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 0.84 is 26% below its 5-year average of 1.12, near the low end of its 5-year range (0.84–1.67).
As of the fiscal period ended Tuesday, June 30, 2026. 12.92% below its 12-month average of 0.96.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.84
QUICK RATIO (ACID-TEST) AVG TTM
0.96
QUICK RATIO (ACID-TEST) AVG 3Y
1.07
QUICK RATIO (ACID-TEST) AVG 5Y
1.10
QUICK RATIO (ACID-TEST) AVG 10Y
1.09
QUICK RATIO (ACID-TEST) AVG 15Y
1.12
QUICK RATIO (ACID-TEST) AVG 20Y
1.15
CURRENT VS TTM AVG
-12.92%
CURRENT VS 3Y AVG
-21.84%
CURRENT VS 5Y AVG
-23.65%
CURRENT VS 10Y AVG
-23.20%
CURRENT VS 15Y AVG
-25.29%
CURRENT VS 20Y AVG
-27.22%
SECTOR MEDIAN · BASIC MATERIALS
1.17
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-28.76%
vs the sector median at left
International Paper Company
Market Cap
$21.62B
Quick Ratio (Acid-Test)
0.84
TTM Avg
0.96
3Y Avg
1.07
5Y Avg
1.10
Market Cap
$20.73B
Quick Ratio (Acid-Test)
2.30
TTM Avg
1.92
3Y Avg
2.29
5Y Avg
2.32
Market Cap
$20.23B
Quick Ratio (Acid-Test)
0.82
TTM Avg
1.07
3Y Avg
1.06
5Y Avg
1.08
Market Cap
$20.04B
Quick Ratio (Acid-Test)
1.19
TTM Avg
1.16
3Y Avg
1.13
5Y Avg
1.14
Market Cap
$19.23B
Quick Ratio (Acid-Test)
2.93
TTM Avg
2.82
3Y Avg
3.07
5Y Avg
2.50
Market Cap
$24.57B
Quick Ratio (Acid-Test)
1.22
TTM Avg
1.08
3Y Avg
1.07
5Y Avg
1.05
Market Cap
$18.50B
Quick Ratio (Acid-Test)
1.91
TTM Avg
1.40
3Y Avg
1.73
5Y Avg
1.93
Market Cap
$25.82B
Quick Ratio (Acid-Test)
2.23
TTM Avg
2.12
3Y Avg
1.87
5Y Avg
1.90
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| International Paper Company (IP) | $21.62B | 0.84 | 0.96 | 1.07 | 1.10 |
| Dow Inc. (DOW)vs › | $21.88B | 1.25 | 1.11 | 1.15 | 1.13 |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.73B | 2.30 | 1.92 | 2.29 | 2.32 |
| International Flavors & Fragrances Inc. (IFF)vs › | $20.23B | 0.82 | 1.07 | 1.06 | 1.08 |
| LyondellBasell Industries N.V. (LYB)vs › | $20.04B | 1.19 | 1.16 | 1.13 | 1.14 |
| CF Industries Holdings, Inc. (CF)vs › | $19.23B | 2.93 | 2.82 | 3.07 | 2.50 |
| PPG Industries, Inc. (PPG)vs › | $24.57B | 1.22 | 1.08 | 1.07 | 1.05 |
| DuPont de Nemours, Inc. (DD)vs › | $18.50B | 1.91 | 1.40 | 1.73 | 1.93 |
| Carpenter Technology Corporation (CRS)vs › | $25.82B | 2.23 | 2.12 | 1.87 | 1.90 |
| CEMEX, S.A.B. de C.V. (CX)vs › | $17.15B | 0.62 | 0.60 | 0.54 | 0.55 |
Quick Ratio
0.84
Excludes inventory
Current Ratio
1.28
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 | 0.84 |
| 2026-03-31 | 0.94 |
| 2025-12-31 | 1.02 |
| 2025-09-30 | 1.04 |
| 2025-06-30 | 0.96 |
| 2025-03-31 | 0.96 |
| 2024-12-31 | 1.09 |
| 2024-09-30 | 1.11 |
| 2024-06-30 | 1.17 |
| 2024-03-31 | 1.22 |
| 2023-12-31 | 1.19 |
| 2023-09-30 | 1.25 |
| 2023-06-30 | 1.12 |
| 2023-03-31 | 1.10 |
| 2022-12-31 | 0.97 |
| 2022-09-30 | 0.97 |
| 2022-06-30 | 1.18 |
| 2022-03-31 | 1.31 |
| 2021-12-31 | 1.27 |
| 2021-09-30 | 1.67 |
| 2021-06-30 | 1.20 |
| 2021-03-31 | 1.23 |
| 2020-12-31 | 1.16 |
| 2020-09-30 | 1.09 |
| 2020-06-30 | 0.55 |
| 2020-03-31 | 0.56 |
| 2019-12-31 | 0.51 |
| 2019-09-30 | 1.03 |
| 2019-06-30 | 1.02 |
| 2019-03-31 | 0.96 |
| 2018-12-31 | 1.01 |
| 2018-09-30 | 1.13 |
| 2018-06-30 | 1.13 |
| 2018-03-31 | 1.17 |
| 2017-12-31 | 1.17 |
| 2017-09-30 | 0.97 |
| 2017-06-30 | 0.97 |
| 2017-03-31 | 1.01 |
| 2016-12-31 | 1.09 |
| 2016-09-30 | 1.66 |
| 2016-06-30 | 1.15 |
| 2016-03-31 | 1.12 |
| 2015-12-31 | 1.08 |
| 2015-09-30 | 1.09 |
| 2015-06-30 | 1.04 |
| 2015-03-31 | 1.09 |
| 2014-12-31 | 1.13 |
| 2014-09-30 | 1.16 |
| 2014-06-30 | 1.10 |
| 2014-03-31 | 1.18 |
| 2013-12-31 | 1.21 |
| 2013-09-30 | 1.23 |
| 2013-06-30 | 1.15 |
| 2013-03-31 | 1.18 |
| 2012-12-31 | 1.24 |
| 2012-09-30 | 1.27 |
| 2012-06-30 | 1.27 |
| 2012-03-31 | 1.28 |
| 2011-12-31 | 1.72 |
| 2011-09-30 | 1.60 |
| 2011-06-30 | 1.45 |
| 2011-03-31 | 1.36 |
| 2010-12-31 | 1.26 |
| 2010-09-30 | 1.21 |
| 2010-06-30 | 1.32 |
| 2010-03-31 | 1.32 |
| 2009-12-31 | 1.34 |
| 2009-09-30 | 1.21 |
| 2009-06-30 | 1.35 |
| 2009-03-31 | 1.10 |
| 2008-12-31 | 1.02 |
| 2008-09-30 | 1.03 |
| 2008-06-30 | 1.80 |
| 2008-03-31 | 1.10 |
| 2007-12-31 | 1.21 |
| 2007-09-30 | 1.36 |
| 2007-06-30 | 1.39 |
| 2007-03-31 | 1.55 |
| 2006-12-31 | 1.45 |
| 2006-09-30 | 0.89 |
| 2006-06-30 | 0.96 |
| 2006-03-31 | 1.21 |
| 2005-12-31 | 1.03 |
| 2005-09-30 | 1.06 |
| 2005-06-30 | 1.13 |
| 2005-03-31 | 1.29 |
| 2004-12-31 | 1.35 |
| 2004-09-30 | 1.21 |
| 2004-06-30 | 1.08 |
| 2004-03-31 | 1.01 |
| 2003-12-31 | 0.93 |
| 2003-09-30 | 1.08 |
| 2003-06-30 | 1.09 |
| 2003-03-31 | 1.33 |
| 2002-12-31 | 1.06 |
| 2002-09-30 | 1.01 |