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 0.83 is in line with its 5-year average of 0.80, around the middle of its 5-year range (0.54–1.14).
As of the fiscal period ended Tuesday, June 30, 2026. 6.44% above its 12-month average of 0.78.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.83
QUICK RATIO (ACID-TEST) AVG TTM
0.78
QUICK RATIO (ACID-TEST) AVG 3Y
0.73
QUICK RATIO (ACID-TEST) AVG 5Y
0.80
QUICK RATIO (ACID-TEST) AVG 10Y
0.81
QUICK RATIO (ACID-TEST) AVG 15Y
0.88
QUICK RATIO (ACID-TEST) AVG 20Y
0.92
CURRENT VS TTM AVG
+6.44%
CURRENT VS 3Y AVG
+13.40%
CURRENT VS 5Y AVG
+4.00%
CURRENT VS 10Y AVG
+2.86%
CURRENT VS 15Y AVG
-5.62%
CURRENT VS 20Y AVG
-9.28%
SECTOR MEDIAN · INDUSTRIALS
1.16
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
-28.35%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$75.59B
Quick Ratio (Acid-Test)
0.83
TTM Avg
0.78
3Y Avg
0.73
5Y Avg
0.80
Market Cap
$76.32B
Quick Ratio (Acid-Test)
1.05
TTM Avg
1.03
3Y Avg
0.99
5Y Avg
1.04
Market Cap
$76.95B
Quick Ratio (Acid-Test)
0.99
TTM Avg
0.94
3Y Avg
0.98
5Y Avg
1.10
Market Cap
$73.03B
Quick Ratio (Acid-Test)
1.44
TTM Avg
1.29
3Y Avg
1.31
5Y Avg
1.34
Market Cap
$78.22B
Quick Ratio (Acid-Test)
0.47
TTM Avg
0.47
3Y Avg
0.52
5Y Avg
0.63
Market Cap
$71.32B
Quick Ratio (Acid-Test)
2.25
TTM Avg
1.77
3Y Avg
2.45
5Y Avg
2.80
Market Cap
$80.26B
Quick Ratio (Acid-Test)
0.41
TTM Avg
0.46
3Y Avg
0.47
5Y Avg
0.44
Market Cap
$81.47B
Quick Ratio (Acid-Test)
0.65
TTM Avg
1.02
3Y Avg
1.32
5Y Avg
1.25
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norfolk Southern Corporation (NSC) | $75.59B | 0.83 | 0.78 | 0.73 | 0.80 |
| Honeywell International Inc. (HON)vs › | $76.32B | 1.05 | 1.03 | 0.99 | 1.04 |
| Northrop Grumman Corporation (NOC)vs › | $76.95B | 0.99 | 0.94 | 0.98 | 1.10 |
| FedEx Corporation (FDX)vs › | $73.03B | 1.44 | 1.29 | 1.31 | 1.34 |
| Canadian National Railway Company (CNI)vs › | $78.22B | 0.47 | 0.47 | 0.52 | 0.63 |
| TransDigm Group Incorporated (TDG)vs › | $71.32B | 2.25 | 1.77 | 2.45 | 2.80 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.26B | 0.41 | 0.46 | 0.47 | 0.44 |
| PACCAR Inc (PCAR)vs › | $70.67B | 1.42 | 1.94 | 2.13 | 2.24 |
| Emerson Electric Co. (EMR)vs › | $81.47B | 0.65 | 1.02 | 1.32 | 1.25 |
| Cummins Inc. (CMI)vs › | $82.61B | 1.16 | 0.98 | 0.87 | 0.99 |
Quick Ratio
0.83
Excludes inventory
Current Ratio
0.85
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 | 0.83 |
| 2026-03-31 | 0.81 |
| 2025-12-31 | 0.78 |
| 2025-09-30 | 0.78 |
| 2025-06-30 | 0.71 |
| 2025-03-31 | 0.70 |
| 2024-12-31 | 0.82 |
| 2024-09-30 | 0.65 |
| 2024-06-30 | 0.54 |
| 2024-03-31 | 0.61 |
| 2023-12-31 | 1.14 |
| 2023-09-30 | 0.97 |
| 2023-06-30 | 0.59 |
| 2023-03-31 | 0.66 |
| 2022-12-31 | 0.66 |
| 2022-09-30 | 0.87 |
| 2022-06-30 | 0.98 |
| 2022-03-31 | 0.87 |
| 2021-12-31 | 0.77 |
| 2021-09-30 | 1.03 |
| 2021-06-30 | 0.99 |
| 2021-03-31 | 0.92 |
| 2020-12-31 | 0.97 |
| 2020-09-30 | 1.16 |
| 2020-06-30 | 1.08 |
| 2020-03-31 | 0.78 |
| 2019-12-31 | 0.80 |
| 2019-09-30 | 0.63 |
| 2019-06-30 | 0.68 |
| 2019-03-31 | 0.59 |
| 2018-12-31 | 0.64 |
| 2018-09-30 | 0.75 |
| 2018-06-30 | 0.70 |
| 2018-03-31 | 0.94 |
| 2017-12-31 | 0.76 |
| 2017-09-30 | 0.73 |
| 2017-06-30 | 0.70 |
| 2017-03-31 | 0.84 |
| 2016-12-31 | 0.87 |
| 2016-09-30 | 0.90 |
| 2016-06-30 | 0.92 |
| 2016-03-31 | 0.90 |
| 2015-12-31 | 1.06 |
| 2015-09-30 | 0.72 |
| 2015-06-30 | 0.97 |
| 2015-03-31 | 0.88 |
| 2014-12-31 | 1.43 |
| 2014-09-30 | 1.33 |
| 2014-06-30 | 1.27 |
| 2014-03-31 | 1.25 |
| 2013-12-31 | 1.24 |
| 2013-09-30 | 0.97 |
| 2013-06-30 | 1.02 |
| 2013-03-31 | 1.09 |
| 2012-12-31 | 0.97 |
| 2012-09-30 | 1.08 |
| 2012-06-30 | 0.93 |
| 2012-03-31 | 1.09 |
| 2011-12-31 | 0.91 |
| 2011-09-30 | 0.83 |
| 2011-06-30 | 1.21 |
| 2011-03-31 | 1.05 |
| 2010-12-31 | 1.11 |
| 2010-09-30 | 1.26 |
| 2010-06-30 | 1.11 |
| 2010-03-31 | 1.12 |
| 2009-12-31 | 1.16 |
| 2009-09-30 | 1.10 |
| 2009-06-30 | 1.01 |
| 2009-03-31 | 0.99 |
| 2008-12-31 | 0.86 |
| 2008-09-30 | 0.81 |
| 2008-06-30 | 0.86 |
| 2008-03-31 | 0.83 |
| 2007-12-31 | 0.77 |
| 2007-09-30 | 0.83 |
| 2007-06-30 | 0.90 |
| 2007-03-31 | 0.99 |
| 2006-12-31 | 1.07 |
| 2006-09-30 | 0.94 |
| 2006-06-30 | 1.18 |
| 2006-03-31 | 1.43 |
| 2005-12-31 | 1.31 |
| 2005-09-30 | 1.16 |
| 2005-06-30 | 1.14 |
| 2005-03-31 | 1.14 |
| 2004-12-31 | 0.85 |
| 2004-09-30 | 0.80 |
| 2004-06-30 | 0.69 |
| 2004-03-31 | 0.73 |
| 2003-12-31 | 0.74 |
| 2003-09-30 | 0.64 |
| 2003-06-30 | 0.58 |
| 2003-03-31 | 0.57 |
| 2002-12-31 | 0.65 |
| 2002-09-30 | 0.57 |
