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 4.53 is 72% below its 5-year average of 16.03, near the low end of its 5-year range (2.06–44.73).
As of the fiscal period ended Tuesday, March 31, 2026. 42.14% below its 12-month average of 7.83.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
4.53
QUICK RATIO (ACID-TEST) AVG TTM
7.83
QUICK RATIO (ACID-TEST) AVG 3Y
18.33
QUICK RATIO (ACID-TEST) AVG 5Y
16.03
QUICK RATIO (ACID-TEST) AVG 10Y
7.09
QUICK RATIO (ACID-TEST) AVG 15Y
6.13
QUICK RATIO (ACID-TEST) AVG 20Y
4.70
CURRENT VS TTM AVG
-42.14%
CURRENT VS 3Y AVG
-75.27%
CURRENT VS 5Y AVG
-71.73%
CURRENT VS 10Y AVG
-36.06%
CURRENT VS 15Y AVG
-26.08%
CURRENT VS 20Y AVG
-3.55%
SECTOR MEDIAN · BASIC MATERIALS
1.15
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+292.31%
vs the sector median at left
Wheaton Precious Metals Corp.
Market Cap
$52.41B
Quick Ratio (Acid-Test)
4.53
TTM Avg
7.83
3Y Avg
18.33
5Y Avg
16.03
Market Cap
$62.41B
Quick Ratio (Acid-Test)
1.36
TTM Avg
1.52
3Y Avg
1.88
5Y Avg
1.85
Market Cap
$64.02B
Quick Ratio (Acid-Test)
2.44
TTM Avg
2.24
3Y Avg
2.25
5Y Avg
2.49
Market Cap
$65.63B
Quick Ratio (Acid-Test)
0.92
TTM Avg
1.27
3Y Avg
1.34
5Y Avg
1.94
Market Cap
$38.00B
Quick Ratio (Acid-Test)
1.45
TTM Avg
1.19
3Y Avg
1.57
5Y Avg
1.62
Market Cap
$36.99B
Quick Ratio (Acid-Test)
1.20
TTM Avg
1.63
3Y Avg
1.75
5Y Avg
1.71
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Wheaton Precious Metals Corp. (WPM) | $52.41B | 4.53 | 7.83 | 18.33 | 16.03 |
| Corteva, Inc. (CTVA)vs › | $52.38B | 1.10 | 0.95 | 0.93 | 0.99 |
| Nucor Corporation (NUE)vs › | $62.41B | 1.36 | 1.52 | 1.88 | 1.85 |
| Vale S.A. (VALE)vs › | $63.24B | 0.79 | 0.73 | 0.80 | 0.96 |
| Barrick Mining Corporation (B)vs › | $64.02B | 2.44 | 2.24 | 2.25 | 2.49 |
| Air Products and Chemicals, Inc. (APD)vs › | $65.63B | 0.92 | 1.27 | 1.34 | 1.94 |
| CRH plc (CRH)vs › | $66.04B | 1.07 | 1.02 | 1.16 | 1.27 |
| Steel Dynamics, Inc. (STLD)vs › | $38.00B | 1.45 | 1.19 | 1.57 | 1.62 |
| Vulcan Materials Company (VMC)vs › | $36.99B | 1.20 | 1.63 | 1.75 | 1.71 |
| Martin Marietta Materials, Inc. (MLM)vs › | $33.39B | 0.22 | 1.88 | 1.91 | 1.88 |
Quick Ratio
4.53
Excludes inventory
Current Ratio
4.53
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) |
|---|---|
| 2026-03-31 | 4.53 |
| 2025-12-31 | 7.78 |
| 2025-09-30 | 8.09 |
| 2025-06-30 | 7.38 |
| 2025-03-31 | 11.38 |
| 2024-12-31 | 28.07 |
| 2024-09-30 | 25.71 |
| 2024-06-30 | 26.86 |
| 2024-03-31 | 3.65 |
| 2023-12-31 | 21.71 |
| 2023-09-30 | 38.82 |
| 2023-06-30 | 44.73 |
| 2023-03-31 | 9.54 |
| 2022-12-31 | 23.10 |
| 2022-09-30 | 17.79 |
| 2022-06-30 | 20.77 |
| 2022-03-31 | 3.63 |
| 2021-12-31 | 8.12 |
| 2021-09-30 | 13.42 |
| 2021-06-30 | 9.43 |
| 2021-03-31 | 2.06 |
| 2020-12-31 | 6.48 |
| 2020-09-30 | 6.06 |
| 2020-06-30 | 2.73 |
| 2020-03-31 | 1.48 |
| 2019-12-31 | 2.39 |
| 2019-09-30 | 4.67 |
| 2019-06-30 | 3.65 |
| 2019-03-31 | 2.07 |
| 2018-12-31 | 2.76 |
| 2018-09-30 | 8.04 |
| 2018-06-30 | 4.76 |
| 2018-03-31 | 2.51 |
| 2017-12-31 | 8.52 |
| 2017-09-30 | 5.80 |
| 2017-06-30 | 7.23 |
| 2017-03-31 | 2.67 |
| 2016-12-31 | 6.72 |
| 2016-09-30 | 8.23 |
| 2016-06-30 | 9.33 |
| 2016-03-31 | 2.64 |
| 2015-12-31 | 8.42 |
| 2015-09-30 | 4.93 |
| 2015-06-30 | 4.20 |
| 2015-03-31 | 2.38 |
| 2014-12-31 | 20.93 |
| 2014-09-30 | 15.30 |
| 2014-06-30 | 7.48 |
| 2014-03-31 | 2.00 |
| 2013-12-31 | 4.79 |
| 2013-09-30 | 3.31 |
| 2013-06-30 | 1.92 |
| 2013-03-31 | 0.08 |
| 2012-12-31 | 15.88 |
| 2012-09-30 | 14.31 |
| 2012-06-30 | 6.30 |
| 2012-03-31 | 5.03 |
| 2011-12-31 | 5.04 |
| 2011-09-30 | 4.22 |
| 2011-06-30 | 4.21 |
| 2011-03-31 | 3.43 |
| 2010-12-31 | 2.54 |
| 2010-09-30 | 1.47 |
| 2010-06-30 | 1.72 |
| 2010-03-31 | 1.71 |
| 2009-12-31 | 1.38 |
| 2009-09-30 | 1.02 |
| 2009-06-30 | 1.51 |
| 2009-03-31 | 0.91 |
| 2008-12-31 | 0.26 |
| 2008-09-30 | 0.44 |
| 2008-06-30 | 0.79 |
| 2008-03-31 | 0.29 |
| 2007-12-31 | 0.33 |
| 2007-09-30 | 0.25 |
| 2007-06-30 | 23.15 |
| 2007-03-31 | 52.16 |
| 2006-12-31 | 2.87 |
| 2006-09-30 | 3.00 |
| 2006-06-30 | 2.57 |
| 2006-03-31 | 0.13 |
| 2005-12-31 | 61.33 |
| 2005-09-30 | 63.60 |
| 2005-06-30 | 57.74 |
| 2005-03-31 | 35.59 |
| 2004-08-31 | 16.10 |
| 2004-05-31 | 75.96 |
| 2004-02-29 | 26.83 |
| 2003-11-30 | 3.58 |
| 2003-08-31 | -1.16 |
| 2003-05-31 | 6.02 |
| 2003-02-28 | 4.74 |
| 2002-11-30 | 4.97 |
| 2002-08-31 | 4.83 |
| 2002-05-31 | 5.38 |
| 2002-02-28 | 5.30 |
