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 1.10 is in line with its 5-year average of 1.12, near the low end of its 5-year range (1.05–1.26).
As of the fiscal period ended Tuesday, June 30, 2026. 3.98% below its 12-month average of 1.14.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.10
QUICK RATIO (ACID-TEST) AVG TTM
1.14
QUICK RATIO (ACID-TEST) AVG 3Y
1.12
QUICK RATIO (ACID-TEST) AVG 5Y
1.11
QUICK RATIO (ACID-TEST) AVG 10Y
1.08
QUICK RATIO (ACID-TEST) AVG 15Y
1.08
QUICK RATIO (ACID-TEST) AVG 20Y
1.07
CURRENT VS TTM AVG
-3.98%
CURRENT VS 3Y AVG
-2.33%
CURRENT VS 5Y AVG
-1.14%
CURRENT VS 10Y AVG
+1.73%
CURRENT VS 15Y AVG
+1.71%
CURRENT VS 20Y AVG
+2.81%
SECTOR MEDIAN · FINANCIAL SERVICES
0.90
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+22.04%
vs the sector median at left
Willis Towers Watson Public Limited Company
Market Cap
$31.73B
Quick Ratio (Acid-Test)
1.10
TTM Avg
1.14
3Y Avg
1.12
5Y Avg
1.11
Market Cap
$32.47B
Quick Ratio (Acid-Test)
1.87
TTM Avg
1.83
3Y Avg
1.53
5Y Avg
1.44
Market Cap
$30.30B
Quick Ratio (Acid-Test)
1.04
TTM Avg
0.65
3Y Avg
0.43
5Y Avg
0.37
Market Cap
$33.33B
Quick Ratio (Acid-Test)
0.41
TTM Avg
0.43
3Y Avg
0.50
5Y Avg
0.57
Market Cap
$33.81B
Quick Ratio (Acid-Test)
0.32
TTM Avg
0.35
3Y Avg
0.35
5Y Avg
0.39
Market Cap
$34.54B
Quick Ratio (Acid-Test)
0.19
TTM Avg
0.17
3Y Avg
0.14
5Y Avg
0.13
Market Cap
$35.12B
Quick Ratio (Acid-Test)
1.21
TTM Avg
0.92
3Y Avg
0.79
5Y Avg
0.77
Market Cap
$35.70B
Quick Ratio (Acid-Test)
0.32
TTM Avg
0.27
3Y Avg
0.26
5Y Avg
0.27
Market Cap
$27.27B
Quick Ratio (Acid-Test)
1.29
TTM Avg
1.30
3Y Avg
1.28
5Y Avg
1.30
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Willis Towers Watson Public Limited Company (WTW) | $31.73B | 1.10 | 1.14 | 1.12 | 1.11 |
| Cboe Global Markets, Inc. (CBOE)vs › | $32.47B | 1.87 | 1.83 | 1.53 | 1.44 |
| Citizens Financial Group, Inc. (CFG)vs › | $30.30B | 1.04 | 0.65 | 0.43 | 0.37 |
| Northern Trust Corporation (NTRS)vs › | $33.33B | 0.41 | 0.43 | 0.50 | 0.57 |
| Raymond James Financial, Inc. (RJF)vs › | $33.81B | 0.32 | 0.35 | 0.35 | 0.39 |
| Huntington Bancshares Incorporated (HBAN)vs › | $34.54B | 0.19 | 0.17 | 0.14 | 0.13 |
| Arch Capital Group Ltd. (ACGL)vs › | $35.12B | 1.21 | 0.92 | 0.79 | 0.77 |
| M&T Bank Corporation (MTB)vs › | $35.70B | 0.32 | 0.27 | 0.26 | 0.27 |
| Cincinnati Financial Corporation (CINF)vs › | $27.27B | 1.29 | 1.30 | 1.28 | 1.30 |
| W. R. Berkley Corporation (WRB)vs › | $27.00B | 1.39 | 1.38 | 1.36 | 1.37 |
Quick Ratio
1.10
Excludes inventory
Current Ratio
1.20
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 | 1.10 |
| 2026-03-31 | 1.19 |
| 2025-12-31 | 1.20 |
| 2025-09-30 | 1.10 |
| 2025-06-30 | 1.13 |
| 2025-03-31 | 1.16 |
| 2024-12-31 | 1.20 |
| 2024-09-30 | 1.14 |
| 2024-06-30 | 1.11 |
| 2024-03-31 | 1.12 |
| 2023-12-31 | 1.06 |
| 2023-09-30 | 1.05 |
| 2023-06-30 | 1.07 |
| 2023-03-31 | 1.07 |
| 2022-12-31 | 1.07 |
| 2022-09-30 | 1.07 |
| 2022-06-30 | 1.11 |
| 2022-03-31 | 1.10 |
| 2021-12-31 | 1.26 |
| 2021-09-30 | 1.11 |
| 2021-06-30 | 1.07 |
| 2021-03-31 | 1.10 |
| 2020-12-31 | 1.05 |
| 2020-09-30 | 1.04 |
| 2020-06-30 | 1.05 |
| 2020-03-31 | 1.05 |
| 2019-12-31 | 1.06 |
| 2019-09-30 | 1.04 |
| 2019-06-30 | 1.07 |
| 2019-03-31 | 1.08 |
| 2018-12-31 | 1.07 |
| 2018-09-30 | 1.08 |
| 2018-06-30 | 1.09 |
| 2018-03-31 | 1.11 |
| 2017-12-31 | 1.07 |
| 2017-09-30 | 1.08 |
| 2017-06-30 | 1.08 |
| 2017-03-31 | 1.08 |
| 2016-12-31 | 1.03 |
| 2016-09-30 | 1.04 |
| 2016-06-30 | 1.06 |
| 2016-03-31 | 1.02 |
| 2015-12-31 | 0.98 |
| 2015-09-30 | 1.04 |
| 2015-06-30 | 1.06 |
| 2015-03-31 | 1.07 |
| 2014-12-31 | 1.06 |
| 2014-09-30 | 1.08 |
| 2014-06-30 | 1.10 |
| 2014-03-31 | 1.11 |
| 2013-12-31 | 1.10 |
| 2013-09-30 | 1.09 |
| 2013-06-30 | 1.09 |
| 2013-03-31 | 1.09 |
| 2012-12-31 | 1.07 |
| 2012-09-30 | 1.09 |
| 2012-06-30 | 1.09 |
| 2012-03-31 | 1.10 |
| 2011-12-31 | 1.10 |
| 2011-09-30 | 1.08 |
| 2011-06-30 | 1.07 |
| 2011-03-31 | 1.08 |
| 2010-12-31 | 1.08 |
| 2010-09-30 | 1.03 |
| 2010-06-30 | 1.02 |
| 2010-03-31 | 1.03 |
| 2009-12-31 | 1.02 |
| 2009-09-30 | 1.03 |
| 2009-06-30 | 1.02 |
| 2009-03-31 | 1.02 |
| 2008-12-31 | 0.79 |
| 2008-09-30 | 1.03 |
| 2008-06-30 | 1.03 |
| 2008-03-31 | 1.04 |
| 2007-12-31 | 1.03 |
| 2007-09-30 | 1.03 |
| 2007-06-30 | 1.02 |
| 2007-03-31 | 1.04 |
| 2006-12-31 | 1.03 |
| 2006-09-30 | 1.01 |
| 2006-06-30 | 1.02 |
| 2006-03-31 | 1.02 |
| 2005-12-31 | 1.02 |
| 2005-09-30 | 1.02 |
| 2005-06-30 | 1.03 |
| 2005-03-31 | 1.03 |
| 2004-12-31 | 1.02 |
| 2004-09-30 | 1.02 |
| 2004-06-30 | 1.03 |
| 2004-03-31 | 1.02 |
| 2003-12-31 | 1.03 |
| 2003-09-30 | 1.02 |
| 2003-06-30 | 1.02 |
| 2003-03-31 | 1.01 |
| 2002-12-31 | 1.01 |
| 2002-09-30 | 1.00 |