ON Semiconductor Corporation (ON) Quick Ratio (Acid-Test): 2.98
Is ON Semiconductor Corporation’s quick ratio (acid-test) high or low?
ON Semiconductor Corporation's quick ratio (acid-test) of 2.98 is 40% above its 5-year average of 2.14, near the high end of its 5-year range (1.15–3.38).
The quick ratio (acid-test) for ON Semiconductor Corporation (ON) is 2.98 as of Wednesday, June 10, 2026. It is below its 12-month average by 6.29% (3.18).
ON Quick Ratio (Acid-Test) Chart
ON Average Quick Ratio (Acid-Test) Chart
ON Current vs Average Quick Ratio (Acid-Test) Chart
ON Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
2.98
QUICK RATIO (ACID-TEST) AVG TTM
3.18
QUICK RATIO (ACID-TEST) AVG 3Y
2.52
QUICK RATIO (ACID-TEST) AVG 5Y
2.14
QUICK RATIO (ACID-TEST) AVG 10Y
1.69
QUICK RATIO (ACID-TEST) AVG 15Y
1.54
QUICK RATIO (ACID-TEST) AVG 20Y
1.47
CURRENT VS TTM AVG
-6.29%
CURRENT VS 3Y AVG
+18.02%
CURRENT VS 5Y AVG
+39.58%
CURRENT VS 10Y AVG
+76.62%
CURRENT VS 15Y AVG
+93.90%
CURRENT VS 20Y AVG
+103.18%
ON Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ON Semiconductor Corporation (ON) | — | 2.98 | 3.18 | 2.52 | 2.14 |
| Block, Inc. (XYZ) | $39.66B | 2.19 | 2.25 | 2.08 | 2.02 |
| Microchip Technology Incorporated (MCHP) | $47.58B | 1.18 | 1.32 | 0.97 | 0.94 |
| Workday, Inc. (WDAY) | $36.01B | 1.32 | 1.58 | 1.70 | 1.48 |
| Fiserv, Inc. (FI) | $34.31B | 1.03 | 1.04 | 1.04 | 1.04 |
| Block, Inc. (SQ) | $51.73B | -0.18 | 2.15 | 2.02 | 1.97 |
| ANSYS, Inc. (ANSS) | $32.91B | 3.01 | 2.65 | 3.06 | 3.33 |
| NetApp, Inc. (NTAP) | $31.83B | 1.39 | 1.30 | 1.26 | 1.37 |
| Twilio Inc. (TWLO) | $31.43B | 4.03 | 4.12 | 5.26 | 6.17 |
| Teradyne, Inc. (TER) | $55.07B | 1.41 | 1.63 | 1.81 | 2.08 |
Liquidity Comparison
Quick Ratio
2.98
Excludes inventory
Current Ratio
4.52
Includes inventory
ON Semiconductor Corporation Quick Ratio (Acid-Test) Formula & Definition
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
ON Semiconductor Corporation Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for ON Semiconductor Corporation (ON)?
- The quick ratio (acid-test) for ON stock is 2.98.
- Is ON Semiconductor Corporation's quick ratio (acid-test) high or low?
- ON Semiconductor Corporation's quick ratio (acid-test) of 2.98 is 40% above its 5-year average of 2.14, near the high end of its 5-year range (1.15–3.38).
- What is the TTM average quick ratio (acid-test) for ON Semiconductor Corporation (ON)?
- The TTM average quick ratio (acid-test) for ON stock is 3.18.
- What is the 3Y average quick ratio (acid-test) for ON Semiconductor Corporation (ON)?
- The 3Y average quick ratio (acid-test) for ON stock is 2.52.
- What is the 5Y average quick ratio (acid-test) for ON Semiconductor Corporation (ON)?
- The 5Y average quick ratio (acid-test) for ON stock is 2.14.
- What is the 10Y average quick ratio (acid-test) for ON Semiconductor Corporation (ON)?
- The 10Y average quick ratio (acid-test) for ON stock is 1.69.
- What is the 15Y average quick ratio (acid-test) for ON Semiconductor Corporation (ON)?
- The 15Y average quick ratio (acid-test) for ON stock is 1.54.
- What is the 20Y average quick ratio (acid-test) for ON Semiconductor Corporation (ON)?
- The 20Y average quick ratio (acid-test) for ON stock is 1.47.
ON Semiconductor Corporation Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2025-12-31 | 2.98 |
| 2024-12-31 | 3.38 |
| 2023-12-31 | 1.74 |
| 2022-12-31 | 2.00 |
| 2021-12-31 | 1.56 |
| 2020-12-31 | 1.15 |
| 2019-12-31 | 0.98 |
| 2018-12-31 | 1.32 |
| 2017-12-31 | 1.31 |
| 2016-12-31 | 1.22 |
| 2015-12-31 | 0.92 |
| 2014-12-31 | 1.03 |
| 2013-12-31 | 1.34 |
| 2012-12-31 | 1.09 |
| 2011-12-31 | 1.17 |
| 2010-12-31 | 1.40 |
| 2009-12-31 | 1.45 |
| 2008-12-31 | 1.30 |
| 2007-12-31 | 1.25 |
| 2006-12-31 | 1.13 |
| 2005-12-31 | 1.08 |
| 2004-12-31 | 1.06 |
| 2003-12-31 | 1.13 |
| 2002-12-31 | 1.11 |
| 2001-12-31 | 1.10 |
| 2000-12-31 | 1.33 |
| 1999-12-31 | 1.32 |
Related Metrics
About ON Semiconductor Corporation
ON Semiconductor Corporation operates as a global provider of sophisticated power and sensing solutions. Their cutting-edge power innovations are pivotal in modernizing various sectors: they contribute to the development of lighter, extended-range electric vehicles, underpin rapid-charging infrastructure, and bolster sustainable energy initiatives for applications such as solar arrays, industrial power systems, and energy storage. The company's operations are structured into three main divisions: the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group. ON Semiconductor offers a broad array of semiconductor products, including analog components, discrete devices, modules, and integrated circuits. These products are designed to perform numerous critical functions, such as power switching, energy conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation. Beyond these standard offerings, the firm also designs and develops specialized analog, mixed-signal, advanced logic, application-specific integrated circuits (ASICs) and standard products, radio frequency (RF) components, and integrated power management solutions, catering to a diverse range of end-market consumers. Furthermore, it provides foundry and design services specifically for government clients. The company's portfolio also encompasses advanced imaging technologies. This includes the creation of complementary metal-oxide-semiconductor (CMOS) image sensors, sophisticated image signal processors, and single photon detectors like silicon photomultipliers (SiPMs) and single-photon avalanche diode (SPAD) arrays. Additionally, ON Semiconductor produces actuator drivers essential for autofocus and image stabilization, serving a wide spectrum of end-users across numerous industries. Established in 1992, ON Semiconductor Corporation is headquartered in Phoenix, Arizona.
- Sector
- Technology
- Industry
- Semiconductors
- CEO
- Hassane S. El-Khoury