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 1.23 is 19% above its 5-year average of 1.04, near the high end of its 5-year range (0.82–1.23).
As of the fiscal period ended Tuesday, June 30, 2026. 8.11% above its 12-month average of 1.14.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 1.23.
QUICK RATIO (ACID-TEST)
1.23
QUICK RATIO (ACID-TEST) AVG TTM
1.14
QUICK RATIO (ACID-TEST) AVG 3Y
1.10
QUICK RATIO (ACID-TEST) AVG 5Y
1.04
QUICK RATIO (ACID-TEST) AVG 10Y
1.06
QUICK RATIO (ACID-TEST) AVG 15Y
1.03
QUICK RATIO (ACID-TEST) AVG 20Y
0.98
CURRENT VS TTM AVG
+8.11%
CURRENT VS 3Y AVG
+11.61%
CURRENT VS 5Y AVG
+18.66%
CURRENT VS 10Y AVG
+15.77%
CURRENT VS 15Y AVG
+18.85%
CURRENT VS 20Y AVG
+24.96%
SECTOR MEDIAN · ENERGY
1.06
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+16.00%
vs the sector median at left
Valero Energy Corporation
Market Cap
$111.99B
Quick Ratio (Acid-Test)
1.23
TTM Avg
1.14
3Y Avg
1.10
5Y Avg
1.04
Market Cap
$116.61B
Quick Ratio (Acid-Test)
0.89
TTM Avg
0.72
3Y Avg
0.98
5Y Avg
1.07
Market Cap
$107.10B
Quick Ratio (Acid-Test)
0.75
TTM Avg
0.55
3Y Avg
0.60
5Y Avg
0.61
Market Cap
$91.92B
Quick Ratio (Acid-Test)
0.43
TTM Avg
0.46
3Y Avg
0.59
5Y Avg
0.63
Market Cap
$85.07B
Quick Ratio (Acid-Test)
0.66
TTM Avg
0.74
3Y Avg
0.71
5Y Avg
0.74
Market Cap
$81.50B
Quick Ratio (Acid-Test)
1.08
TTM Avg
0.88
3Y Avg
0.84
5Y Avg
0.76
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Valero Energy Corporation (VLO) | $111.99B | 1.23 | 1.14 | 1.10 | 1.04 |
| Marathon Petroleum Corporation (MPC)vs › | $116.61B | 0.89 | 0.72 | 0.98 | 1.07 |
| Canadian Natural Resources Limited (CNQ)vs › | $107.10B | 0.75 | 0.55 | 0.60 | 0.61 |
| Phillips 66 (PSX)vs › | $104.56B | 1.00 | 0.92 | 1.00 | 0.98 |
| The Williams Companies, Inc. (WMB)vs › | $91.92B | 0.43 | 0.46 | 0.59 | 0.63 |
| Enterprise Products Partners L.P. (EPD)vs › | $85.07B | 0.66 | 0.74 | 0.71 | 0.74 |
| Slb N.V. (SLB)vs › | $84.67B | 1.05 | 1.04 | 1.00 | 0.97 |
| Suncor Energy Inc. (SU)vs › | $81.50B | 1.08 | 0.88 | 0.84 | 0.76 |
| Eni S.p.A. (E)vs › | $81.22B | 1.00 | 1.02 | 1.07 | 1.11 |
| EOG Resources, Inc. (EOG)vs › | $78.30B | 1.68 | 1.67 | 1.79 | 1.78 |
Quick Ratio
1.23
Excludes inventory
Current Ratio
1.64
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 | 1.23 |
| 2026-03-31 | 1.15 |
| 2025-12-31 | 1.11 |
| 2025-09-30 | 1.09 |
| 2025-06-30 | 1.11 |
| 2025-03-31 | 1.09 |
| 2024-12-31 | 1.03 |
| 2024-09-30 | 1.11 |
| 2024-06-30 | 1.04 |
| 2024-03-31 | 1.10 |
| 2023-12-31 | 1.11 |
| 2023-09-30 | 1.08 |
| 2023-06-30 | 1.12 |
| 2023-03-31 | 1.03 |
| 2022-12-31 | 1.00 |
| 2022-09-30 | 0.93 |
| 2022-06-30 | 0.92 |
| 2022-03-31 | 0.82 |
| 2021-12-31 | 0.88 |
| 2021-09-30 | 0.88 |
| 2021-06-30 | 0.93 |
| 2021-03-31 | 0.95 |
| 2020-12-31 | 1.06 |
| 2020-09-30 | 1.24 |
| 2020-06-30 | 1.01 |
| 2020-03-31 | 0.89 |
| 2019-12-31 | 0.91 |
| 2019-09-30 | 0.88 |
| 2019-06-30 | 0.92 |
| 2019-03-31 | 0.92 |
| 2018-12-31 | 1.04 |
| 2018-09-30 | 0.99 |
| 2018-06-30 | 1.10 |
| 2018-03-31 | 1.09 |
| 2017-12-31 | 1.17 |
| 2017-09-30 | 1.24 |
| 2017-06-30 | 1.31 |
| 2017-03-31 | 1.25 |
| 2016-12-31 | 1.33 |
| 2016-09-30 | 1.33 |
| 2016-06-30 | 1.16 |
| 2016-03-31 | 1.30 |
| 2015-12-31 | 1.24 |
| 2015-09-30 | 1.24 |
| 2015-06-30 | 1.20 |
| 2015-03-31 | 1.17 |
| 2014-12-31 | 1.00 |
| 2014-09-30 | 0.95 |
| 2014-06-30 | 0.95 |
| 2014-03-31 | 0.92 |
| 2013-12-31 | 1.03 |
| 2013-09-30 | 0.84 |
| 2013-06-30 | 0.86 |
| 2013-03-31 | 0.81 |
| 2012-12-31 | 0.88 |
| 2012-09-30 | 0.86 |
| 2012-06-30 | 0.80 |
| 2012-03-31 | 0.74 |
| 2011-12-31 | 0.81 |
| 2011-09-30 | 0.92 |
| 2011-06-30 | 1.05 |
| 2011-03-31 | 1.03 |
| 2010-12-31 | 0.98 |
| 2010-09-30 | 0.86 |
| 2010-06-30 | 0.83 |
| 2010-03-31 | 0.81 |
| 2009-12-31 | 0.78 |
| 2009-09-30 | 0.81 |
| 2009-06-30 | 0.90 |
| 2009-03-31 | 0.93 |
| 2008-12-31 | 0.78 |
| 2008-09-30 | 0.85 |
| 2008-06-30 | 0.81 |
| 2008-03-31 | 0.77 |
| 2007-12-31 | 0.89 |
| 2007-09-30 | 0.98 |
| 2007-06-30 | 0.95 |
| 2007-03-31 | 0.68 |
| 2006-12-31 | 0.72 |
| 2006-09-30 | 0.63 |
| 2006-06-30 | 0.61 |
| 2006-03-31 | 0.51 |
| 2005-12-31 | 0.58 |
| 2005-09-30 | 0.58 |
| 2005-06-30 | 0.65 |
| 2005-03-31 | 0.55 |
| 2004-12-31 | 0.65 |
| 2004-09-30 | 0.60 |
| 2004-06-30 | 0.53 |
| 2004-03-31 | 0.56 |
| 2003-12-31 | 0.62 |
| 2003-09-30 | 0.57 |
| 2003-06-30 | 0.72 |
| 2003-03-31 | 0.86 |
| 2002-12-31 | 0.70 |
| 2002-09-30 | 0.66 |