Quick Ratio (Acid-Test): 0.57
Is the quick ratio (acid-test) high or low?
The quick ratio (acid-test) of 0.57 is 12% above its 5-year average of 0.51, around the middle of its 5-year range (0.33–0.81).
As of Friday, June 26, 2026. 6.46% below its 12-month average of 0.61.
CP Quick Ratio
Reported quarterly quick ratio; no daily interpolation.
CP Average Quick Ratio (Acid-Test) Chart
CP Current vs Average Quick Ratio (Acid-Test) Chart
CP Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
0.57
QUICK RATIO (ACID-TEST) AVG TTM
0.61
QUICK RATIO (ACID-TEST) AVG 3Y
0.52
QUICK RATIO (ACID-TEST) AVG 5Y
0.49
QUICK RATIO (ACID-TEST) AVG 10Y
0.52
QUICK RATIO (ACID-TEST) AVG 15Y
0.62
QUICK RATIO (ACID-TEST) AVG 20Y
0.69
CURRENT VS TTM AVG
-6.46%
CURRENT VS 3Y AVG
+8.38%
CURRENT VS 5Y AVG
+15.62%
CURRENT VS 10Y AVG
+9.70%
CURRENT VS 15Y AVG
-9.20%
CURRENT VS 20Y AVG
-17.50%
CP Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Pacific Kansas City Ltd. (CP) | $77.27B | 0.57 | 0.61 | 0.52 | 0.49 |
| FedEx Corporation (FDX)vs › | $77.76B | 1.44 | 1.29 | 1.31 | 1.34 |
| Illinois Tool Works Inc. (ITW)vs › | $77.85B | 0.89 | 0.94 | 0.95 | 1.20 |
| TransDigm Group Incorporated (TDG)vs › | $74.27B | 2.25 | 1.77 | 2.45 | 2.80 |
| Emerson Electric Co. (EMR)vs › | $81.40B | 0.65 | 1.02 | 1.32 | 1.25 |
| Norfolk Southern Corporation (NSC)vs › | $70.09B | 0.78 | 0.80 | 0.85 | 0.86 |
| Comfort Systems USA, Inc. (FIX)vs › | $69.88B | 1.19 | 1.13 | 1.10 | 1.13 |
| Automatic Data Processing, Inc. (ADP)vs › | $86.47B | 1.05 | 1.03 | 1.01 | 1.03 |
| Cintas Corporation (CTAS)vs › | $67.66B | 1.82 | 1.36 | 1.15 | 1.09 |
| 3M Company (MMM)vs › | $87.61B | 1.33 | 1.21 | 1.05 | 1.12 |
Liquidity Comparison
Quick Ratio
0.57
Excludes inventory
Current Ratio
0.49
Includes inventory
Quick Ratio (Acid-Test) Formula & Definition
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
Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for Canadian Pacific Kansas City Ltd. (CP)?
- The quick ratio (acid-test) for CP stock is 0.57.
- Is Canadian Pacific Kansas City Ltd.'s quick ratio (acid-test) high or low?
- The quick ratio (acid-test) of 0.57 is 12% above its 5-year average of 0.51, around the middle of its 5-year range (0.33–0.81).
- What is the TTM average quick ratio (acid-test) for Canadian Pacific Kansas City Ltd. (CP)?
- The TTM average quick ratio (acid-test) for CP stock is 0.61.
- What is the 3Y average quick ratio (acid-test) for Canadian Pacific Kansas City Ltd. (CP)?
- The 3Y average quick ratio (acid-test) for CP stock is 0.52.
- What is the 5Y average quick ratio (acid-test) for Canadian Pacific Kansas City Ltd. (CP)?
- The 5Y average quick ratio (acid-test) for CP stock is 0.49.
- What is the 10Y average quick ratio (acid-test) for Canadian Pacific Kansas City Ltd. (CP)?
- The 10Y average quick ratio (acid-test) for CP stock is 0.52.
- What is the 15Y average quick ratio (acid-test) for Canadian Pacific Kansas City Ltd. (CP)?
- The 15Y average quick ratio (acid-test) for CP stock is 0.62.
- What is the 20Y average quick ratio (acid-test) for Canadian Pacific Kansas City Ltd. (CP)?
- The 20Y average quick ratio (acid-test) for CP stock is 0.69.
CP Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2026-03-31 | 0.57 |
| 2025-12-31 | 0.41 |
| 2025-09-30 | 0.54 |
| 2025-06-30 | 0.81 |
| 2025-03-31 | 0.70 |
| 2024-12-31 | 0.52 |
| 2024-09-30 | 0.46 |
| 2024-06-30 | 0.44 |
| 2024-03-31 | 0.43 |
| 2023-12-31 | 0.46 |
| 2023-09-30 | 0.61 |
| 2023-06-30 | 0.58 |
| 2023-03-31 | 0.56 |
| 2022-12-31 | 0.50 |
| 2022-09-30 | 0.49 |
| 2022-06-30 | 0.42 |
| 2022-03-31 | 0.36 |
| 2021-12-31 | 0.35 |
| 2021-09-30 | 0.33 |
| 2021-06-30 | 0.63 |
| 2021-03-31 | 0.44 |
| 2020-12-31 | 0.42 |
| 2020-09-30 | 0.51 |
| 2020-06-30 | 0.70 |
| 2020-03-31 | 0.69 |
| 2019-12-31 | 0.45 |
| 2019-09-30 | 0.48 |
| 2019-06-30 | 0.55 |
| 2019-03-31 | 0.66 |
| 2018-12-31 | 0.48 |
| 2018-09-30 | 0.58 |
| 2018-06-30 | 0.48 |
| 2018-03-31 | 0.50 |
| 2017-12-31 | 0.57 |
| 2017-09-30 | 0.44 |
| 2017-06-30 | 0.48 |
| 2017-03-31 | 0.77 |
| 2016-12-31 | 0.61 |
| 2016-09-30 | 0.47 |
| 2016-06-30 | 0.50 |
| 2016-03-31 | 1.09 |
| 2015-12-31 | 0.93 |
| 2015-09-30 | 0.95 |
| 2015-06-30 | 0.73 |
| 2015-03-31 | 0.80 |
| 2014-12-31 | 0.78 |
| 2014-09-30 | 1.02 |
| 2014-06-30 | 1.29 |
| 2014-03-31 | 1.47 |
| 2013-12-31 | 1.35 |
| 2013-09-30 | 1.24 |
| 2013-06-30 | 1.17 |
| 2013-03-31 | 1.04 |
| 2012-12-31 | 0.97 |
| 2012-09-30 | 0.89 |
| 2012-06-30 | 0.71 |
| 2012-03-31 | 0.77 |
| 2011-12-31 | 0.59 |
| 2011-09-30 | 0.60 |
| 2011-06-30 | 0.76 |
| 2011-03-31 | 0.79 |
| 2010-12-31 | 0.85 |
| 2010-09-30 | 0.89 |
| 2010-06-30 | 1.00 |
| 2010-03-31 | 1.02 |
| 2009-12-31 | 0.94 |
| 2009-09-30 | 0.89 |
| 2009-06-30 | 0.72 |
| 2009-03-31 | 1.04 |
| 2008-12-31 | 0.69 |
| 2008-09-30 | 0.55 |
| 2008-06-30 | 0.54 |
| 2008-03-31 | 0.62 |
| 2007-12-31 | 0.73 |
| 2007-09-30 | 0.94 |
| 2007-06-30 | 1.00 |
| 2007-03-31 | 0.64 |
| 2006-12-31 | 0.68 |
| 2006-09-30 | 0.60 |
| 2006-06-30 | 0.57 |
| 2006-03-31 | 0.58 |
| 2005-12-31 | 0.68 |
| 2005-09-30 | 0.62 |
| 2005-06-30 | 0.65 |
| 2005-03-31 | 0.67 |
| 2004-12-31 | 0.67 |
| 2004-09-30 | 0.67 |
| 2004-06-30 | 0.66 |
| 2004-03-31 | 0.78 |
| 2003-12-31 | 0.65 |
| 2003-09-30 | 0.90 |
| 2003-06-30 | 0.54 |
| 2003-03-31 | 0.74 |
| 2002-12-31 | 0.53 |
| 2002-09-30 | 0.50 |
| 2002-06-30 | 0.54 |
Related Metrics
About Canadian Pacific Kansas City Ltd.
Specializing in railway freight transportation, Canadian Pacific Kansas City Ltd. operates an extensive rail network connecting Canada, the United States, and Mexico. The company, headquartered in Calgary, Canada, began its operations on June 22, 2001.
- Sector
- Industrials
- Industry
- Railroads
- CEO
- Keith E. Creel