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 1.18 is in line with its 5-year average of 1.27, near the low end of its 5-year range (1.04–1.52).
As of the fiscal period ended Tuesday, June 30, 2026. 5.52% below its 12-month average of 1.25.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.18
QUICK RATIO (ACID-TEST) AVG TTM
1.25
QUICK RATIO (ACID-TEST) AVG 3Y
1.19
QUICK RATIO (ACID-TEST) AVG 5Y
1.27
QUICK RATIO (ACID-TEST) AVG 10Y
1.22
QUICK RATIO (ACID-TEST) AVG 15Y
1.33
QUICK RATIO (ACID-TEST) AVG 20Y
1.34
CURRENT VS TTM AVG
-5.52%
CURRENT VS 3Y AVG
-0.94%
CURRENT VS 5Y AVG
-6.99%
CURRENT VS 10Y AVG
-3.01%
CURRENT VS 15Y AVG
-11.49%
CURRENT VS 20Y AVG
-12.03%
SECTOR MEDIAN · INDUSTRIALS
1.17
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+0.77%
vs the sector median at left
United Parcel Service, Inc.
Market Cap
$88.54B
Quick Ratio (Acid-Test)
1.18
TTM Avg
1.25
3Y Avg
1.19
5Y Avg
1.27
Market Cap
$90.56B
Quick Ratio (Acid-Test)
0.85
TTM Avg
0.79
3Y Avg
0.80
5Y Avg
0.81
Market Cap
$93.00B
Quick Ratio (Acid-Test)
1.22
TTM Avg
1.23
3Y Avg
1.26
5Y Avg
1.23
Market Cap
$83.91B
Quick Ratio (Acid-Test)
0.65
TTM Avg
1.02
3Y Avg
1.32
5Y Avg
1.25
Market Cap
$82.56B
Quick Ratio (Acid-Test)
0.89
TTM Avg
0.94
3Y Avg
0.95
5Y Avg
1.20
Market Cap
$81.89B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.54
3Y Avg
1.27
5Y Avg
1.11
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Parcel Service, Inc. (UPS) | $88.54B | 1.18 | 1.25 | 1.19 | 1.27 |
| Cummins Inc. (CMI)vs › | $87.51B | 1.16 | 0.98 | 0.87 | 0.99 |
| Waste Management, Inc. (WM)vs › | $90.56B | 0.85 | 0.79 | 0.80 | 0.81 |
| 3M Company (MMM)vs › | $90.91B | 1.33 | 1.21 | 1.05 | 1.12 |
| Vertiv Holdings Co (VRT)vs › | $93.00B | 1.22 | 1.23 | 1.26 | 1.23 |
| Emerson Electric Co. (EMR)vs › | $83.91B | 0.65 | 1.02 | 1.32 | 1.25 |
| CSX Corporation (CSX)vs › | $93.36B | 0.69 | 0.71 | 0.94 | 1.23 |
| Illinois Tool Works Inc. (ITW)vs › | $82.56B | 0.89 | 0.94 | 0.95 | 1.20 |
| Cintas Corporation (CTAS)vs › | $81.89B | 1.27 | 1.54 | 1.27 | 1.11 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.14B | 0.41 | 0.46 | 0.47 | 0.44 |
Quick Ratio
1.18
Excludes inventory
Current Ratio
1.22
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 | 1.18 |
| 2026-03-31 | 1.21 |
| 2025-12-31 | 1.22 |
| 2025-09-30 | 1.30 |
| 2025-06-30 | 1.32 |
| 2025-03-31 | 1.09 |
| 2024-12-31 | 1.12 |
| 2024-09-30 | 1.14 |
| 2024-06-30 | 1.25 |
| 2024-03-31 | 1.04 |
| 2023-12-31 | 1.05 |
| 2023-09-30 | 1.22 |
| 2023-06-30 | 1.32 |
| 2023-03-31 | 1.34 |
| 2022-12-31 | 1.18 |
| 2022-09-30 | 1.39 |
| 2022-06-30 | 1.47 |
| 2022-03-31 | 1.52 |
| 2021-12-31 | 1.38 |
| 2021-09-30 | 1.48 |
| 2021-06-30 | 1.39 |
| 2021-03-31 | 1.29 |
| 2020-12-31 | 1.15 |
| 2020-09-30 | 1.29 |
| 2020-06-30 | 1.24 |
| 2020-03-31 | 1.22 |
| 2019-12-31 | 1.08 |
| 2019-09-30 | 1.11 |
| 2019-06-30 | 1.09 |
| 2019-03-31 | 1.13 |
| 2018-12-31 | 1.12 |
| 2018-09-30 | 1.14 |
| 2018-06-30 | 1.11 |
| 2018-03-31 | 1.22 |
| 2017-12-31 | 1.21 |
| 2017-09-30 | 1.06 |
| 2017-06-30 | 1.12 |
| 2017-03-31 | 1.01 |
| 2016-12-31 | 1.14 |
| 2016-09-30 | 1.18 |
| 2016-06-30 | 1.32 |
| 2016-03-31 | 1.25 |
| 2015-12-31 | 1.21 |
| 2015-09-30 | 1.14 |
| 2015-06-30 | 1.34 |
| 2015-03-31 | 1.31 |
| 2014-12-31 | 1.26 |
| 2014-09-30 | 1.46 |
| 2014-06-30 | 1.48 |
| 2014-03-31 | 1.59 |
| 2013-12-31 | 1.82 |
| 2013-09-30 | 1.76 |
| 2013-06-30 | 1.84 |
| 2013-03-31 | 1.80 |
| 2012-12-31 | 1.81 |
| 2012-09-30 | 1.59 |
| 2012-06-30 | 1.75 |
| 2012-03-31 | 1.79 |
| 2011-12-31 | 1.83 |
| 2011-09-30 | 1.68 |
| 2011-06-30 | 1.70 |
| 2011-03-31 | 1.66 |
| 2010-12-31 | 1.96 |
| 2010-09-30 | 1.58 |
| 2010-06-30 | 1.43 |
| 2010-03-31 | 1.37 |
| 2009-12-31 | 1.49 |
| 2009-09-30 | 1.41 |
| 2009-06-30 | 1.42 |
| 2009-03-31 | 1.29 |
| 2008-12-31 | 1.13 |
| 2008-09-30 | 1.12 |
| 2008-06-30 | 1.00 |
| 2008-03-31 | 1.07 |
| 2007-12-31 | 1.20 |
| 2007-09-30 | 1.22 |
| 2007-06-30 | 1.31 |
| 2007-03-31 | 1.36 |
| 2006-12-31 | 1.40 |
| 2006-09-30 | 1.30 |
| 2006-06-30 | 1.59 |
| 2006-03-31 | 1.55 |
| 2005-12-31 | 1.58 |
| 2005-09-30 | 1.45 |
| 2005-06-30 | 2.00 |
| 2005-03-31 | 1.95 |
| 2004-12-31 | 1.94 |
| 2004-09-30 | 1.92 |
| 2004-06-30 | 1.83 |
| 2004-03-31 | 1.81 |
| 2003-12-31 | 1.80 |
| 2003-09-30 | 1.65 |
| 2003-06-30 | 1.72 |
| 2003-03-31 | 1.61 |
| 2002-12-31 | 1.57 |
| 2002-09-30 | 1.35 |
