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 2.68 is 16% below its 5-year average of 3.18, around the middle of its 5-year range (1.00–5.37).
As of the fiscal period ended Tuesday, June 30, 2026. 15.32% below its 12-month average of 3.17.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
2.68
QUICK RATIO (ACID-TEST) AVG TTM
3.17
QUICK RATIO (ACID-TEST) AVG 3Y
2.61
QUICK RATIO (ACID-TEST) AVG 5Y
3.18
QUICK RATIO (ACID-TEST) AVG 10Y
4.03
QUICK RATIO (ACID-TEST) AVG 15Y
4.37
QUICK RATIO (ACID-TEST) AVG 20Y
10.62
CURRENT VS TTM AVG
-15.32%
CURRENT VS 3Y AVG
+2.91%
CURRENT VS 5Y AVG
-15.74%
CURRENT VS 10Y AVG
-33.35%
CURRENT VS 15Y AVG
-38.60%
CURRENT VS 20Y AVG
-74.73%
SECTOR MEDIAN · BASIC MATERIALS
1.22
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
+119.93%
vs the sector median at left
Royal Gold, Inc.
Market Cap
$22.12B
Quick Ratio (Acid-Test)
2.68
TTM Avg
3.17
3Y Avg
2.61
5Y Avg
3.18
Market Cap
$22.01B
Quick Ratio (Acid-Test)
0.84
TTM Avg
1.06
3Y Avg
1.07
5Y Avg
1.12
Market Cap
$21.58B
Quick Ratio (Acid-Test)
1.72
TTM Avg
1.07
3Y Avg
1.06
5Y Avg
1.08
Market Cap
$21.47B
Quick Ratio (Acid-Test)
1.07
TTM Avg
1.16
3Y Avg
1.13
5Y Avg
1.14
Market Cap
$20.39B
Quick Ratio (Acid-Test)
2.27
TTM Avg
1.92
3Y Avg
2.29
5Y Avg
2.32
Market Cap
$20.06B
Quick Ratio (Acid-Test)
4.32
TTM Avg
2.82
3Y Avg
3.07
5Y Avg
2.50
Market Cap
$24.19B
Quick Ratio (Acid-Test)
2.23
TTM Avg
2.12
3Y Avg
1.87
5Y Avg
1.90
Market Cap
$25.35B
Quick Ratio (Acid-Test)
1.15
TTM Avg
1.08
3Y Avg
1.07
5Y Avg
1.05
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Royal Gold, Inc. (RGLD) | $22.12B | 2.68 | 3.17 | 2.61 | 3.18 |
| International Paper Company (IP)vs › | $22.01B | 0.84 | 1.06 | 1.07 | 1.12 |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.58B | 1.72 | 1.07 | 1.06 | 1.08 |
| LyondellBasell Industries N.V. (LYB)vs › | $21.47B | 1.07 | 1.16 | 1.13 | 1.14 |
| Dow Inc. (DOW)vs › | $23.05B | 7.24 | 1.11 | 1.15 | 1.13 |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.39B | 2.27 | 1.92 | 2.29 | 2.32 |
| CF Industries Holdings, Inc. (CF)vs › | $20.06B | 4.32 | 2.82 | 3.07 | 2.50 |
| Carpenter Technology Corporation (CRS)vs › | $24.19B | 2.23 | 2.12 | 1.87 | 1.90 |
| PPG Industries, Inc. (PPG)vs › | $25.35B | 1.15 | 1.08 | 1.07 | 1.05 |
| DuPont de Nemours, Inc. (DD)vs › | $18.60B | 1.82 | 1.40 | 1.73 | 1.93 |
Quick Ratio
2.68
Excludes inventory
Current Ratio
2.92
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 | 2.68 |
| 2026-03-31 | 3.26 |
| 2025-12-31 | 2.91 |
| 2025-09-30 | 2.68 |
| 2025-06-30 | 4.32 |
| 2025-03-31 | 4.52 |
| 2024-12-31 | 3.08 |
| 2024-09-30 | 2.21 |
| 2024-06-30 | 1.00 |
| 2024-03-31 | 2.35 |
| 2023-12-31 | 2.18 |
| 2023-09-30 | 2.17 |
| 2023-06-30 | 2.45 |
| 2023-03-31 | 3.23 |
| 2022-12-31 | 2.72 |
| 2022-09-30 | 2.61 |
| 2022-06-30 | 5.11 |
| 2022-03-31 | 5.05 |
| 2021-12-31 | 3.33 |
| 2021-09-30 | 3.65 |
| 2021-06-30 | 5.37 |
| 2021-03-31 | 6.89 |
| 2020-12-31 | 5.37 |
| 2020-09-30 | 8.06 |
| 2020-06-30 | 8.05 |
| 2020-03-31 | 2.78 |
| 2019-12-31 | 2.74 |
| 2019-09-30 | 4.74 |
| 2019-06-30 | 4.26 |
| 2019-03-31 | 5.13 |
| 2018-12-31 | 5.27 |
| 2018-09-30 | 4.00 |
| 2018-06-30 | 2.27 |
| 2018-03-31 | 3.20 |
| 2017-12-31 | 3.80 |
| 2017-09-30 | 3.73 |
| 2017-06-30 | 3.96 |
| 2017-03-31 | 5.15 |
| 2016-12-31 | 5.64 |
| 2016-09-30 | 7.01 |
| 2016-06-30 | 6.13 |
| 2016-03-31 | 7.02 |
| 2015-12-31 | 7.53 |
| 2015-09-30 | 5.62 |
| 2015-06-30 | 31.82 |
| 2015-03-31 | 29.55 |
| 2014-12-31 | 38.62 |
| 2014-09-30 | 36.44 |
| 2014-06-30 | 32.70 |
| 2014-03-31 | 27.89 |
| 2013-12-31 | 30.11 |
| 2013-09-30 | 25.51 |
| 2013-06-30 | 21.22 |
| 2013-03-31 | 34.61 |
| 2012-12-31 | 42.10 |
| 2012-09-30 | 19.24 |
| 2012-06-30 | 29.27 |
| 2012-03-31 | 8.07 |
| 2011-12-31 | 5.50 |
| 2011-09-30 | 5.12 |
| 2011-06-30 | 5.87 |
| 2011-03-31 | 5.45 |
| 2010-12-31 | 3.38 |
| 2010-09-30 | 9.85 |
| 2010-06-30 | 10.38 |
| 2010-03-31 | 2.53 |
| 2009-12-31 | 45.42 |
| 2009-09-30 | 62.19 |
| 2009-06-30 | 51.50 |
| 2009-03-31 | 6.84 |
| 2008-12-31 | 3.62 |
| 2008-09-30 | 16.98 |
| 2008-06-30 | 23.62 |
| 2008-03-31 | 22.32 |
| 2007-12-31 | 25.02 |
| 2007-09-30 | 11.27 |
| 2007-06-30 | 20.41 |
| 2007-03-31 | 4.99 |
| 2006-12-31 | 14.08 |
| 2006-09-30 | 13.09 |
| 2006-06-30 | 25.48 |
| 2006-03-31 | 20.30 |
| 2005-12-31 | 16.10 |
| 2005-09-30 | 20.92 |
| 2005-06-30 | 19.40 |
| 2005-03-31 | 14.46 |
| 2004-12-31 | 12.74 |
| 2004-09-30 | 15.96 |
| 2004-06-30 | 21.26 |
| 2004-03-31 | 17.47 |
| 2003-12-31 | 17.18 |
| 2003-09-30 | 26.39 |
| 2003-06-30 | 14.69 |
| 2003-03-31 | 16.77 |
| 2002-12-31 | 8.04 |
| 2002-09-30 | 21.50 |
