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 0.85 is in line with its 5-year average of 0.79, near the high end of its 5-year range (0.64–0.94).
As of the fiscal period ended Tuesday, March 31, 2026. 10.02% above its 12-month average of 0.78.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.85
QUICK RATIO (ACID-TEST) AVG TTM
0.78
QUICK RATIO (ACID-TEST) AVG 3Y
0.77
QUICK RATIO (ACID-TEST) AVG 5Y
0.79
QUICK RATIO (ACID-TEST) AVG 10Y
0.82
QUICK RATIO (ACID-TEST) AVG 15Y
0.84
QUICK RATIO (ACID-TEST) AVG 20Y
0.86
CURRENT VS TTM AVG
+10.02%
CURRENT VS 3Y AVG
+10.74%
CURRENT VS 5Y AVG
+7.47%
CURRENT VS 10Y AVG
+4.41%
CURRENT VS 15Y AVG
+1.87%
CURRENT VS 20Y AVG
-0.40%
SECTOR MEDIAN · INDUSTRIALS
1.16
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
-26.37%
vs the sector median at left
Johnson Controls International plc
Market Cap
$87.47B
Quick Ratio (Acid-Test)
0.85
TTM Avg
0.78
3Y Avg
0.77
5Y Avg
0.79
Market Cap
$85.70B
Quick Ratio (Acid-Test)
1.22
TTM Avg
1.17
3Y Avg
1.14
5Y Avg
1.18
Market Cap
$82.86B
Quick Ratio (Acid-Test)
0.65
TTM Avg
1.02
3Y Avg
1.32
5Y Avg
1.25
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
$93.91B
Quick Ratio (Acid-Test)
1.09
TTM Avg
1.18
3Y Avg
1.34
5Y Avg
1.42
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Johnson Controls International plc (JCI) | $87.47B | 0.85 | 0.78 | 0.77 | 0.79 |
| 3M Company (MMM)vs › | $89.02B | 1.33 | 1.21 | 1.05 | 1.12 |
| United Parcel Service, Inc. (UPS)vs › | $85.70B | 1.22 | 1.17 | 1.14 | 1.18 |
| Cummins Inc. (CMI)vs › | $91.71B | 1.16 | 0.98 | 0.87 | 0.99 |
| Emerson Electric Co. (EMR)vs › | $82.86B | 0.65 | 1.02 | 1.32 | 1.25 |
| 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 |
| Quanta Services, Inc. (PWR)vs › | $93.91B | 1.09 | 1.18 | 1.34 | 1.42 |
| Waste Management, Inc. (WM)vs › | $95.88B | 0.85 | 0.79 | 0.80 | 0.81 |
Quick Ratio
0.85
Excludes inventory
Current Ratio
0.93
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 | 0.85 |
| 2025-12-31 | 0.64 |
| 2025-09-30 | 0.76 |
| 2025-06-30 | 0.81 |
| 2025-03-31 | 0.81 |
| 2024-12-31 | 0.86 |
| 2024-09-30 | 0.79 |
| 2024-06-30 | 0.73 |
| 2024-03-31 | 0.65 |
| 2023-12-31 | 0.73 |
| 2023-09-30 | 0.80 |
| 2023-06-30 | 0.80 |
| 2023-03-31 | 0.78 |
| 2022-12-31 | 0.77 |
| 2022-09-30 | 0.80 |
| 2022-06-30 | 0.76 |
| 2022-03-31 | 0.78 |
| 2021-12-31 | 0.79 |
| 2021-09-30 | 0.87 |
| 2021-06-30 | 0.89 |
| 2021-03-31 | 0.94 |
| 2020-12-31 | 0.96 |
| 2020-09-30 | 1.00 |
| 2020-06-30 | 0.89 |
| 2020-03-31 | 0.83 |
| 2019-12-31 | 0.97 |
| 2019-09-30 | 1.17 |
| 2019-06-30 | 1.19 |
| 2019-03-31 | 0.80 |
| 2018-12-31 | 0.85 |
| 2018-09-30 | 0.89 |
| 2018-06-30 | 0.79 |
| 2018-03-31 | 0.79 |
| 2017-12-31 | 0.80 |
| 2017-09-30 | 0.77 |
| 2017-06-30 | 0.92 |
| 2017-03-31 | 0.94 |
| 2016-12-31 | 0.70 |
| 2016-09-30 | 0.87 |
| 2016-06-24 | 0.69 |
| 2016-03-25 | 0.69 |
| 2015-12-25 | 0.72 |
| 2015-09-30 | 0.77 |
| 2015-06-26 | 0.86 |
| 2015-03-27 | 0.82 |
| 2014-12-26 | 0.87 |
| 2014-09-30 | 0.91 |
| 2014-06-27 | 0.89 |
| 2014-03-28 | 0.87 |
| 2013-12-27 | 0.87 |
| 2013-09-30 | 0.94 |
| 2013-06-28 | 0.88 |
| 2013-03-29 | 0.87 |
| 2012-12-28 | 0.98 |
| 2012-09-30 | 0.96 |
| 2012-06-29 | 0.94 |
| 2012-03-30 | 0.95 |
| 2011-12-30 | 0.95 |
| 2011-09-30 | 0.90 |
| 2011-06-24 | 0.91 |
| 2011-03-25 | 0.98 |
| 2010-12-24 | 0.90 |
| 2010-09-30 | 0.89 |
| 2010-06-25 | 0.94 |
| 2010-03-26 | 0.94 |
| 2009-12-25 | 0.97 |
| 2009-09-30 | 0.95 |
| 2009-06-26 | 0.90 |
| 2009-03-27 | 0.89 |
| 2008-12-26 | 1.48 |
| 2008-09-30 | 0.87 |
| 2008-06-27 | 1.48 |
| 2008-03-28 | 1.43 |
| 2007-12-28 | 0.92 |
| 2007-09-30 | 0.98 |
| 2007-06-29 | 0.95 |
| 2007-03-30 | 0.87 |
| 2006-12-29 | 0.93 |
| 2006-09-30 | 0.92 |
| 2006-06-30 | 0.88 |
| 2006-03-31 | 0.86 |
| 2005-12-30 | 0.84 |
| 2005-09-30 | 0.90 |
| 2005-07-01 | 0.92 |
| 2005-04-01 | 0.95 |
| 2004-12-31 | 0.89 |
| 2004-09-30 | 0.86 |
| 2004-06-30 | 0.87 |
| 2004-03-31 | 0.86 |
| 2003-12-31 | 0.86 |
| 2003-09-30 | 0.86 |
| 2003-06-30 | 0.77 |
| 2003-03-31 | 0.80 |
| 2002-12-31 | 0.80 |
| 2002-09-30 | 0.89 |
| 2002-06-30 | 0.90 |
