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 1.03 is 14% above its 5-year average of 0.91, around the middle of its 5-year range (0.69–1.30).
As of the fiscal period ended Friday, July 3, 2026. 6.24% above its 12-month average of 0.97.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-07-03): 1.03.
QUICK RATIO (ACID-TEST)
1.03
QUICK RATIO (ACID-TEST) AVG TTM
0.97
QUICK RATIO (ACID-TEST) AVG 3Y
0.87
QUICK RATIO (ACID-TEST) AVG 5Y
0.91
QUICK RATIO (ACID-TEST) AVG 10Y
0.99
QUICK RATIO (ACID-TEST) AVG 15Y
1.03
QUICK RATIO (ACID-TEST) AVG 20Y
1.08
CURRENT VS TTM AVG
+6.24%
CURRENT VS 3Y AVG
+19.15%
CURRENT VS 5Y AVG
+13.98%
CURRENT VS 10Y AVG
+3.98%
CURRENT VS 15Y AVG
+0.43%
CURRENT VS 20Y AVG
-4.30%
SECTOR MEDIAN · INDUSTRIALS
1.15
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-9.65%
vs the sector median at left
L3Harris Technologies, Inc.
Market Cap
$45.72B
Quick Ratio (Acid-Test)
1.03
TTM Avg
0.97
3Y Avg
0.87
5Y Avg
0.91
Market Cap
$45.31B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.31
3Y Avg
1.31
5Y Avg
1.62
Market Cap
$47.37B
Quick Ratio (Acid-Test)
0.72
TTM Avg
0.91
3Y Avg
1.39
5Y Avg
1.39
Market Cap
$44.03B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.31
3Y Avg
1.31
5Y Avg
1.62
Market Cap
$47.67B
Quick Ratio (Acid-Test)
0.74
TTM Avg
0.74
3Y Avg
0.81
5Y Avg
0.86
Market Cap
$47.84B
Quick Ratio (Acid-Test)
0.59
TTM Avg
0.63
3Y Avg
0.64
5Y Avg
0.66
Market Cap
$42.50B
Quick Ratio (Acid-Test)
0.51
TTM Avg
0.82
3Y Avg
0.78
5Y Avg
0.92
Market Cap
$50.16B
Quick Ratio (Acid-Test)
0.83
TTM Avg
0.62
3Y Avg
0.62
5Y Avg
0.62
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| L3Harris Technologies, Inc. (LHX) | $45.72B | 1.03 | 0.97 | 0.87 | 0.91 |
| HEICO Corporation (HEI-A)vs › | $45.31B | 1.27 | 1.31 | 1.31 | 1.62 |
| Carrier Global Corporation (CARR)vs › | $47.37B | 0.72 | 0.91 | 1.39 | 1.39 |
| HEICO Corporation (HEI)vs › | $44.03B | 1.27 | 1.31 | 1.31 | 1.62 |
| Rockwell Automation, Inc. (ROK)vs › | $47.67B | 0.74 | 0.74 | 0.81 | 0.86 |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $47.84B | 0.59 | 0.63 | 0.64 | 0.66 |
| Ferguson plc (FERG)vs › | $43.16B | 0.93 | 0.94 | 0.95 | 0.96 |
| Thomson Reuters Corporation (TRI)vs › | $42.50B | 0.51 | 0.82 | 0.78 | 0.92 |
| Honeywell Aerospace Inc (HONA)vs › | $50.16B | 0.83 | 0.62 | 0.62 | 0.62 |
| Paychex, Inc. (PAYX)vs › | $41.19B | 1.26 | 1.27 | 1.30 | 1.28 |
Quick Ratio
1.03
Excludes inventory
Current Ratio
1.18
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) |
|---|---|
| 2026-07-03 | 1.03 |
| 2026-04-03 | 0.89 |
| 2026-01-02 | 1.02 |
| 2025-10-03 | 0.95 |
| 2025-06-27 | 0.87 |
| 2025-03-28 | 0.85 |
| 2025-01-03 | 0.90 |
| 2024-09-27 | 0.87 |
| 2024-06-28 | 0.74 |
| 2024-03-29 | 0.80 |
| 2023-12-29 | 0.80 |
| 2023-09-29 | 0.69 |
| 2023-06-30 | 0.84 |
| 2023-03-31 | 0.89 |
| 2022-12-30 | 0.95 |
| 2022-09-30 | 0.87 |
| 2022-07-01 | 1.01 |
| 2022-04-01 | 1.09 |
| 2021-12-31 | 1.18 |
| 2021-10-01 | 1.30 |
| 2021-07-02 | 1.50 |
| 2021-04-02 | 1.57 |
| 2021-01-01 | 1.34 |
| 2020-10-02 | 1.18 |
| 2020-07-03 | 1.32 |
| 2020-04-03 | 1.21 |
| 2019-12-31 | 1.27 |
| 2019-09-27 | 1.21 |
| 2019-06-28 | 0.98 |
| 2019-03-29 | 1.15 |
| 2018-12-28 | 1.04 |
| 2018-09-28 | 0.96 |
| 2018-06-29 | 0.98 |
| 2018-03-30 | 0.68 |
| 2017-12-29 | 0.68 |
| 2017-09-29 | 0.64 |
| 2017-06-30 | 0.64 |
| 2017-03-31 | 1.14 |
| 2016-12-30 | 0.97 |
| 2016-09-30 | 0.79 |
| 2016-07-01 | 0.89 |
| 2016-04-01 | 0.93 |
| 2016-01-01 | 0.89 |
| 2015-10-02 | 1.04 |
| 2015-07-03 | 0.95 |
| 2015-04-03 | 1.32 |
| 2015-01-02 | 1.26 |
| 2014-09-26 | 1.18 |
| 2014-06-27 | 1.23 |
| 2014-03-28 | 1.17 |
| 2013-12-27 | 1.12 |
| 2013-09-27 | 1.09 |
| 2013-06-28 | 0.99 |
| 2013-03-29 | 1.03 |
| 2012-12-28 | 1.41 |
| 2012-09-28 | 1.36 |
| 2012-06-29 | 1.40 |
| 2012-03-30 | 0.97 |
| 2011-12-30 | 0.92 |
| 2011-09-30 | 0.86 |
| 2011-07-01 | 1.05 |
| 2011-04-01 | 1.48 |
| 2010-12-31 | 1.61 |
| 2010-10-01 | 0.89 |
| 2010-07-02 | 1.32 |
| 2010-04-02 | 1.25 |
| 2010-01-01 | 1.19 |
| 2009-10-02 | 1.19 |
| 2009-07-03 | 1.13 |
| 2009-04-03 | 1.53 |
| 2009-01-02 | 1.47 |
| 2008-09-26 | 1.35 |
| 2008-06-27 | 1.59 |
| 2008-03-28 | 1.32 |
| 2007-12-28 | 1.32 |
| 2007-09-28 | 0.89 |
| 2007-06-29 | 0.78 |
| 2007-03-30 | 1.07 |
| 2006-12-29 | 1.17 |
| 2006-09-29 | 1.10 |
| 2006-06-30 | 1.35 |
| 2006-03-31 | 1.37 |
| 2005-12-30 | 1.42 |
| 2005-09-30 | 2.44 |
| 2005-07-01 | 1.64 |
| 2005-04-01 | 1.85 |
| 2004-12-31 | 1.75 |
| 2004-10-01 | 2.54 |
| 2004-07-02 | 2.43 |
| 2004-04-02 | 2.27 |
| 2004-01-02 | 2.35 |
| 2003-09-26 | 2.28 |
| 2003-06-27 | 2.31 |
| 2003-03-28 | 2.38 |
| 2002-12-27 | 2.41 |
| 2002-09-27 | 2.47 |