-Test)
0.50
TTM Avg
0.46
3Y Avg
0.47
5Y Avg
0.44
Market Cap
$81.20B
Quick Ratio (Acid-Test)
1.06
TTM Avg
0.94
3Y Avg
0.98
5Y Avg
1.10
Market Cap
$81.25B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.54
3Y Avg
1.27
5Y Avg
1.11
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FedEx Corporation (FDX) | $75.37B | 1.44 | 1.29 | 1.28 | 1.32 |
| Norfolk Southern Corporation (NSC)vs › | $75.10B | 0.73 | 0.80 | 0.85 | 0.86 |
| Canadian National Railway Company (CNI)vs › | $76.58B | 0.61 | 0.47 | 0.52 | 0.63 |
| Honeywell International Inc. (HON)vs › | $78.03B | 0.93 | 1.03 | 0.99 | 1.04 |
| United Rentals, Inc. (URI)vs › | $72.38B | 0.70 | 0.90 | 0.89 | 0.89 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.54B | 0.50 | 0.46 | 0.47 | 0.44 |
| PACCAR Inc (PCAR)vs › | $70.06B | 2.90 | 2.67 | 2.50 | 2.48 |
| Northrop Grumman Corporation (NOC)vs › | $81.20B | 1.06 | 0.94 | 0.98 | 1.10 |
| Cintas Corporation (CTAS)vs › | $81.25B | 1.27 | 1.54 | 1.27 | 1.11 |
| TransDigm Group Incorporated (TDG)vs › | $68.53B | 1.98 | 1.77 | 2.45 | 2.80 |
Quick Ratio
1.44
Excludes inventory
Current Ratio
1.48
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 | 1.44 |
| 2026-02-28 | 1.44 |
| 2025-11-30 | 1.23 |
| 2025-08-31 | 1.21 |
| 2025-05-31 | 1.15 |
| 2025-02-28 | 1.19 |
| 2024-11-30 | 1.19 |
| 2024-08-31 | 1.24 |
| 2024-05-31 | 1.32 |
| 2024-02-29 | 1.26 |
| 2023-11-30 | 1.30 |
| 2023-08-31 | 1.32 |
| 2023-05-31 | 1.32 |
| 2023-02-28 | 1.27 |
| 2022-11-30 | 1.25 |
| 2022-08-31 | 1.38 |
| 2022-05-31 | 1.38 |
| 2022-02-28 | 1.35 |
| 2021-11-30 | 1.45 |
| 2021-08-31 | 1.47 |
| 2021-05-31 | 1.46 |
| 2021-02-28 | 1.56 |
| 2020-11-30 | 1.71 |
| 2020-08-31 | 1.64 |
| 2020-05-31 | 1.53 |
| 2020-02-29 | 1.16 |
| 2019-11-30 | 1.20 |
| 2019-08-31 | 1.25 |
| 2019-05-31 | 1.39 |
| 2019-02-28 | 1.40 |
| 2018-11-30 | 1.36 |
| 2018-08-31 | 1.26 |
| 2018-05-31 | 1.33 |
| 2018-02-28 | 1.37 |
| 2017-11-30 | 1.50 |
| 2017-08-31 | 1.57 |
| 2017-05-31 | 1.53 |
| 2017-02-28 | 1.53 |
| 2016-11-30 | 1.48 |
| 2016-08-31 | 1.46 |
| 2016-05-31 | 1.44 |
| 2016-02-29 | 1.64 |
| 2015-11-30 | 1.79 |
| 2015-08-31 | 1.75 |
| 2015-05-31 | 1.75 |
| 2015-02-28 | 1.91 |
| 2014-11-30 | 1.69 |
| 2014-08-31 | 1.70 |
| 2014-05-31 | 1.74 |
| 2014-02-28 | 1.86 |
| 2013-11-30 | 1.93 |
| 2013-08-31 | 2.00 |
| 2013-05-31 | 1.88 |
| 2013-02-28 | 1.82 |
| 2012-11-30 | 1.80 |
| 2012-08-31 | 1.75 |
| 2012-05-31 | 1.60 |
| 2012-02-29 | 1.50 |
| 2011-11-30 | 1.44 |
| 2011-08-31 | 1.51 |
| 2011-05-31 | 1.61 |
| 2011-02-28 | 1.49 |
| 2010-11-30 | 1.44 |
| 2010-08-31 | 1.47 |
| 2010-05-31 | 1.48 |
| 2010-02-28 | 1.44 |
| 2009-11-30 | 1.47 |
| 2009-08-31 | 1.55 |
| 2009-05-31 | 1.49 |
| 2009-02-28 | 1.43 |
| 2008-11-30 | 1.16 |
| 2008-08-31 | 1.23 |
| 2008-05-31 | 1.27 |
| 2008-02-29 | 1.31 |
| 2007-11-30 | 1.21 |
| 2007-08-31 | 1.25 |
| 2007-05-31 | 1.16 |
| 2007-02-28 | 1.12 |
| 2006-11-30 | 1.09 |
| 2006-08-31 | 1.25 |
| 2006-05-31 | 1.12 |
| 2006-02-28 | 1.16 |
| 2005-11-30 | 1.05 |
| 2005-08-31 | 1.10 |
| 2005-05-31 | 1.06 |
| 2005-02-28 | 0.97 |
| 2004-11-30 | 0.99 |
| 2004-08-31 | 1.08 |
| 2004-05-31 | 0.98 |
| 2004-02-29 | 0.73 |
| 2003-11-30 | 1.17 |
| 2003-08-31 | 1.20 |
| 2003-05-31 | 1.11 |
| 2003-02-28 | 0.97 |
| 2002-11-30 | 1.16 |
| 2002-08-31 | 1.14 |
