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FDXFedEx Corporation

Quick Ratio (Acid-Test): 1.48

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Is the quick ratio (acid-test) high or low?

The quick ratio (acid-test) of 1.48 is 12% above its 5-year average of 1.32, near the high end of its 5-year range (1.15–1.48).

As of Wednesday, June 24, 2026. 13.34% above its 12-month average of 1.30.

Current Ratio|Debt to Equity|P/FCF Ratio|All Metrics
Quick Ratio

FDX Quick Ratio

1.48

Reported quarterly quick ratio; no daily interpolation.

+0.41% 5Y
FDX Quick Ratio (Acid-Test)

FDX Average Quick Ratio (Acid-Test) Chart

FDX Quick Ratio (Acid-Test)

FDX Current vs Average Quick Ratio (Acid-Test) Chart

FDX Quick Ratio (Acid-Test) Metrics

QUICK RATIO (ACID-TEST)

1.48

QUICK RATIO (ACID-TEST) AVG TTM

1.30

QUICK RATIO (ACID-TEST) AVG 3Y

1.28

QUICK RATIO (ACID-TEST) AVG 5Y

1.32

QUICK RATIO (ACID-TEST) AVG 10Y

1.37

QUICK RATIO (ACID-TEST) AVG 15Y

1.49

QUICK RATIO (ACID-TEST) AVG 20Y

1.45

CURRENT VS TTM AVG

+13.34%

CURRENT VS 3Y AVG

+15.19%

CURRENT VS 5Y AVG

+11.98%

CURRENT VS 10Y AVG

+7.41%

CURRENT VS 15Y AVG

-1.09%

CURRENT VS 20Y AVG

+1.77%

FDX Competitors' Quick Ratio (Acid-Test)

NAMEMARKET CAPQUICK RATIO (ACID-TEST)TTM3Y5Y
FedEx Corporation (FDX)$75.60B1.481.301.281.32
Illinois Tool Works Inc. (ITW)vs ›$75.86B0.890.940.951.20
TransDigm Group Incorporated (TDG)vs ›$73.98B2.251.772.452.80
Emerson Electric Co. (EMR)vs ›$79.22B0.651.021.321.25
Comfort Systems USA, Inc. (FIX)vs ›$68.55B1.191.131.101.13
Norfolk Southern Corporation (NSC)vs ›$68.24B0.780.800.850.86
Cintas Corporation (CTAS)vs ›$68.40B1.821.361.151.09
CSX Corporation (CSX)vs ›$85.59B0.690.710.941.23
3M Company (MMM)vs ›$86.53B1.331.211.051.12
Johnson Controls International plc (JCI)vs ›$87.13B0.760.780.790.84

Liquidity Comparison

Quick Ratio

1.48

Excludes inventory

Current Ratio

1.48

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 FedEx Corporation (FDX)?
The quick ratio (acid-test) for FDX stock is 1.48.
Is FedEx Corporation's quick ratio (acid-test) high or low?
The quick ratio (acid-test) of 1.48 is 12% above its 5-year average of 1.32, near the high end of its 5-year range (1.15–1.48).
What is the TTM average quick ratio (acid-test) for FedEx Corporation (FDX)?
The TTM average quick ratio (acid-test) for FDX stock is 1.30.
What is the 3Y average quick ratio (acid-test) for FedEx Corporation (FDX)?
The 3Y average quick ratio (acid-test) for FDX stock is 1.28.
What is the 5Y average quick ratio (acid-test) for FedEx Corporation (FDX)?
The 5Y average quick ratio (acid-test) for FDX stock is 1.32.
What is the 10Y average quick ratio (acid-test) for FedEx Corporation (FDX)?
The 10Y average quick ratio (acid-test) for FDX stock is 1.37.
What is the 15Y average quick ratio (acid-test) for FedEx Corporation (FDX)?
The 15Y average quick ratio (acid-test) for FDX stock is 1.49.
What is the 20Y average quick ratio (acid-test) for FedEx Corporation (FDX)?
The 20Y average quick ratio (acid-test) for FDX stock is 1.45.

FDX Quick Ratio (Acid-Test) History

DATEQUICK RATIO (ACID-TEST)
2026-05-311.48
2026-02-281.44
2025-11-301.23
2025-08-311.21
2025-05-311.15
2025-02-281.19
2024-11-301.19
2024-08-311.24
2024-05-311.32
2024-02-291.26
2023-11-301.30
2023-08-311.32
2023-05-311.32
2023-02-281.27
2022-11-301.25
2022-08-311.38
2022-05-311.38
2022-02-281.35
2021-11-301.45
2021-08-311.47
2021-05-311.46
2021-02-281.56
2020-11-301.71
2020-08-311.64
2020-05-311.53
2020-02-291.16
2019-11-301.20
2019-08-311.25
2019-05-311.39
2019-02-281.40
2018-11-301.36
2018-08-311.26
2018-05-311.33
2018-02-281.37
2017-11-301.50
2017-08-311.57
2017-05-311.53
2017-02-281.53
2016-11-301.48
2016-08-311.46
2016-05-311.44
2016-02-291.64
2015-11-301.79
2015-08-311.75
2015-05-311.75
2015-02-281.91
2014-11-301.69
2014-08-311.70
2014-05-311.74
2014-02-281.86
2013-11-301.93
2013-08-312.00
2013-05-311.88
2013-02-281.82
2012-11-301.80
2012-08-311.75
2012-05-311.60
2012-02-291.50
2011-11-301.44
2011-08-311.51
2011-05-311.61
2011-02-281.49
2010-11-301.44
2010-08-311.47
2010-05-311.48
2010-02-281.44
2009-11-301.47
2009-08-311.55
2009-05-311.49
2009-02-281.43
2008-11-301.16
2008-08-311.23
2008-05-311.27
2008-02-291.31
2007-11-301.21
2007-08-311.25
2007-05-311.16
2007-02-281.12
2006-11-301.09
2006-08-311.25
2006-05-311.12
2006-02-281.16
2005-11-301.05
2005-08-311.10
2005-05-311.06
2005-02-280.97
2004-11-300.99
2004-08-311.08
2004-05-310.98
2004-02-290.73
2003-11-301.17
2003-08-311.20
2003-05-311.11
2003-02-280.97
2002-11-301.16
2002-08-311.14

Related Metrics

Current RatioDebt to EquityP/FCF RatioAll Metrics

About FedEx Corporation

FedEx Corporation is a prominent global entity that delivers an extensive array of services encompassing transportation, e-commerce solutions, and diverse business support, catering to clients both within the United States and across international borders. Its operational structure is divided into several key segments: The FedEx Express division specializes in expedited shipping, offering rapid package and freight delivery, crucial time-sensitive logistics, and comprehensive cross-border, technological, and e-commerce transportation services. FedEx Ground focuses on reliable, scheduled delivery services for both commercial clients and individual households. The FedEx Freight unit manages less-than-truckload (LTL) cargo shipments, supported by a significant infrastructure that, as of May 31, 2022, included approximately 30,000 vehicles and 400 service centers. FedEx Services provides essential internal support functions across the company, such as sales, marketing, information technology, communications, customer and technical assistance, billing, collections, and other vital administrative operations. Finally, the Corporate, Other, and Eliminations segment broadens FedEx's offerings to include integrated supply chain management, specialized transportation, customs brokerage, global ocean and air freight forwarding, document and business services, and convenient retail access points for its package delivery operations. Established in 1971, FedEx Corporation maintains its headquarters in Memphis, Tennessee.

Memphis, TN
306,000 employees
www.fedex.com
Industrials / Integrated Freight & Logistics
Sector
Industrials
Industry
Integrated Freight & Logistics
CEO
Rajesh Subramaniam
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