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 0.42 is 61% below its 5-year average of 1.08, near the low end of its 5-year range (0.41–1.98).
As of the fiscal period ended Tuesday, June 30, 2026. 3.97% below its 12-month average of 0.44.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.42
QUICK RATIO (ACID-TEST) AVG TTM
0.44
QUICK RATIO (ACID-TEST) AVG 3Y
0.76
QUICK RATIO (ACID-TEST) AVG 5Y
1.08
QUICK RATIO (ACID-TEST) AVG 10Y
0.97
QUICK RATIO (ACID-TEST) AVG 15Y
0.78
QUICK RATIO (ACID-TEST) AVG 20Y
0.83
CURRENT VS TTM AVG
-3.97%
CURRENT VS 3Y AVG
-44.65%
CURRENT VS 5Y AVG
-61.17%
CURRENT VS 10Y AVG
-56.73%
CURRENT VS 15Y AVG
-46.07%
CURRENT VS 20Y AVG
-49.24%
SECTOR MEDIAN · INDUSTRIALS
1.07
median of 104 covered companies
CURRENT VS SECTOR MEDIAN
-60.80%
vs the sector median at left
Southwest Airlines Co.
Market Cap
$22.10B
Quick Ratio (Acid-Test)
0.42
TTM Avg
0.44
3Y Avg
0.76
5Y Avg
1.08
Market Cap
$21.45B
Quick Ratio (Acid-Test)
2.64
TTM Avg
3.68
3Y Avg
3.22
5Y Avg
2.87
Market Cap
$23.44B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.79
3Y Avg
1.95
5Y Avg
1.95
Market Cap
$23.66B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.06
3Y Avg
1.05
5Y Avg
1.05
Market Cap
$23.89B
Quick Ratio (Acid-Test)
1.61
TTM Avg
1.60
3Y Avg
1.36
5Y Avg
1.25
Market Cap
$25.23B
Quick Ratio (Acid-Test)
1.05
TTM Avg
1.09
3Y Avg
1.19
5Y Avg
1.17
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Southwest Airlines Co. (LUV) | $22.10B | 0.42 | 0.44 | 0.76 | 1.08 |
| MasTec, Inc. (MTZ)vs › | $22.18B | 1.37 | 1.23 | 1.33 | 1.42 |
| Snap-on Incorporated (SNA)vs › | $21.45B | 2.64 | 3.68 | 3.22 | 2.87 |
| Equifax Inc. (EFX)vs › | $21.38B | N/A | 0.68 | 0.68 | 0.70 |
| Expeditors International of Washington, Inc. (EXPD)vs › | $23.44B | N/A | 1.79 | 1.95 | 1.95 |
| XPO Logistics, Inc. (XPO)vs › | $23.66B | N/A | 1.06 | 1.05 | 1.05 |
| Veralto Corporation (VLTO)vs › | $23.89B | 1.61 | 1.60 | 1.36 | 1.25 |
| Symbotic Inc. (SYM)vs › | $25.24B | 1.23 | 1.11 | 1.01 | 1.01 |
| Curtiss-Wright Corporation (CW)vs › | $25.23B | 1.05 | 1.09 | 1.19 | 1.17 |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $25.32B | N/A | 0.92 | 1.14 | 1.26 |
Quick Ratio
0.42
Excludes inventory
Current Ratio
0.49
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 | 0.42 |
| 2026-03-31 | 0.41 |
| 2025-12-31 | 0.45 |
| 2025-09-30 | 0.42 |
| 2025-06-30 | 0.49 |
| 2025-03-31 | 0.72 |
| 2024-12-31 | 0.85 |
| 2024-09-30 | 0.83 |
| 2024-06-30 | 0.85 |
| 2024-03-31 | 1.02 |
| 2023-12-31 | 1.07 |
| 2023-09-30 | 1.14 |
| 2023-06-30 | 1.19 |
| 2023-03-31 | 1.19 |
| 2022-12-31 | 1.35 |
| 2022-09-30 | 1.50 |
| 2022-06-30 | 1.59 |
| 2022-03-31 | 1.81 |
| 2021-12-31 | 1.91 |
| 2021-09-30 | 1.98 |
| 2021-06-30 | 1.50 |
| 2021-03-31 | 1.91 |
| 2020-12-31 | 1.97 |
| 2020-09-30 | 2.01 |
| 2020-06-30 | 1.65 |
| 2020-03-31 | 0.64 |
| 2019-12-31 | 0.61 |
| 2019-09-30 | 0.59 |
| 2019-06-30 | 0.59 |
| 2019-03-31 | 0.57 |
| 2018-12-31 | 0.58 |
| 2018-09-30 | 0.65 |
| 2018-06-30 | 0.64 |
| 2018-03-31 | 0.61 |
| 2017-12-31 | 0.64 |
| 2017-09-30 | 0.55 |
| 2017-06-30 | 0.56 |
| 2017-03-31 | 0.58 |
| 2016-12-31 | 0.61 |
| 2016-09-30 | 0.58 |
| 2016-06-30 | 0.53 |
| 2016-03-31 | 0.52 |
| 2015-12-31 | 0.50 |
| 2015-09-30 | 0.60 |
| 2015-06-30 | 0.62 |
| 2015-03-31 | 0.67 |
| 2014-12-31 | 0.66 |
| 2014-09-30 | 0.69 |
| 2014-06-30 | 0.69 |
| 2014-03-31 | 0.68 |
| 2013-12-31 | 0.70 |
| 2013-09-30 | 0.77 |
| 2013-06-30 | 0.76 |
| 2013-03-31 | 0.75 |
| 2012-12-31 | 0.81 |
| 2012-09-30 | 0.83 |
| 2012-06-30 | 0.84 |
| 2012-03-31 | 0.93 |
| 2011-12-31 | 0.87 |
| 2011-09-30 | 0.78 |
| 2011-06-30 | 0.95 |
| 2011-03-31 | 1.15 |
| 2010-12-31 | 1.22 |
| 2010-09-30 | 1.20 |
| 2010-06-30 | 1.12 |
| 2010-03-31 | 1.16 |
| 2009-12-31 | 1.17 |
| 2009-09-30 | 0.97 |
| 2009-06-30 | 0.94 |
| 2009-03-31 | 0.90 |
| 2008-12-31 | 0.96 |
| 2008-09-30 | 0.90 |
| 2008-06-30 | 1.03 |
| 2008-03-31 | 0.83 |
| 2007-12-31 | 0.86 |
| 2007-09-30 | 0.70 |
| 2007-06-30 | 0.76 |
| 2007-03-31 | 0.80 |
| 2006-12-31 | 0.84 |
| 2006-09-30 | 0.79 |
| 2006-06-30 | 0.89 |
| 2006-03-31 | 0.88 |
| 2005-12-31 | 0.90 |
| 2005-09-30 | 1.14 |
| 2005-06-30 | 1.06 |
| 2005-03-31 | 1.08 |
| 2004-12-31 | 0.95 |
| 2004-09-30 | 1.15 |
| 2004-06-30 | 1.02 |
| 2004-03-31 | 1.05 |
| 2003-12-31 | 1.29 |
| 2003-09-30 | 1.48 |
| 2003-06-30 | 1.50 |
| 2003-03-31 | 1.41 |
| 2002-12-31 | 1.50 |
| 2002-09-30 | 1.58 |
