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 1.27 is 12% below its 5-year average of 1.45, near the low end of its 5-year range (1.27–2.50).
As of the fiscal period ended Friday, July 31, 2026. 6.70% below its 12-month average of 1.37.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.27
QUICK RATIO (ACID-TEST) AVG TTM
1.37
QUICK RATIO (ACID-TEST) AVG 3Y
1.41
QUICK RATIO (ACID-TEST) AVG 5Y
1.45
QUICK RATIO (ACID-TEST) AVG 10Y
1.42
QUICK RATIO (ACID-TEST) AVG 15Y
1.45
QUICK RATIO (ACID-TEST) AVG 20Y
1.48
CURRENT VS TTM AVG
-6.70%
CURRENT VS 3Y AVG
-9.37%
CURRENT VS 5Y AVG
-11.95%
CURRENT VS 10Y AVG
-10.56%
CURRENT VS 15Y AVG
-12.35%
CURRENT VS 20Y AVG
-13.85%
SECTOR MEDIAN · INDUSTRIALS
1.13
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
+13.22%
vs the sector median at left
HEICO Corporation
Market Cap
$46.95B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.37
3Y Avg
1.41
5Y Avg
1.45
Market Cap
$45.74B
Quick Ratio (Acid-Test)
N/A
TTM Avg
0.82
3Y Avg
0.78
5Y Avg
0.92
Market Cap
$48.18B
Quick Ratio (Acid-Test)
0.74
TTM Avg
0.74
3Y Avg
0.81
5Y Avg
0.86
Market Cap
$48.34B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.31
3Y Avg
1.31
5Y Avg
1.62
Market Cap
$48.50B
Quick Ratio (Acid-Test)
0.72
TTM Avg
0.91
3Y Avg
1.39
5Y Avg
1.39
Market Cap
$48.78B
Quick Ratio (Acid-Test)
1.03
TTM Avg
0.96
3Y Avg
0.91
5Y Avg
0.97
Market Cap
$49.26B
Quick Ratio (Acid-Test)
1.80
TTM Avg
1.75
3Y Avg
2.24
5Y Avg
2.47
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HEICO Corporation (HEI) | $46.95B | 1.27 | 1.37 | 1.41 | 1.45 |
| Thomson Reuters Corporation (TRI)vs › | $45.74B | N/A | 0.82 | 0.78 | 0.92 |
| Rockwell Automation, Inc. (ROK)vs › | $48.18B | 0.74 | 0.74 | 0.81 | 0.86 |
| HEICO Corporation (HEI-A)vs › | $48.34B | 1.27 | 1.31 | 1.31 | 1.62 |
| Carrier Global Corporation (CARR)vs › | $48.50B | 0.72 | 0.91 | 1.39 | 1.39 |
| Ferguson plc (FERG)vs › | $45.24B | 0.93 | 0.94 | 0.95 | 0.96 |
| L3Harris Technologies, Inc. (LHX)vs › | $48.78B | 1.03 | 0.96 | 0.91 | 0.97 |
| Paychex, Inc. (PAYX)vs › | $44.99B | N/A | 1.27 | 1.30 | 1.28 |
| Axon Enterprise, Inc. (AXON)vs › | $49.26B | 1.80 | 1.75 | 2.24 | 2.47 |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $50.21B | 0.59 | 0.63 | 0.64 | 0.66 |
Quick Ratio
1.27
Excludes inventory
Current Ratio
2.72
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) |
|---|---|
| 2026-07-31 | 1.27 |
| 2026-04-30 | 1.36 |
| 2026-01-31 | 1.41 |
| 2025-10-31 | 1.28 |
| 2025-07-31 | 1.51 |
| 2025-04-30 | 1.56 |
| 2025-01-31 | 1.43 |
| 2024-10-31 | 1.34 |
| 2024-07-31 | 1.47 |
| 2024-04-30 | 1.57 |
| 2024-01-31 | 1.40 |
| 2023-10-31 | 1.27 |
| 2023-07-31 | 2.50 |
| 2023-04-30 | 1.38 |
| 2023-01-31 | 1.37 |
| 2022-10-31 | 1.35 |
| 2022-07-31 | 1.55 |
| 2022-04-30 | 1.69 |
| 2022-01-31 | 1.72 |
| 2021-10-31 | 1.56 |
| 2021-07-31 | 2.19 |
| 2021-04-30 | 2.73 |
| 2021-01-31 | 2.92 |
| 2020-10-31 | 2.91 |
| 2020-07-31 | 2.91 |
| 2020-04-30 | 2.60 |
| 2020-01-31 | 1.57 |
| 2019-10-31 | 1.36 |
| 2019-07-31 | 1.44 |
| 2019-04-30 | 1.56 |
| 2019-01-31 | 1.66 |
| 2018-10-31 | 1.18 |
| 2018-07-31 | 1.32 |
| 2018-04-30 | 1.36 |
| 2018-01-31 | 1.29 |
| 2017-10-31 | 1.16 |
| 2017-07-31 | 1.39 |
| 2017-04-30 | 1.43 |
| 2017-01-31 | 1.39 |
| 2016-10-31 | 1.39 |
| 2016-07-31 | 1.43 |
| 2016-04-30 | 1.63 |
| 2016-01-31 | 1.61 |
| 2015-10-31 | 1.54 |
| 2015-07-31 | 1.54 |
| 2015-04-30 | 1.57 |
| 2015-01-31 | 1.48 |
| 2014-10-31 | 1.40 |
| 2014-07-31 | 1.56 |
| 2014-04-30 | 1.74 |
| 2014-01-31 | 1.46 |
| 2013-10-31 | 1.38 |
| 2013-07-31 | 1.35 |
| 2013-04-30 | 1.53 |
| 2013-01-31 | 1.60 |
| 2012-10-31 | 1.36 |
| 2012-07-31 | 1.42 |
| 2012-04-30 | 1.35 |
| 2012-01-31 | 1.65 |
| 2011-10-31 | 1.23 |
| 2011-07-31 | 1.64 |
| 2011-04-30 | 1.49 |
| 2011-01-31 | 1.61 |
| 2010-10-31 | 1.48 |
| 2010-07-31 | 1.75 |
| 2010-04-30 | 1.72 |
| 2010-01-31 | 1.59 |
| 2009-10-31 | 1.62 |
| 2009-07-31 | 1.75 |
| 2009-04-30 | 1.64 |
| 2009-01-31 | 1.68 |
| 2008-10-31 | 1.46 |
| 2008-07-31 | 1.44 |
| 2008-04-30 | 1.47 |
| 2008-01-31 | 1.67 |
| 2007-10-31 | 1.17 |
| 2007-07-31 | 1.43 |
| 2007-04-30 | 1.46 |
| 2007-01-31 | 1.72 |
| 2006-10-31 | 1.26 |
| 2006-07-31 | 1.54 |
| 2006-04-30 | 1.65 |
| 2006-01-31 | 1.42 |
| 2005-10-31 | 1.27 |
| 2005-07-31 | 1.52 |
| 2005-04-30 | 1.60 |
| 2005-01-31 | 1.88 |
| 2004-10-31 | 1.43 |
| 2004-07-31 | 1.95 |
| 2004-04-30 | 1.90 |
| 2004-01-31 | 2.26 |
| 2003-10-31 | 1.91 |
| 2003-07-31 | 2.05 |
| 2003-04-30 | 2.07 |
| 2003-01-31 | 1.27 |
| 2002-10-31 | 1.50 |
