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 2.39 is 19% above its 5-year average of 2.01, near the high end of its 5-year range (1.29–2.59).
As of the fiscal period ended Tuesday, June 30, 2026. 0.11% below its 12-month average of 2.40.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 2.39.
QUICK RATIO (ACID-TEST)
2.39
QUICK RATIO (ACID-TEST) AVG TTM
2.40
QUICK RATIO (ACID-TEST) AVG 3Y
2.30
QUICK RATIO (ACID-TEST) AVG 5Y
2.01
QUICK RATIO (ACID-TEST) AVG 10Y
1.90
QUICK RATIO (ACID-TEST) AVG 15Y
1.84
QUICK RATIO (ACID-TEST) AVG 20Y
1.74
CURRENT VS TTM AVG
-0.11%
CURRENT VS 3Y AVG
+4.25%
CURRENT VS 5Y AVG
+19.20%
CURRENT VS 10Y AVG
+25.89%
CURRENT VS 15Y AVG
+30.08%
CURRENT VS 20Y AVG
+37.28%
SECTOR MEDIAN · ENERGY
1.06
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+125.73%
vs the sector median at left
Market Cap
$28.43B
Quick Ratio (Acid-Test)
1.50
TTM Avg
1.52
3Y Avg
1.51
5Y Avg
1.57
Market Cap
$27.70B
Quick Ratio (Acid-Test)
0.50
TTM Avg
0.45
3Y Avg
0.54
5Y Avg
0.49
Market Cap
$35.21B
Quick Ratio (Acid-Test)
1.11
TTM Avg
1.05
3Y Avg
1.36
5Y Avg
1.36
Market Cap
$23.95B
Quick Ratio (Acid-Test)
4.55
TTM Avg
6.37
3Y Avg
8.91
5Y Avg
7.91
Market Cap
$21.62B
Quick Ratio (Acid-Test)
2.00
TTM Avg
2.00
3Y Avg
2.42
5Y Avg
2.61
Market Cap
$20.45B
Quick Ratio (Acid-Test)
0.96
TTM Avg
0.82
3Y Avg
1.16
5Y Avg
0.98
Market Cap
$40.42B
Quick Ratio (Acid-Test)
2.10
TTM Avg
1.24
3Y Avg
1.94
5Y Avg
2.60
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tenaris S.A. (TS) | $30.33B | 2.39 | 2.40 | 2.30 | 2.01 |
| EQT Corporation (EQT)vs › | $31.49B | 0.67 | 0.73 | 0.88 | 0.78 |
| Halliburton Company (HAL)vs › | $28.43B | 1.50 | 1.52 | 1.51 | 1.57 |
| Pembina Pipeline Corporation (PBA)vs › | $27.70B | 0.50 | 0.45 | 0.54 | 0.49 |
| Venture Global, Inc. (VG)vs › | $35.21B | 1.11 | 1.05 | 1.36 | 1.36 |
| Texas Pacific Land Corporation (TPL)vs › | $23.95B | 4.55 | 6.37 | 8.91 | 7.91 |
| First Solar, Inc. (FSLR)vs › | $21.62B | 2.00 | 2.00 | 2.42 | 2.61 |
| Expand Energy Corporation (EXE)vs › | $20.45B | 0.96 | 0.82 | 1.16 | 0.98 |
| Cameco Corporation (CCJ)vs › | $40.42B | 2.10 | 1.24 | 1.94 | 2.60 |
| APA Corporation (APA)vs › | $16.07B | 0.79 | 0.85 | 0.83 | 0.88 |
Quick Ratio
2.39
Excludes inventory
Current Ratio
4.07
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 | 2.39 |
| 2026-03-31 | 2.59 |
| 2025-12-31 | 2.33 |
| 2025-09-30 | 2.55 |
| 2025-06-30 | 2.11 |
| 2025-03-31 | 2.53 |
| 2024-12-31 | 2.10 |
| 2024-09-30 | 2.27 |
| 2024-06-30 | 1.89 |
| 2024-03-31 | 2.19 |
| 2023-12-31 | 2.27 |
| 2023-09-30 | 2.40 |
| 2023-06-30 | 2.21 |
| 2023-03-31 | 1.97 |
| 2022-12-31 | 1.61 |
| 2022-09-30 | 1.40 |
| 2022-06-30 | 1.29 |
| 2022-03-31 | 1.41 |
| 2021-12-31 | 1.47 |
| 2021-09-30 | 1.43 |
| 2021-06-30 | 1.73 |
| 2021-03-31 | 1.99 |
| 2020-12-31 | 2.26 |
| 2020-09-30 | 2.23 |
| 2020-06-30 | 1.94 |
| 2020-03-31 | 1.55 |
| 2019-12-31 | 1.91 |
| 2019-09-30 | 1.76 |
| 2019-06-30 | 1.70 |
| 2019-03-31 | 1.75 |
| 2018-12-31 | 1.71 |
| 2018-09-30 | 1.45 |
| 2018-06-30 | 1.35 |
| 2018-03-31 | 1.48 |
| 2017-12-31 | 1.45 |
| 2017-09-30 | 1.54 |
| 2017-06-30 | 1.59 |
| 2017-03-31 | 1.97 |
| 2016-12-31 | 1.97 |
| 2016-09-30 | 2.11 |
| 2016-06-30 | 2.04 |
| 2016-03-31 | 2.13 |
| 2015-12-31 | 2.22 |
| 2015-09-30 | 1.95 |
| 2015-06-30 | 1.94 |
| 2015-03-31 | 1.94 |
| 2014-12-31 | 1.77 |
| 2014-09-30 | 1.70 |
| 2014-06-30 | 1.84 |
| 2014-03-31 | 2.00 |
| 2013-12-31 | 1.99 |
| 2013-09-30 | 1.83 |
| 2013-06-30 | 1.67 |
| 2013-03-31 | 1.60 |
| 2012-12-31 | 1.41 |
| 2012-09-30 | 1.32 |
| 2012-06-30 | 1.23 |
| 2012-03-31 | 1.48 |
| 2011-12-31 | 1.49 |
| 2011-09-30 | 1.39 |
| 2011-06-30 | 1.37 |
| 2011-03-31 | 1.50 |
| 2010-12-31 | 1.47 |
| 2010-09-30 | 1.68 |
| 2010-06-30 | 1.68 |
| 2010-03-31 | 2.03 |
| 2009-12-31 | 2.00 |
| 2009-09-30 | 1.90 |
| 2009-06-30 | 1.59 |
| 2009-03-31 | 1.37 |
| 2008-12-31 | 1.10 |
| 2008-09-30 | 1.05 |
| 2008-06-30 | 1.02 |
| 2008-03-31 | 1.17 |
| 2007-12-31 | 1.07 |
| 2007-09-30 | 1.22 |
| 2007-06-30 | 1.16 |
| 2007-03-31 | 1.44 |
| 2006-12-31 | 1.32 |
| 2006-09-30 | 1.66 |
| 2006-06-30 | 1.56 |
| 2006-03-31 | 1.50 |
| 2005-12-31 | 1.41 |
| 2005-09-30 | 1.24 |
| 2005-06-30 | 1.12 |
| 2005-03-31 | 1.03 |
| 2004-12-31 | 0.87 |
| 2004-09-30 | 0.87 |
| 2004-06-30 | 0.92 |
| 2004-03-31 | 0.90 |
| 2003-12-31 | 0.91 |
| 2003-09-30 | 0.77 |
| 2003-06-30 | 0.79 |
| 2003-03-31 | 0.93 |