Shopify Inc. (SHOP) Quick Ratio (Acid-Test): 5.94
Is Shopify Inc.’s quick ratio (acid-test) high or low?
Shopify Inc.'s quick ratio (acid-test) of 5.94 is 31% below its 5-year average of 8.59, near the low end of its 5-year range (3.70–15.69).
The quick ratio (acid-test) for Shopify Inc. (SHOP) is 5.94 as of Wednesday, June 10, 2026. It is above its 12-month average by 23.24% (4.82).
SHOP Quick Ratio (Acid-Test) Chart
SHOP Average Quick Ratio (Acid-Test) Chart
SHOP Current vs Average Quick Ratio (Acid-Test) Chart
SHOP Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
5.94
QUICK RATIO (ACID-TEST) AVG TTM
4.82
QUICK RATIO (ACID-TEST) AVG 3Y
5.92
QUICK RATIO (ACID-TEST) AVG 5Y
8.59
QUICK RATIO (ACID-TEST) AVG 10Y
8.92
QUICK RATIO (ACID-TEST) AVG 15Y
8.49
QUICK RATIO (ACID-TEST) AVG 20Y
8.49
CURRENT VS TTM AVG
+23.24%
CURRENT VS 3Y AVG
+0.34%
CURRENT VS 5Y AVG
-30.82%
CURRENT VS 10Y AVG
-33.44%
CURRENT VS 15Y AVG
-30.04%
CURRENT VS 20Y AVG
-30.04%
SHOP Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shopify Inc. (SHOP) | $140.41B | 5.94 | 4.82 | 5.92 | 8.59 |
| Salesforce, Inc. (CRM) | $141.00B | 0.76 | 0.91 | 0.98 | 1.04 |
| Uber Technologies, Inc. (UBER) | $139.66B | 1.14 | 1.10 | 1.11 | 1.14 |
| CrowdStrike Holdings, Inc. (CRWD) | $164.89B | 1.77 | 1.72 | 1.69 | 1.84 |
| Western Digital Corporation (WDC) | $168.93B | 0.84 | 0.97 | 0.96 | 1.07 |
| ServiceNow, Inc. (NOW) | $109.38B | 0.95 | 1.02 | 1.05 | 1.08 |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 2.67 | 2.71 | 1.93 | 1.85 |
| Accenture plc (ACN) | $104.93B | 1.42 | 1.26 | 1.26 | 1.28 |
| Fortinet, Inc. (FTNT) | $101.91B | 1.09 | 1.24 | 1.17 | 1.26 |
| Palo Alto Networks, Inc. (PANW) | $179.39B | 0.89 | 0.89 | 0.83 | 1.02 |
Liquidity Comparison
Quick Ratio
5.94
Excludes inventory
Current Ratio
5.96
Includes inventory
Shopify Inc. 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
Shopify Inc. Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for Shopify Inc. (SHOP)?
- The quick ratio (acid-test) for SHOP stock is 5.94.
- Is Shopify Inc.'s quick ratio (acid-test) high or low?
- Shopify Inc.'s quick ratio (acid-test) of 5.94 is 31% below its 5-year average of 8.59, near the low end of its 5-year range (3.70–15.69).
- What is the TTM average quick ratio (acid-test) for Shopify Inc. (SHOP)?
- The TTM average quick ratio (acid-test) for SHOP stock is 4.82.
- What is the 3Y average quick ratio (acid-test) for Shopify Inc. (SHOP)?
- The 3Y average quick ratio (acid-test) for SHOP stock is 5.92.
- What is the 5Y average quick ratio (acid-test) for Shopify Inc. (SHOP)?
- The 5Y average quick ratio (acid-test) for SHOP stock is 8.59.
- What is the 10Y average quick ratio (acid-test) for Shopify Inc. (SHOP)?
- The 10Y average quick ratio (acid-test) for SHOP stock is 8.92.
- What is the 15Y average quick ratio (acid-test) for Shopify Inc. (SHOP)?
- The 15Y average quick ratio (acid-test) for SHOP stock is 8.49.
- What is the 20Y average quick ratio (acid-test) for Shopify Inc. (SHOP)?
- The 20Y average quick ratio (acid-test) for SHOP stock is 8.49.
Shopify Inc. Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2025-12-31 | 5.94 |
| 2024-12-31 | 3.70 |
| 2023-12-31 | 6.97 |
| 2022-12-31 | 7.07 |
| 2021-12-31 | 12.15 |
| 2020-12-31 | 15.69 |
| 2019-12-31 | 8.67 |
| 2018-12-31 | 15.35 |
| 2017-12-31 | 10.82 |
| 2016-12-31 | 6.36 |
| 2015-12-31 | 5.44 |
| 2014-12-31 | 3.46 |
| 2013-12-31 | 8.76 |
Related Metrics
About Shopify Inc.
Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Tobias Lutke