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 1.22 is 11% above its 5-year average of 1.10, near the high end of its 5-year range (0.95–1.28).
As of the fiscal period ended Tuesday, June 30, 2026. 1.06% below its 12-month average of 1.24.
Reported quarterly quick ratio; no daily interpolation. Q1 FY2027 (2026-06-30): 1.22.
QUICK RATIO (ACID-TEST)
1.22
QUICK RATIO (ACID-TEST) AVG TTM
1.24
QUICK RATIO (ACID-TEST) AVG 3Y
1.17
QUICK RATIO (ACID-TEST) AVG 5Y
1.10
QUICK RATIO (ACID-TEST) AVG 10Y
1.01
QUICK RATIO (ACID-TEST) AVG 15Y
1.04
QUICK RATIO (ACID-TEST) AVG 20Y
1.05
CURRENT VS TTM AVG
-1.06%
CURRENT VS 3Y AVG
+4.83%
CURRENT VS 5Y AVG
+11.27%
CURRENT VS 10Y AVG
+20.89%
CURRENT VS 15Y AVG
+17.86%
CURRENT VS 20Y AVG
+16.75%
SECTOR MEDIAN · INDUSTRIALS
1.18
median of 164 covered companies
CURRENT VS SECTOR MEDIAN
+3.75%
vs the sector median at left
Modine Manufacturing Company
Market Cap
$9.46B
Quick Ratio (Acid-Test)
1.22
TTM Avg
1.24
3Y Avg
1.17
5Y Avg
1.10
Market Cap
$9.24B
Quick Ratio (Acid-Test)
1.55
TTM Avg
1.47
3Y Avg
1.45
5Y Avg
1.42
Market Cap
$9.82B
Quick Ratio (Acid-Test)
1.56
TTM Avg
1.61
3Y Avg
1.50
5Y Avg
1.38
Market Cap
$8.51B
Quick Ratio (Acid-Test)
1.74
TTM Avg
1.54
3Y Avg
1.33
5Y Avg
1.34
Market Cap
$10.58B
Quick Ratio (Acid-Test)
1.14
TTM Avg
1.04
3Y Avg
0.96
5Y Avg
1.00
Market Cap
$10.64B
Quick Ratio (Acid-Test)
1.16
TTM Avg
1.18
3Y Avg
1.40
5Y Avg
1.42
Market Cap
$8.10B
Quick Ratio (Acid-Test)
1.59
TTM Avg
1.79
3Y Avg
1.60
5Y Avg
1.67
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Modine Manufacturing Company (MOD) | $9.46B | 1.22 | 1.24 | 1.17 | 1.10 |
| Saia, Inc. (SAIA)vs › | $9.37B | 1.58 | 1.60 | 1.79 | 1.58 |
| Valmont Industries, Inc. (VMI)vs › | $9.24B | 1.55 | 1.47 | 1.45 | 1.42 |
| Leonardo DRS, Inc. (DRS)vs › | $9.82B | 1.56 | 1.61 | 1.50 | 1.38 |
| The Timken Company (TKR)vs › | $8.51B | 1.74 | 1.54 | 1.33 | 1.34 |
| Pentair plc (PNR)vs › | $8.47B | 0.76 | 0.94 | 0.88 | 0.82 |
| Huntington Ingalls Industries, Inc. (HII)vs › | $10.58B | 1.14 | 1.04 | 0.96 | 1.00 |
| Regal Rexnord Corporation (RRX)vs › | $10.64B | 1.16 | 1.18 | 1.40 | 1.42 |
| Booz Allen Hamilton Holding Corporation (BAH)vs › | $8.10B | 1.59 | 1.79 | 1.60 | 1.67 |
| Kratos Defense & Security Solutions, Inc. (KTOS)vs › | $8.08B | 4.99 | 2.92 | 2.33 | 2.63 |
Quick Ratio
1.22
Excludes inventory
Current Ratio
2.04
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 | 1.22 |
| 2026-03-31 | 1.25 |
| 2025-12-31 | 1.28 |
| 2025-09-30 | 1.16 |
| 2025-06-30 | 1.28 |
| 2025-03-31 | 1.15 |
| 2024-12-31 | 1.18 |
| 2024-09-30 | 1.09 |
| 2024-06-30 | 1.11 |
| 2024-03-31 | 0.98 |
| 2023-12-31 | 1.21 |
| 2023-09-30 | 1.17 |
| 2023-06-30 | 1.11 |
| 2023-03-31 | 1.03 |
| 2022-12-31 | 1.06 |
| 2022-09-30 | 0.97 |
| 2022-06-30 | 0.95 |
| 2022-03-31 | 0.96 |
| 2021-12-31 | 0.98 |
| 2021-09-30 | 0.99 |
| 2021-06-30 | 0.99 |
| 2021-03-31 | 0.96 |
| 2020-12-31 | 1.04 |
| 2020-09-30 | 1.06 |
| 2020-06-30 | 1.14 |
| 2020-03-31 | 1.14 |
| 2019-12-31 | 0.82 |
| 2019-09-30 | 0.68 |
| 2019-06-30 | 0.78 |
| 2019-03-31 | 0.95 |
| 2018-12-31 | 0.85 |
| 2018-09-30 | 0.85 |
| 2018-06-30 | 0.85 |
| 2018-03-31 | 0.88 |
| 2017-12-31 | 0.85 |
| 2017-09-30 | 0.87 |
| 2017-06-30 | 0.86 |
| 2017-03-31 | 0.84 |
| 2016-12-31 | 0.86 |
| 2016-09-30 | 1.06 |
| 2016-06-30 | 1.07 |
| 2016-03-31 | 1.10 |
| 2015-12-31 | 1.11 |
| 2015-09-30 | 1.12 |
| 2015-06-30 | 1.13 |
| 2015-03-31 | 1.15 |
| 2014-12-31 | 1.10 |
| 2014-09-30 | 1.06 |
| 2014-06-30 | 1.09 |
| 2014-03-31 | 1.07 |
| 2013-12-31 | 1.06 |
| 2013-09-30 | 1.10 |
| 2013-06-30 | 1.06 |
| 2013-03-31 | 1.00 |
| 2012-12-31 | 1.05 |
| 2012-09-30 | 1.05 |
| 2012-06-30 | 1.08 |
| 2012-03-31 | 1.03 |
| 2011-12-31 | 1.03 |
| 2011-09-30 | 0.99 |
| 2011-06-30 | 1.11 |
| 2011-03-31 | 0.96 |
| 2010-12-31 | 0.98 |
| 2010-09-30 | 0.99 |
| 2010-06-30 | 1.01 |
| 2010-03-31 | 0.97 |
| 2009-12-31 | 1.02 |
| 2009-09-30 | 1.08 |
| 2009-06-30 | 0.96 |
| 2009-03-31 | 0.95 |
| 2008-12-31 | 1.05 |
| 2008-09-30 | 1.21 |
| 2008-06-30 | 1.21 |
| 2008-03-31 | 1.18 |
| 2007-12-26 | 1.22 |
| 2007-09-26 | 1.17 |
| 2007-06-26 | 1.24 |
| 2007-03-31 | 1.12 |
| 2006-12-26 | 1.12 |
| 2006-09-26 | 1.07 |
| 2006-06-26 | 1.09 |
| 2006-03-31 | 1.09 |
| 2005-12-26 | 1.15 |
| 2005-09-26 | 1.34 |
| 2005-06-26 | 1.10 |
| 2005-03-31 | 1.04 |
| 2004-12-26 | 1.06 |
| 2004-09-26 | 1.31 |
| 2004-06-26 | 1.50 |
| 2004-03-31 | 1.45 |
| 2003-12-26 | 1.51 |
| 2003-09-26 | 1.56 |
| 2003-06-18 | 1.51 |
| 2003-03-31 | 1.48 |
| 2002-12-26 | 1.57 |
| 2002-09-26 | 1.53 |