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 1.06 is in line with its 5-year average of 1.04, around the middle of its 5-year range (0.82–1.36).
As of the fiscal period ended Tuesday, June 30, 2026. 7.07% above its 12-month average of 0.99.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.06
QUICK RATIO (ACID-TEST) AVG TTM
0.99
QUICK RATIO (ACID-TEST) AVG 3Y
1.00
QUICK RATIO (ACID-TEST) AVG 5Y
1.04
QUICK RATIO (ACID-TEST) AVG 10Y
1.10
QUICK RATIO (ACID-TEST) AVG 15Y
1.15
QUICK RATIO (ACID-TEST) AVG 20Y
1.09
CURRENT VS TTM AVG
+7.07%
CURRENT VS 3Y AVG
+6.03%
CURRENT VS 5Y AVG
+1.72%
CURRENT VS 10Y AVG
-3.10%
CURRENT VS 15Y AVG
-7.60%
CURRENT VS 20Y AVG
-2.50%
SECTOR MEDIAN · INDUSTRIALS
1.12
median of 109 covered companies
CURRENT VS SECTOR MEDIAN
-5.16%
vs the sector median at left
Northrop Grumman Corporation
Market Cap
$83.07B
Quick Ratio (Acid-Test)
1.06
TTM Avg
0.99
3Y Avg
1.00
5Y Avg
1.04
Market Cap
$83.53B
Quick Ratio (Acid-Test)
0.81
TTM Avg
0.94
3Y Avg
0.95
5Y Avg
1.20
Market Cap
$82.34B
Quick Ratio (Acid-Test)
0.50
TTM Avg
0.46
3Y Avg
0.47
5Y Avg
0.44
Market Cap
$79.83B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.54
3Y Avg
1.27
5Y Avg
1.11
Market Cap
$79.30B
Quick Ratio (Acid-Test)
1.44
TTM Avg
1.29
3Y Avg
1.31
5Y Avg
1.34
Market Cap
$88.98B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.17
3Y Avg
1.14
5Y Avg
1.18
Market Cap
$76.67B
Quick Ratio (Acid-Test)
0.61
TTM Avg
0.47
3Y Avg
0.52
5Y Avg
0.63
Market Cap
$89.82B
Quick Ratio (Acid-Test)
0.87
TTM Avg
0.79
3Y Avg
0.80
5Y Avg
0.81
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northrop Grumman Corporation (NOC) | $83.07B | 1.06 | 0.99 | 1.00 | 1.04 |
| Illinois Tool Works Inc. (ITW)vs › | $83.53B | 0.81 | 0.94 | 0.95 | 1.20 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $82.34B | 0.50 | 0.46 | 0.47 | 0.44 |
| Cintas Corporation (CTAS)vs › | $79.83B | 1.27 | 1.54 | 1.27 | 1.11 |
| FedEx Corporation (FDX)vs › | $79.30B | 1.44 | 1.29 | 1.31 | 1.34 |
| Cummins Inc. (CMI)vs › | $87.13B | 1.13 | 0.98 | 0.87 | 0.99 |
| United Parcel Service, Inc. (UPS)vs › | $88.98B | N/A | 1.17 | 1.14 | 1.18 |
| Canadian National Railway Company (CNI)vs › | $76.67B | 0.61 | 0.47 | 0.52 | 0.63 |
| Waste Management, Inc. (WM)vs › | $89.82B | 0.87 | 0.79 | 0.80 | 0.81 |
| Norfolk Southern Corporation (NSC)vs › | $75.31B | 0.73 | 0.80 | 0.85 | 0.86 |
Quick Ratio
1.06
Excludes inventory
Current Ratio
1.17
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 | 1.06 |
| 2026-03-31 | 1.02 |
| 2025-12-31 | 0.99 |
| 2025-09-30 | 0.97 |
| 2025-06-30 | 0.91 |
| 2025-03-31 | 0.82 |
| 2024-12-31 | 0.89 |
| 2024-09-30 | 0.95 |
| 2024-06-30 | 0.97 |
| 2024-03-31 | 1.01 |
| 2023-12-31 | 1.04 |
| 2023-09-30 | 1.13 |
| 2023-06-30 | 1.07 |
| 2023-03-31 | 1.10 |
| 2022-12-31 | 0.98 |
| 2022-09-30 | 1.03 |
| 2022-06-30 | 1.18 |
| 2022-03-31 | 1.21 |
| 2021-12-31 | 1.20 |
| 2021-09-30 | 1.34 |
| 2021-06-30 | 1.36 |
| 2021-03-31 | 1.34 |
| 2020-12-31 | 1.50 |
| 2020-09-30 | 1.31 |
| 2020-06-30 | 1.25 |
| 2020-03-31 | 1.20 |
| 2019-12-31 | 1.04 |
| 2019-09-30 | 1.18 |
| 2019-06-30 | 1.13 |
| 2019-03-31 | 1.10 |
| 2018-12-31 | 1.09 |
| 2018-09-30 | 1.16 |
| 2018-06-30 | 1.15 |
| 2018-03-31 | 2.45 |
| 2017-12-31 | 2.27 |
| 2017-09-30 | 1.05 |
| 2017-06-30 | 0.94 |
| 2017-03-31 | 1.09 |
| 2016-12-31 | 1.07 |
| 2016-09-30 | 0.97 |
| 2016-06-30 | 0.94 |
| 2016-03-31 | 0.97 |
| 2015-12-31 | 1.01 |
| 2015-09-30 | 0.99 |
| 2015-06-30 | 1.09 |
| 2015-03-31 | 1.20 |
| 2014-12-31 | 1.26 |
| 2014-09-30 | 1.35 |
| 2014-06-30 | 1.41 |
| 2014-03-31 | 1.48 |
| 2013-12-31 | 1.51 |
| 2013-09-30 | 1.53 |
| 2013-06-30 | 1.56 |
| 2013-03-31 | 1.25 |
| 2012-12-31 | 1.25 |
| 2012-09-30 | 1.28 |
| 2012-06-30 | 1.25 |
| 2012-03-31 | 1.17 |
| 2011-12-31 | 1.12 |
| 2011-09-30 | 1.19 |
| 2011-06-30 | 1.19 |
| 2011-03-31 | 1.33 |
| 2010-12-31 | 1.04 |
| 2010-09-30 | 1.01 |
| 2010-06-30 | 0.94 |
| 2010-03-31 | 0.95 |
| 2009-12-31 | 1.07 |
| 2009-09-30 | 0.94 |
| 2009-06-30 | 0.85 |
| 2009-03-31 | 0.81 |
| 2008-12-31 | 0.83 |
| 2008-09-30 | 0.86 |
| 2008-06-30 | 0.91 |
| 2008-03-31 | 0.86 |
| 2007-12-31 | 0.89 |
| 2007-09-30 | 0.86 |
| 2007-06-30 | 0.83 |
| 2007-03-31 | 0.77 |
| 2006-12-31 | 0.82 |
| 2006-09-30 | 0.85 |
| 2006-06-30 | 0.81 |
| 2006-03-31 | 0.76 |
| 2005-12-31 | 0.80 |
| 2005-09-30 | 0.89 |
| 2005-06-30 | 0.87 |
| 2005-03-31 | 0.83 |
| 2004-12-31 | 0.94 |
| 2004-09-30 | 0.76 |
| 2004-06-30 | 0.80 |
| 2004-03-31 | 0.74 |
| 2003-12-31 | 0.72 |
| 2003-09-30 | 0.78 |
| 2003-06-30 | 0.77 |
| 2003-03-31 | 0.81 |
| 2002-12-31 | 1.30 |
| 2002-09-30 | 0.76 |