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 0.73 is in line with its 5-year average of 0.79, around the middle of its 5-year range (0.54–1.14).
As of the fiscal period ended Tuesday, June 30, 2026. 3.59% below its 12-month average of 0.76.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.73.
QUICK RATIO (ACID-TEST)
0.73
QUICK RATIO (ACID-TEST) AVG TTM
0.76
QUICK RATIO (ACID-TEST) AVG 3Y
0.72
QUICK RATIO (ACID-TEST) AVG 5Y
0.79
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
-3.59%
CURRENT VS 3Y AVG
+1.28%
CURRENT VS 5Y AVG
-7.61%
CURRENT VS 10Y AVG
-8.88%
CURRENT VS 15Y AVG
-16.49%
CURRENT VS 20Y AVG
-19.77%
SECTOR MEDIAN · INDUSTRIALS
1.15
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-35.88%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$71.94B
Quick Ratio (Acid-Test)
0.73
TTM Avg
0.76
3Y Avg
0.72
5Y Avg
0.79
Market Cap
$73.73B
Quick Ratio (Acid-Test)
1.06
TTM Avg
0.94
3Y Avg
0.98
5Y Avg
1.10
Market Cap
$73.81B
Quick Ratio (Acid-Test)
1.44
TTM Avg
1.29
3Y Avg
1.31
5Y Avg
1.34
Market Cap
$73.95B
Quick Ratio (Acid-Test)
0.61
TTM Avg
0.47
3Y Avg
0.52
5Y Avg
0.63
Market Cap
$68.53B
Quick Ratio (Acid-Test)
0.62
TTM Avg
0.59
3Y Avg
0.60
5Y Avg
0.62
Market Cap
$77.15B
Quick Ratio (Acid-Test)
0.81
TTM Avg
0.94
3Y Avg
0.95
5Y Avg
1.20
Market Cap
$78.44B
Quick Ratio (Acid-Test)
0.50
TTM Avg
0.46
3Y Avg
0.47
5Y Avg
0.44
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norfolk Southern Corporation (NSC) | $71.94B | 0.73 | 0.76 | 0.72 | 0.79 |
| Northrop Grumman Corporation (NOC)vs › | $73.73B | 1.06 | 0.94 | 0.98 | 1.10 |
| FedEx Corporation (FDX)vs › | $73.81B | 1.44 | 1.29 | 1.31 | 1.34 |
| Canadian National Railway Company (CNI)vs › | $73.95B | 0.61 | 0.47 | 0.52 | 0.63 |
| Republic Services, Inc. (RSG)vs › | $68.53B | 0.62 | 0.59 | 0.60 | 0.62 |
| Cummins Inc. (CMI)vs › | $76.83B | 1.13 | 0.98 | 0.87 | 0.99 |
| Illinois Tool Works Inc. (ITW)vs › | $77.15B | 0.81 | 0.94 | 0.95 | 1.20 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.44B | 0.50 | 0.46 | 0.47 | 0.44 |
| PACCAR Inc (PCAR)vs › | $64.60B | 2.90 | 2.67 | 2.50 | 2.48 |
| Honeywell International Inc. (HON)vs › | $64.14B | 0.93 | 1.03 | 0.99 | 1.04 |
Quick Ratio
0.73
Excludes inventory
Current Ratio
0.83
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 | 0.73 |
| 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 |
