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 0.50 is in line with its 5-year average of 0.51, around the middle of its 5-year range (0.33–0.81).
As of the fiscal period ended Tuesday, June 30, 2026. 11.27% below its 12-month average of 0.56.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.50
QUICK RATIO (ACID-TEST) AVG TTM
0.56
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
-11.27%
CURRENT VS 3Y AVG
-3.24%
CURRENT VS 5Y AVG
+1.66%
CURRENT VS 10Y AVG
-2.88%
CURRENT VS 15Y AVG
-19.02%
CURRENT VS 20Y AVG
-26.91%
SECTOR MEDIAN · INDUSTRIALS
1.08
median of 105 covered companies
CURRENT VS SECTOR MEDIAN
-53.62%
vs the sector median at left
Canadian Pacific Kansas City Ltd.
Market Cap
$80.10B
Quick Ratio (Acid-Test)
0.50
TTM Avg
0.56
3Y Avg
0.52
5Y Avg
0.49
Market Cap
$80.93B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.54
3Y Avg
1.27
5Y Avg
1.11
Market Cap
$82.40B
Quick Ratio (Acid-Test)
1.06
TTM Avg
0.94
3Y Avg
0.98
5Y Avg
1.10
Market Cap
$77.17B
Quick Ratio (Acid-Test)
0.93
TTM Avg
1.03
3Y Avg
0.99
5Y Avg
1.04
Market Cap
$76.80B
Quick Ratio (Acid-Test)
1.44
TTM Avg
1.29
3Y Avg
1.31
5Y Avg
1.34
Market Cap
$75.81B
Quick Ratio (Acid-Test)
0.61
TTM Avg
0.47
3Y Avg
0.52
5Y Avg
0.63
Market Cap
$75.40B
Quick Ratio (Acid-Test)
0.73
TTM Avg
0.80
3Y Avg
0.85
5Y Avg
0.86
Market Cap
$84.98B
Quick Ratio (Acid-Test)
0.81
TTM Avg
0.94
3Y Avg
0.95
5Y Avg
1.20
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Pacific Kansas City Ltd. (CP) | $80.10B | 0.50 | 0.56 | 0.52 | 0.49 |
| Cintas Corporation (CTAS)vs › | $80.93B | 1.27 | 1.54 | 1.27 | 1.11 |
| Northrop Grumman Corporation (NOC)vs › | $82.40B | 1.06 | 0.94 | 0.98 | 1.10 |
| Honeywell International Inc. (HON)vs › | $77.17B | 0.93 | 1.03 | 0.99 | 1.04 |
| FedEx Corporation (FDX)vs › | $76.80B | 1.44 | 1.29 | 1.31 | 1.34 |
| Canadian National Railway Company (CNI)vs › | $75.81B | 0.61 | 0.47 | 0.52 | 0.63 |
| Norfolk Southern Corporation (NSC)vs › | $75.40B | 0.73 | 0.80 | 0.85 | 0.86 |
| Illinois Tool Works Inc. (ITW)vs › | $84.98B | 0.81 | 0.94 | 0.95 | 1.20 |
| Cummins Inc. (CMI)vs › | $88.52B | 1.13 | 0.98 | 0.87 | 0.99 |
| United Parcel Service, Inc. (UPS)vs › | $88.45B | N/A | 1.17 | 1.14 | 1.18 |
Quick Ratio
0.50
Excludes inventory
Current Ratio
0.59
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 | 0.50 |
| 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 |
