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 0.24 is 95% below its 5-year average of 4.51, near the low end of its 5-year range (0.00–11.98).
As of the fiscal period ended Sunday, May 31, 2026. 60.72% below its 12-month average of 0.60.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.24
QUICK RATIO (ACID-TEST) AVG TTM
0.60
QUICK RATIO (ACID-TEST) AVG 3Y
0.87
QUICK RATIO (ACID-TEST) AVG 5Y
4.51
QUICK RATIO (ACID-TEST) AVG 10Y
6.25
QUICK RATIO (ACID-TEST) AVG 15Y
6.47
QUICK RATIO (ACID-TEST) AVG 20Y
5.13
CURRENT VS TTM AVG
-60.72%
CURRENT VS 3Y AVG
-72.64%
CURRENT VS 5Y AVG
-94.75%
CURRENT VS 10Y AVG
-96.21%
CURRENT VS 15Y AVG
-96.34%
CURRENT VS 20Y AVG
-95.38%
SECTOR MEDIAN · FINANCIAL SERVICES
1.08
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
-78.06%
vs the sector median at left
The Progressive Corporation
Market Cap
$124.75B
Quick Ratio (Acid-Test)
0.24
TTM Avg
0.60
3Y Avg
0.87
5Y Avg
4.51
Market Cap
$123.78B
Quick Ratio (Acid-Test)
0.95
TTM Avg
0.83
3Y Avg
0.86
5Y Avg
1.24
Market Cap
$129.45B
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$130.43B
Quick Ratio (Acid-Test)
0.13
TTM Avg
0.15
3Y Avg
0.24
5Y Avg
0.30
Market Cap
$112.16B
Quick Ratio (Acid-Test)
0.85
TTM Avg
0.68
3Y Avg
0.72
5Y Avg
0.75
Market Cap
$104.19B
Quick Ratio (Acid-Test)
1.67
TTM Avg
1.32
3Y Avg
1.41
5Y Avg
1.41
Market Cap
$98.76B
Quick Ratio (Acid-Test)
1.02
TTM Avg
46.99
3Y Avg
24.00
5Y Avg
16.34
Market Cap
$97.76B
Quick Ratio (Acid-Test)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Progressive Corporation (PGR) | $124.75B | 0.24 | 0.60 | 0.87 | 4.51 |
| S&P Global Inc. (SPGI)vs › | $123.78B | 0.95 | 0.83 | 0.86 | 1.24 |
| Vanguard Dividend Appreciation ETF (VIG)vs › | $129.45B | N/A | N/A | N/A | N/A |
| Chubb Limited (CB)vs › | $130.38B | 0.83 | 0.61 | 0.61 | 0.61 |
| Capital One Financial Corporation (COF)vs › | $130.43B | 0.13 | 0.15 | 0.24 | 0.30 |
| Bank of New York Mellon Corp (BNY)vs › | $112.16B | 0.85 | 0.68 | 0.72 | 0.75 |
| Robinhood Markets, Inc. (HOOD)vs › | $104.19B | 1.67 | 1.32 | 1.41 | 1.41 |
| CME Group Inc. (CME)vs › | $98.76B | 1.02 | 46.99 | 24.00 | 16.34 |
| Schwab U.S. Dividend Equity ETF (SCHD)vs › | $97.76B | N/A | N/A | N/A | N/A |
| U.S. Bancorp (USB)vs › | $97.02B | 1.78 | 0.27 | 0.26 | 0.32 |
Quick Ratio
0.24
Excludes inventory
Current Ratio
0.24
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) |
|---|---|
| 2026-05-31 | 0.24 |
| 2026-03-31 | 0.25 |
| 2025-12-31 | 0.59 |
| 2025-09-30 | 0.45 |
| 2025-06-30 | 1.50 |
| 2025-03-31 | 1.46 |
| 2024-12-31 | 0.37 |
| 2024-09-30 | 0.26 |
| 2024-06-30 | 1.57 |
| 2024-03-31 | 1.57 |
| 2023-12-31 | 0.00 |
| 2023-09-30 | 1.51 |
| 2023-06-30 | 1.51 |
| 2023-03-31 | 11.37 |
| 2022-12-31 | 11.98 |
| 2022-09-30 | 11.18 |
| 2022-06-30 | 10.79 |
| 2022-03-31 | 9.44 |
| 2021-12-31 | 9.86 |
| 2021-09-30 | 9.75 |
| 2021-06-30 | 9.14 |
| 2021-03-31 | 8.85 |
| 2020-12-31 | 11.03 |
| 2020-09-30 | 9.16 |
| 2020-06-30 | 8.41 |
| 2020-03-31 | 7.73 |
| 2019-12-31 | 9.12 |
| 2019-09-30 | 7.42 |
| 2019-06-30 | 7.48 |
| 2019-03-31 | 8.31 |
| 2018-12-31 | 6.63 |
| 2018-09-30 | 9.11 |
| 2018-06-30 | 8.59 |
| 2018-03-31 | 9.39 |
| 2017-12-31 | 4.29 |
| 2017-09-30 | 8.84 |
| 2017-06-30 | 8.75 |
| 2017-03-31 | 8.76 |
| 2016-12-31 | 9.90 |
| 2016-09-30 | 4.83 |
| 2016-06-30 | 5.09 |
| 2016-03-31 | 5.16 |
| 2015-12-31 | 10.60 |
| 2015-09-30 | 9.18 |
| 2015-06-30 | 9.60 |
| 2015-03-31 | 9.45 |
| 2014-12-31 | 10.26 |
| 2014-09-30 | 8.76 |
| 2014-06-30 | 9.09 |
| 2014-03-31 | 9.45 |
| 2013-12-31 | 10.24 |
| 2013-09-30 | 9.01 |
| 2013-06-30 | 9.07 |
| 2013-03-31 | 8.60 |
| 2012-12-31 | 9.38 |
| 2012-09-30 | 0.00 |
| 2012-06-30 | 0.00 |
| 2012-03-31 | 2.87 |
| 2011-12-31 | 7.25 |
| 2011-09-30 | 0.00 |
| 2011-06-30 | 0.00 |
| 2011-03-31 | 0.00 |
| 2010-12-31 | 0.00 |
| 2010-09-30 | 34.42 |
| 2010-06-30 | 0.00 |
| 2010-03-31 | 0.00 |
| 2009-12-31 | 0.00 |
| 2009-09-30 | 0.00 |
| 2009-06-30 | 0.00 |
| 2009-03-31 | 0.00 |
| 2008-12-31 | 0.00 |
| 2008-09-30 | 2.17 |
| 2008-06-30 | 2.03 |
| 2008-03-31 | 2.68 |
| 2007-12-31 | 0.00 |
| 2007-09-30 | 2.17 |
| 2007-06-30 | 2.31 |
| 2007-03-31 | 2.37 |
| 2006-12-31 | 0.00 |
| 2006-09-30 | 0.00 |
| 2006-06-30 | 2.09 |
| 2006-03-31 | 2.36 |
| 2005-12-31 | 2.24 |
| 2005-09-30 | 2.10 |
| 2005-06-30 | 3.30 |
| 2005-03-31 | 2.63 |
| 2004-12-31 | 2.87 |
| 2004-09-30 | 3.27 |
| 2004-06-30 | 2.38 |
| 2004-03-31 | 2.53 |
| 2003-12-31 | 2.42 |
| 2003-09-30 | 0.00 |
| 2003-06-30 | 0.00 |
| 2003-03-31 | 0.00 |
| 2002-12-31 | 0.00 |
| 2002-09-30 | 0.00 |