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 1.06 is in line with its 5-year average of 1.13, near the low end of its 5-year range (1.03–1.51).
As of the fiscal period ended Tuesday, March 31, 2026. 11.08% below its 12-month average of 1.20.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.06
QUICK RATIO (ACID-TEST) AVG TTM
1.20
QUICK RATIO (ACID-TEST) AVG 3Y
1.05
QUICK RATIO (ACID-TEST) AVG 5Y
1.05
QUICK RATIO (ACID-TEST) AVG 10Y
1.06
QUICK RATIO (ACID-TEST) AVG 15Y
1.06
QUICK RATIO (ACID-TEST) AVG 20Y
1.05
CURRENT VS TTM AVG
-11.08%
CURRENT VS 3Y AVG
+1.29%
CURRENT VS 5Y AVG
+0.88%
CURRENT VS 10Y AVG
+0.16%
CURRENT VS 15Y AVG
+0.01%
CURRENT VS 20Y AVG
+1.41%
SECTOR MEDIAN · FINANCIAL SERVICES
0.90
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+18.11%
vs the sector median at left
Arthur J. Gallagher & Co.
Market Cap
$63.65B
Quick Ratio (Acid-Test)
1.06
TTM Avg
1.20
3Y Avg
1.05
5Y Avg
1.05
Market Cap
$63.93B
Quick Ratio (Acid-Test)
12.39
TTM Avg
12.39
3Y Avg
12.39
5Y Avg
12.39
Market Cap
$64.49B
Quick Ratio (Acid-Test)
0.87
TTM Avg
0.51
3Y Avg
0.38
5Y Avg
0.39
Market Cap
$66.92B
Quick Ratio (Acid-Test)
0.37
TTM Avg
0.37
3Y Avg
0.37
5Y Avg
0.37
Market Cap
$70.69B
Quick Ratio (Acid-Test)
0.78
TTM Avg
0.79
3Y Avg
0.78
5Y Avg
0.93
Market Cap
$74.01B
Quick Ratio (Acid-Test)
4.20
TTM Avg
2.54
3Y Avg
1.72
5Y Avg
1.66
Market Cap
$52.03B
Quick Ratio (Acid-Test)
0.82
TTM Avg
0.60
3Y Avg
0.52
5Y Avg
0.51
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arthur J. Gallagher & Co. (AJG) | $63.65B | 1.06 | 1.20 | 1.05 | 1.05 |
| Aflac Incorporated (AFL)vs › | $63.93B | 12.39 | 12.39 | 12.39 | 12.39 |
| Truist Financial Corporation (TFC)vs › | $64.49B | 0.87 | 0.51 | 0.38 | 0.39 |
| MetLife, Inc. (MET)vs › | $61.02B | 0.65 | 0.60 | 0.97 | 1.07 |
| The Allstate Corporation (ALL)vs › | $66.92B | 0.37 | 0.37 | 0.37 | 0.37 |
| Nu Holdings Ltd. (NU)vs › | $68.24B | 0.59 | 0.77 | 0.94 | 0.90 |
| Apollo Global Management, Inc. (APO)vs › | $70.69B | 0.78 | 0.79 | 0.78 | 0.93 |
| Brookfield Asset Management Ltd. (BAM)vs › | $74.01B | 4.20 | 2.54 | 1.72 | 1.66 |
| Fifth Third Bancorp (FITB)vs › | $52.03B | 0.82 | 0.60 | 0.52 | 0.51 |
| Nasdaq, Inc. (NDAQ)vs › | $51.48B | 1.01 | 1.00 | 0.99 | 1.08 |
Quick Ratio
1.06
Excludes inventory
Current Ratio
1.06
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) |
|---|---|
| 2026-03-31 | 1.06 |
| 2025-12-31 | 1.06 |
| 2025-09-30 | 1.06 |
| 2025-06-30 | 1.36 |
| 2025-03-31 | 1.44 |
| 2024-12-31 | 1.51 |
| 2024-09-30 | 1.06 |
| 2024-06-30 | 1.04 |
| 2024-03-31 | 1.05 |
| 2023-12-31 | 1.03 |
| 2023-09-30 | 1.04 |
| 2023-06-30 | 1.04 |
| 2023-03-31 | 1.06 |
| 2022-12-31 | 1.04 |
| 2022-09-30 | 1.06 |
| 2022-06-30 | 1.05 |
| 2022-03-31 | 1.05 |
| 2021-12-31 | 1.06 |
| 2021-09-30 | 1.30 |
| 2021-06-30 | 1.33 |
| 2021-03-31 | 1.10 |
| 2020-12-31 | 1.10 |
| 2020-09-30 | 1.11 |
| 2020-06-30 | 1.09 |
| 2020-03-31 | 1.07 |
| 2019-12-31 | 1.02 |
| 2019-09-30 | 1.05 |
| 2019-06-30 | 1.07 |
| 2019-03-31 | 1.12 |
| 2018-12-31 | 1.06 |
| 2018-09-30 | 1.09 |
| 2018-06-30 | 1.11 |
| 2018-03-31 | 1.10 |
| 2017-12-31 | 1.05 |
| 2017-09-30 | 1.08 |
| 2017-06-30 | 1.05 |
| 2017-03-31 | 0.94 |
| 2016-12-31 | 0.96 |
| 2016-09-30 | 0.96 |
| 2016-06-30 | 1.02 |
| 2016-03-31 | 0.98 |
| 2015-12-31 | 1.03 |
| 2015-09-30 | 1.08 |
| 2015-06-30 | 1.09 |
| 2015-03-31 | 1.05 |
| 2014-12-31 | 1.05 |
| 2014-09-30 | 1.05 |
| 2014-06-30 | 1.15 |
| 2014-03-31 | 1.05 |
| 2013-12-31 | 0.88 |
| 2013-09-30 | 0.99 |
| 2013-06-30 | 1.11 |
| 2013-03-31 | 1.04 |
| 2012-12-31 | 1.03 |
| 2012-09-30 | 1.11 |
| 2012-06-30 | 1.08 |
| 2012-03-31 | 1.09 |
| 2011-12-31 | 1.06 |
| 2011-09-30 | 1.07 |
| 2011-06-30 | 1.06 |
| 2011-03-31 | 1.18 |
| 2010-12-31 | 1.09 |
| 2010-09-30 | 1.10 |
| 2010-06-30 | 1.08 |
| 2010-03-31 | 1.07 |
| 2009-12-31 | 1.04 |
| 2009-09-30 | 0.96 |
| 2009-06-30 | 0.96 |
| 2009-03-31 | 0.91 |
| 2008-12-31 | 0.92 |
| 2008-09-30 | 0.96 |
| 2008-06-30 | 0.99 |
| 2008-03-31 | 1.00 |
| 2007-12-31 | 1.02 |
| 2007-09-30 | 1.09 |
| 2007-06-30 | 0.94 |
| 2007-03-31 | 0.98 |
| 2006-12-31 | 0.99 |
| 2006-09-30 | 1.00 |
| 2006-06-30 | 1.00 |
| 2006-03-31 | 1.01 |
| 2005-12-31 | 1.01 |
| 2005-09-30 | 1.01 |
| 2005-06-30 | 0.99 |
| 2005-03-31 | 0.97 |
| 2004-12-31 | 1.01 |
| 2004-09-30 | 1.04 |
| 2004-06-30 | 1.03 |
| 2004-03-31 | 1.02 |
| 2003-12-31 | 1.02 |
| 2003-09-30 | 1.04 |
| 2003-06-30 | 1.04 |
| 2003-03-31 | 1.03 |
| 2002-12-31 | 1.01 |
| 2002-09-30 | 1.00 |
| 2002-06-30 | 0.98 |