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 1.45 is 12% below its 5-year average of 1.65, near the low end of its 5-year range (1.08–2.51).
As of the fiscal period ended Tuesday, June 30, 2026. 5.55% above its 12-month average of 1.38.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.45
QUICK RATIO (ACID-TEST) AVG TTM
1.38
QUICK RATIO (ACID-TEST) AVG 3Y
1.37
QUICK RATIO (ACID-TEST) AVG 5Y
1.65
QUICK RATIO (ACID-TEST) AVG 10Y
1.91
QUICK RATIO (ACID-TEST) AVG 15Y
1.82
QUICK RATIO (ACID-TEST) AVG 20Y
1.65
CURRENT VS TTM AVG
+5.55%
CURRENT VS 3Y AVG
+6.50%
CURRENT VS 5Y AVG
-11.92%
CURRENT VS 10Y AVG
-23.99%
CURRENT VS 15Y AVG
-19.91%
CURRENT VS 20Y AVG
-11.92%
SECTOR MEDIAN · BASIC MATERIALS
1.18
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+23.21%
vs the sector median at left
Steel Dynamics, Inc.
Market Cap
$38.12B
Quick Ratio (Acid-Test)
1.45
TTM Avg
1.38
3Y Avg
1.37
5Y Avg
1.65
Market Cap
$37.16B
Quick Ratio (Acid-Test)
1.20
TTM Avg
1.63
3Y Avg
1.75
5Y Avg
1.71
Market Cap
$33.24B
Quick Ratio (Acid-Test)
0.22
TTM Avg
1.88
3Y Avg
1.91
5Y Avg
1.88
Market Cap
$28.34B
Quick Ratio (Acid-Test)
2.23
TTM Avg
2.12
3Y Avg
1.87
5Y Avg
1.90
Market Cap
$26.48B
Quick Ratio (Acid-Test)
1.15
TTM Avg
1.08
3Y Avg
1.07
5Y Avg
1.05
Market Cap
$22.48B
Quick Ratio (Acid-Test)
1.72
TTM Avg
1.07
3Y Avg
1.06
5Y Avg
1.08
Market Cap
$22.37B
Quick Ratio (Acid-Test)
0.84
TTM Avg
1.06
3Y Avg
1.07
5Y Avg
1.12
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $38.12B | 1.45 | 1.38 | 1.37 | 1.65 |
| Vulcan Materials Company (VMC)vs › | $37.16B | 1.20 | 1.63 | 1.75 | 1.71 |
| Martin Marietta Materials, Inc. (MLM)vs › | $33.24B | 0.22 | 1.88 | 1.91 | 1.88 |
| Nutrien Ltd. (NTR)vs › | $32.12B | 0.59 | 0.67 | 0.65 | 0.66 |
| Carpenter Technology Corporation (CRS)vs › | $28.34B | 2.23 | 2.12 | 1.87 | 1.90 |
| PPG Industries, Inc. (PPG)vs › | $26.48B | 1.15 | 1.08 | 1.07 | 1.05 |
| Corteva, Inc. (CTVA)vs › | $52.62B | 1.10 | 0.95 | 0.93 | 0.99 |
| International Flavors & Fragrances Inc. (IFF)vs › | $22.48B | 1.72 | 1.07 | 1.06 | 1.08 |
| International Paper Company (IP)vs › | $22.37B | 0.84 | 1.06 | 1.07 | 1.12 |
| Reliance Steel & Aluminum Co. (RS)vs › | $21.50B | 2.27 | 1.92 | 2.29 | 2.32 |
Quick Ratio
1.45
Excludes inventory
Current Ratio
3.18
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 | 1.45 |
| 2026-03-31 | 1.33 |
| 2025-12-31 | 1.29 |
| 2025-09-30 | 1.47 |
| 2025-06-30 | 1.34 |
| 2025-03-31 | 1.38 |
| 2024-12-31 | 1.08 |
| 2024-09-30 | 1.26 |
| 2024-06-30 | 1.19 |
| 2024-03-31 | 1.55 |
| 2023-12-31 | 1.67 |
| 2023-09-30 | 2.23 |
| 2023-06-30 | 2.47 |
| 2023-03-31 | 2.51 |
| 2022-12-31 | 2.22 |
| 2022-09-30 | 2.08 |
| 2022-06-30 | 1.87 |
| 2022-03-31 | 1.74 |
| 2021-12-31 | 1.51 |
| 2021-09-30 | 1.51 |
| 2021-06-30 | 1.50 |
| 2021-03-31 | 1.61 |
| 2020-12-31 | 1.92 |
| 2020-09-30 | 1.91 |
| 2020-06-30 | 2.20 |
| 2020-03-31 | 2.42 |
| 2019-12-31 | 2.55 |
| 2019-09-30 | 2.24 |
| 2019-06-30 | 2.40 |
| 2019-03-31 | 2.15 |
| 2018-12-31 | 2.13 |
| 2018-09-30 | 2.17 |
| 2018-06-30 | 1.92 |
| 2018-03-31 | 2.38 |
| 2017-12-31 | 2.29 |
| 2017-09-30 | 1.95 |
| 2017-06-30 | 2.30 |
| 2017-03-31 | 2.14 |
| 2016-12-31 | 2.32 |
| 2016-09-30 | 2.34 |
| 2016-06-30 | 2.41 |
| 2016-03-31 | 2.54 |
| 2015-12-31 | 2.59 |
| 2015-09-30 | 1.96 |
| 2015-06-30 | 1.86 |
| 2015-03-31 | 1.62 |
| 2014-12-31 | 1.59 |
| 2014-09-30 | 1.22 |
| 2014-06-30 | 1.84 |
| 2014-03-31 | 1.26 |
| 2013-12-31 | 1.19 |
| 2013-09-30 | 1.25 |
| 2013-06-30 | 1.23 |
| 2013-03-31 | 1.57 |
| 2012-12-31 | 1.79 |
| 2012-09-30 | 1.74 |
| 2012-06-30 | 1.18 |
| 2012-03-31 | 1.12 |
| 2011-12-31 | 1.14 |
| 2011-09-30 | 1.86 |
| 2011-06-30 | 1.76 |
| 2011-03-31 | 1.58 |
| 2010-12-31 | 1.58 |
| 2010-09-30 | 1.68 |
| 2010-06-30 | 1.61 |
| 2010-03-31 | 1.62 |
| 2009-12-31 | 1.01 |
| 2009-09-30 | 0.99 |
| 2009-06-30 | 1.15 |
| 2009-03-31 | 0.73 |
| 2008-12-31 | 0.71 |
| 2008-09-30 | 0.73 |
| 2008-06-30 | 1.02 |
| 2008-03-31 | 1.02 |
| 2007-12-31 | 0.88 |
| 2007-09-30 | 0.81 |
| 2007-06-30 | 0.86 |
| 2007-03-31 | 0.95 |
| 2006-12-31 | 1.17 |
| 2006-09-30 | 1.23 |
| 2006-06-30 | 1.64 |
| 2006-03-31 | 1.95 |
| 2005-12-31 | 1.58 |
| 2005-09-30 | 1.52 |
| 2005-06-30 | 1.61 |
| 2005-03-31 | 1.35 |
| 2004-12-31 | 1.27 |
| 2004-09-30 | 1.89 |
| 2004-06-30 | 1.35 |
| 2004-03-31 | 1.27 |
| 2003-12-31 | 1.46 |
| 2003-09-30 | 1.20 |
| 2003-06-30 | 1.14 |
| 2003-03-31 | 1.16 |
| 2002-12-31 | 1.39 |
| 2002-09-30 | 0.95 |
