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 0.84 is 24% below its 5-year average of 1.10, near the low end of its 5-year range (0.84–1.67).
As of the fiscal period ended Tuesday, June 30, 2026. 12.92% below its 12-month average of 0.96.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.84
QUICK RATIO (ACID-TEST) AVG TTM
0.96
QUICK RATIO (ACID-TEST) AVG 3Y
1.07
QUICK RATIO (ACID-TEST) AVG 5Y
1.10
QUICK RATIO (ACID-TEST) AVG 10Y
1.09
QUICK RATIO (ACID-TEST) AVG 15Y
1.12
QUICK RATIO (ACID-TEST) AVG 20Y
1.15
CURRENT VS TTM AVG
-12.92%
CURRENT VS 3Y AVG
-21.84%
CURRENT VS 5Y AVG
-23.65%
CURRENT VS 10Y AVG
-23.20%
CURRENT VS 15Y AVG
-25.29%
CURRENT VS 20Y AVG
-27.22%
SECTOR MEDIAN · BASIC MATERIALS
1.46
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-42.86%
vs the sector median at left
International Paper Company
Market Cap
$19.32B
Quick Ratio (Acid-Test)
0.84
TTM Avg
0.96
3Y Avg
1.07
5Y Avg
1.10
Market Cap
$20.34B
Quick Ratio (Acid-Test)
2.27
TTM Avg
1.92
3Y Avg
2.29
5Y Avg
2.32
Market Cap
$20.65B
Quick Ratio (Acid-Test)
4.32
TTM Avg
2.82
3Y Avg
3.07
5Y Avg
2.50
Market Cap
$20.85B
Quick Ratio (Acid-Test)
1.07
TTM Avg
1.16
3Y Avg
1.13
5Y Avg
1.14
Market Cap
$17.74B
Quick Ratio (Acid-Test)
1.82
TTM Avg
1.40
3Y Avg
1.73
5Y Avg
1.93
Market Cap
$21.29B
Quick Ratio (Acid-Test)
2.44
TTM Avg
0.95
3Y Avg
0.74
5Y Avg
0.71
Market Cap
$21.61B
Quick Ratio (Acid-Test)
1.96
TTM Avg
2.00
3Y Avg
1.86
5Y Avg
2.33
Market Cap
$21.86B
Quick Ratio (Acid-Test)
1.72
TTM Avg
1.07
3Y Avg
1.06
5Y Avg
1.08
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| International Paper Company (IP) | $19.32B | 0.84 | 0.96 | 1.07 | 1.10 |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.34B | 2.27 | 1.92 | 2.29 | 2.32 |
| CF Industries Holdings, Inc. (CF)vs › | $20.65B | 4.32 | 2.82 | 3.07 | 2.50 |
| LyondellBasell Industries N.V. (LYB)vs › | $20.85B | 1.07 | 1.16 | 1.13 | 1.14 |
| DuPont de Nemours, Inc. (DD)vs › | $17.74B | 1.82 | 1.40 | 1.73 | 1.93 |
| Coeur Mining, Inc. (CDE)vs › | $21.29B | 2.44 | 0.95 | 0.74 | 0.71 |
| Dow Inc. (DOW)vs › | $21.36B | 7.24 | 1.11 | 1.15 | 1.13 |
| Sociedad Química y Minera de Chile S.A. (SQM)vs › | $21.61B | 1.96 | 2.00 | 1.86 | 2.33 |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.86B | 1.72 | 1.07 | 1.06 | 1.08 |
| Royal Gold, Inc. (RGLD)vs › | $22.18B | 2.68 | 3.00 | 2.72 | 3.27 |
Quick Ratio
0.84
Excludes inventory
Current Ratio
1.10
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 | 0.84 |
| 2026-03-31 | 0.94 |
| 2025-12-31 | 1.02 |
| 2025-09-30 | 1.04 |
| 2025-06-30 | 0.96 |
| 2025-03-31 | 0.96 |
| 2024-12-31 | 1.09 |
| 2024-09-30 | 1.11 |
| 2024-06-30 | 1.17 |
| 2024-03-31 | 1.22 |
| 2023-12-31 | 1.19 |
| 2023-09-30 | 1.25 |
| 2023-06-30 | 1.12 |
| 2023-03-31 | 1.10 |
| 2022-12-31 | 0.97 |
| 2022-09-30 | 0.97 |
| 2022-06-30 | 1.18 |
| 2022-03-31 | 1.31 |
| 2021-12-31 | 1.27 |
| 2021-09-30 | 1.67 |
| 2021-06-30 | 1.20 |
| 2021-03-31 | 1.23 |
| 2020-12-31 | 1.16 |
| 2020-09-30 | 1.09 |
| 2020-06-30 | 0.55 |
| 2020-03-31 | 0.56 |
| 2019-12-31 | 0.51 |
| 2019-09-30 | 1.03 |
| 2019-06-30 | 1.02 |
| 2019-03-31 | 0.96 |
| 2018-12-31 | 1.01 |
| 2018-09-30 | 1.13 |
| 2018-06-30 | 1.13 |
| 2018-03-31 | 1.17 |
| 2017-12-31 | 1.17 |
| 2017-09-30 | 0.97 |
| 2017-06-30 | 0.97 |
| 2017-03-31 | 1.01 |
| 2016-12-31 | 1.09 |
| 2016-09-30 | 1.66 |
| 2016-06-30 | 1.15 |
| 2016-03-31 | 1.12 |
| 2015-12-31 | 1.08 |
| 2015-09-30 | 1.09 |
| 2015-06-30 | 1.04 |
| 2015-03-31 | 1.09 |
| 2014-12-31 | 1.13 |
| 2014-09-30 | 1.16 |
| 2014-06-30 | 1.10 |
| 2014-03-31 | 1.18 |
| 2013-12-31 | 1.21 |
| 2013-09-30 | 1.23 |
| 2013-06-30 | 1.15 |
| 2013-03-31 | 1.18 |
| 2012-12-31 | 1.24 |
| 2012-09-30 | 1.27 |
| 2012-06-30 | 1.27 |
| 2012-03-31 | 1.28 |
| 2011-12-31 | 1.72 |
| 2011-09-30 | 1.60 |
| 2011-06-30 | 1.45 |
| 2011-03-31 | 1.36 |
| 2010-12-31 | 1.26 |
| 2010-09-30 | 1.21 |
| 2010-06-30 | 1.32 |
| 2010-03-31 | 1.32 |
| 2009-12-31 | 1.34 |
| 2009-09-30 | 1.21 |
| 2009-06-30 | 1.35 |
| 2009-03-31 | 1.10 |
| 2008-12-31 | 1.02 |
| 2008-09-30 | 1.03 |
| 2008-06-30 | 1.80 |
| 2008-03-31 | 1.10 |
| 2007-12-31 | 1.21 |
| 2007-09-30 | 1.36 |
| 2007-06-30 | 1.39 |
| 2007-03-31 | 1.55 |
| 2006-12-31 | 1.45 |
| 2006-09-30 | 0.89 |
| 2006-06-30 | 0.96 |
| 2006-03-31 | 1.21 |
| 2005-12-31 | 1.03 |
| 2005-09-30 | 1.06 |
| 2005-06-30 | 1.13 |
| 2005-03-31 | 1.29 |
| 2004-12-31 | 1.35 |
| 2004-09-30 | 1.21 |
| 2004-06-30 | 1.08 |
| 2004-03-31 | 1.01 |
| 2003-12-31 | 0.93 |
| 2003-09-30 | 1.08 |
| 2003-06-30 | 1.09 |
| 2003-03-31 | 1.33 |
| 2002-12-31 | 1.06 |
| 2002-09-30 | 1.01 |