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 0.55 is 14% above its 5-year average of 0.48, near the high end of its 5-year range (0.34–0.63).
As of the fiscal period ended Tuesday, June 30, 2026. 9.33% above its 12-month average of 0.50.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.55
QUICK RATIO (ACID-TEST) AVG TTM
0.50
QUICK RATIO (ACID-TEST) AVG 3Y
0.48
QUICK RATIO (ACID-TEST) AVG 5Y
0.48
QUICK RATIO (ACID-TEST) AVG 10Y
0.54
QUICK RATIO (ACID-TEST) AVG 15Y
0.52
QUICK RATIO (ACID-TEST) AVG 20Y
0.53
CURRENT VS TTM AVG
+9.33%
CURRENT VS 3Y AVG
+13.98%
CURRENT VS 5Y AVG
+14.21%
CURRENT VS 10Y AVG
+1.56%
CURRENT VS 15Y AVG
+5.27%
CURRENT VS 20Y AVG
+3.65%
SECTOR MEDIAN · CONSUMER DEFENSIVE
0.65
median of 46 covered companies
CURRENT VS SECTOR MEDIAN
-15.55%
vs the sector median at left
Philip Morris International Inc.
Market Cap
$294.51B
Quick Ratio (Acid-Test)
0.55
TTM Avg
0.50
3Y Avg
0.48
5Y Avg
0.48
Market Cap
$342.96B
Quick Ratio (Acid-Test)
0.47
TTM Avg
0.48
3Y Avg
0.48
5Y Avg
0.48
Market Cap
$376.21B
Quick Ratio (Acid-Test)
1.12
TTM Avg
1.04
3Y Avg
0.99
5Y Avg
1.00
Market Cap
$426.56B
Quick Ratio (Acid-Test)
0.61
TTM Avg
0.49
3Y Avg
0.52
5Y Avg
0.51
Market Cap
$158.09B
Quick Ratio (Acid-Test)
0.50
TTM Avg
0.55
3Y Avg
0.52
5Y Avg
0.55
Market Cap
$108.70B
Quick Ratio (Acid-Test)
0.30
TTM Avg
0.44
3Y Avg
0.49
5Y Avg
0.52
Market Cap
$91.31B
Quick Ratio (Acid-Test)
3.22
TTM Avg
2.90
3Y Avg
3.40
5Y Avg
3.60
Market Cap
$81.08B
Quick Ratio (Acid-Test)
0.40
TTM Avg
0.43
3Y Avg
0.43
5Y Avg
0.45
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Philip Morris International Inc. (PM) | $294.51B | 0.55 | 0.50 | 0.48 | 0.48 |
| The Procter & Gamble Company (PG)vs › | $342.96B | 0.47 | 0.48 | 0.48 | 0.48 |
| The Coca-Cola Company (KO)vs › | $376.21B | 1.12 | 1.04 | 0.99 | 1.00 |
| PepsiCo, Inc. (PEP)vs › | $192.09B | 0.74 | 0.66 | 0.65 | 0.68 |
| Costco Wholesale Corporation (COST)vs › | $426.56B | 0.61 | 0.49 | 0.52 | 0.51 |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $158.09B | 0.50 | 0.55 | 0.52 | 0.55 |
| Altria Group, Inc. (MO)vs › | $108.70B | 0.30 | 0.44 | 0.49 | 0.52 |
| Monster Beverage Corporation (MNST)vs › | $91.31B | 3.22 | 2.90 | 3.40 | 3.60 |
| Mondelez International, Inc. (MDLZ)vs › | $81.08B | 0.40 | 0.43 | 0.43 | 0.45 |
| Colgate-Palmolive Company (CL)vs › | $74.36B | 0.67 | 0.61 | 0.67 | 0.66 |
Quick Ratio
0.55
Excludes inventory
Current Ratio
0.98
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 | 0.55 |
| 2026-03-31 | 0.54 |
| 2025-12-31 | 0.51 |
| 2025-09-30 | 0.46 |
| 2025-06-30 | 0.45 |
| 2025-03-31 | 0.43 |
| 2024-12-31 | 0.47 |
| 2024-09-30 | 0.49 |
| 2024-06-30 | 0.52 |
| 2024-03-31 | 0.49 |
| 2023-12-31 | 0.34 |
| 2023-09-30 | 0.44 |
| 2023-06-30 | 0.43 |
| 2023-03-31 | 0.39 |
| 2022-12-31 | 0.36 |
| 2022-09-30 | 0.57 |
| 2022-06-30 | 0.53 |
| 2022-03-31 | 0.49 |
| 2021-12-31 | 0.47 |
| 2021-09-30 | 0.54 |
| 2021-06-30 | 0.63 |
| 2021-03-31 | 0.58 |
| 2020-12-31 | 0.61 |
| 2020-09-30 | 0.60 |
| 2020-06-30 | 0.56 |
| 2020-03-31 | 0.47 |
| 2019-12-31 | 0.60 |
| 2019-09-30 | 0.61 |
| 2019-06-30 | 0.49 |
| 2019-03-31 | 0.40 |
| 2018-12-31 | 0.62 |
| 2018-09-30 | 0.65 |
| 2018-06-30 | 0.64 |
| 2018-03-31 | 0.68 |
| 2017-12-31 | 0.80 |
| 2017-09-30 | 0.68 |
| 2017-06-30 | 0.62 |
| 2017-03-31 | 0.66 |
| 2016-12-31 | 0.52 |
| 2016-09-30 | 0.64 |
| 2016-06-30 | 0.64 |
| 2016-03-31 | 0.51 |
| 2015-12-31 | 0.48 |
| 2015-09-30 | 0.49 |
| 2015-06-30 | 0.43 |
| 2015-03-31 | 0.45 |
| 2014-12-31 | 0.46 |
| 2014-09-30 | 0.45 |
| 2014-06-30 | 0.47 |
| 2014-03-31 | 0.44 |
| 2013-12-31 | 0.41 |
| 2013-09-30 | 0.50 |
| 2013-06-30 | 0.58 |
| 2013-03-31 | 0.60 |
| 2012-12-31 | 0.45 |
| 2012-09-30 | 0.56 |
| 2012-06-30 | 0.49 |
| 2012-03-31 | 0.53 |
| 2011-12-31 | 0.46 |
| 2011-09-30 | 0.48 |
| 2011-06-30 | 0.44 |
| 2011-03-31 | 0.36 |
| 2010-12-31 | 0.42 |
| 2010-09-30 | 0.53 |
| 2010-06-30 | 0.54 |
| 2010-03-31 | 0.50 |
| 2009-12-31 | 0.49 |
| 2009-09-30 | 0.55 |
| 2009-06-30 | 0.67 |
| 2009-03-31 | 0.71 |
| 2008-12-31 | 0.52 |
| 2008-09-30 | 0.57 |
| 2008-06-30 | 0.59 |
| 2008-03-31 | 0.62 |
| 2007-12-31 | 0.67 |
| 2007-09-30 | 0.00 |
| 2007-06-30 | 0.00 |
| 2007-03-31 | 0.00 |
| 2006-12-31 | 0.69 |
| 2001-09-30 | 4.76 |
| 2001-08-01 | 0.00 |
