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 1.01 is 22% below its 5-year average of 1.30, near the low end of its 5-year range (0.88–2.79).
As of the fiscal period ended Tuesday, March 31, 2026. 6.46% above its 12-month average of 0.95.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.01
QUICK RATIO (ACID-TEST) AVG TTM
0.95
QUICK RATIO (ACID-TEST) AVG 3Y
0.97
QUICK RATIO (ACID-TEST) AVG 5Y
1.08
QUICK RATIO (ACID-TEST) AVG 10Y
2.06
QUICK RATIO (ACID-TEST) AVG 15Y
2.92
QUICK RATIO (ACID-TEST) AVG 20Y
2.82
CURRENT VS TTM AVG
+6.46%
CURRENT VS 3Y AVG
+4.77%
CURRENT VS 5Y AVG
-5.85%
CURRENT VS 10Y AVG
-50.78%
CURRENT VS 15Y AVG
-65.24%
CURRENT VS 20Y AVG
-64.04%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-16.25%
vs the sector median at left
Market Cap
$209.19B
Quick Ratio (Acid-Test)
0.57
TTM Avg
0.56
3Y Avg
0.61
5Y Avg
0.63
Market Cap
$213.42B
Quick Ratio (Acid-Test)
1.53
TTM Avg
1.41
3Y Avg
1.34
5Y Avg
1.37
Market Cap
$182.90B
Quick Ratio (Acid-Test)
1.18
TTM Avg
1.21
3Y Avg
1.20
5Y Avg
1.26
Market Cap
$161.66B
Quick Ratio (Acid-Test)
1.31
TTM Avg
1.38
3Y Avg
1.29
5Y Avg
1.26
Market Cap
$137.13B
Quick Ratio (Acid-Test)
1.51
TTM Avg
1.28
3Y Avg
1.37
5Y Avg
1.36
Market Cap
$133.37B
Quick Ratio (Acid-Test)
1.14
TTM Avg
1.15
3Y Avg
1.19
5Y Avg
1.27
Market Cap
$133.25B
Quick Ratio (Acid-Test)
0.63
TTM Avg
0.61
3Y Avg
0.63
5Y Avg
0.63
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Amgen Inc. (AMGN) | $207.87B | 1.01 | 0.95 | 0.97 | 1.08 |
| Novo Nordisk A/S (NVO)vs › | $209.19B | 0.57 | 0.56 | 0.61 | 0.63 |
| Thermo Fisher Scientific Inc. (TMO)vs › | $213.42B | 1.53 | 1.41 | 1.34 | 1.37 |
| Abbott Laboratories (ABT)vs › | $182.90B | 1.18 | 1.21 | 1.20 | 1.26 |
| Gilead Sciences, Inc. (GILD)vs › | $161.66B | 1.31 | 1.38 | 1.29 | 1.26 |
| Pfizer Inc. (PFE)vs › | $142.54B | 0.87 | 0.90 | 0.87 | 0.95 |
| Danaher Corporation (DHR)vs › | $137.13B | 1.51 | 1.28 | 1.37 | 1.36 |
| Bristol-Myers Squibb Company (BMY)vs › | $133.37B | 1.14 | 1.15 | 1.19 | 1.27 |
| CVS Health Corp. (CVS)vs › | $133.25B | 0.63 | 0.61 | 0.63 | 0.63 |
| AstraZeneca PLC (AZN)vs › | $131.47B | 0.72 | 0.73 | 0.70 | 0.72 |
Quick Ratio
1.01
Excludes inventory
Current Ratio
1.14
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 | 1.01 |
| 2025-12-31 | 0.90 |
| 2025-09-30 | 0.99 |
| 2025-06-30 | 0.98 |
| 2025-03-31 | 0.88 |
| 2024-12-31 | 0.95 |
| 2024-09-30 | 0.96 |
| 2024-06-30 | 0.89 |
| 2024-03-31 | 0.98 |
| 2023-12-31 | 1.13 |
| 2023-09-30 | 2.56 |
| 2023-06-30 | 2.48 |
| 2023-03-31 | 2.79 |
| 2022-12-31 | 1.10 |
| 2022-09-30 | 1.35 |
| 2022-06-30 | 1.17 |
| 2022-03-31 | 1.09 |
| 2021-12-31 | 1.26 |
| 2021-09-30 | 1.36 |
| 2021-06-30 | 1.03 |
| 2021-03-31 | 1.34 |
| 2020-12-31 | 1.48 |
| 2020-09-30 | 1.88 |
| 2020-06-30 | 1.81 |
| 2020-03-31 | 1.28 |
| 2019-12-31 | 1.16 |
| 2019-09-30 | 2.59 |
| 2019-06-30 | 2.60 |
| 2019-03-31 | 2.53 |
| 2018-12-31 | 2.57 |
| 2018-09-30 | 2.84 |
| 2018-06-30 | 3.12 |
| 2018-03-31 | 3.60 |
| 2017-12-31 | 5.17 |
| 2017-09-30 | 5.72 |
| 2017-06-30 | 5.82 |
| 2017-03-31 | 4.14 |
| 2016-12-31 | 3.86 |
| 2016-09-30 | 4.09 |
| 2016-06-30 | 3.72 |
| 2016-03-31 | 4.65 |
| 2015-12-31 | 4.16 |
| 2015-09-30 | 5.07 |
| 2015-06-30 | 5.10 |
| 2015-03-31 | 5.11 |
| 2014-12-31 | 4.58 |
| 2014-09-30 | 3.88 |
| 2014-06-30 | 3.99 |
| 2014-03-31 | 3.09 |
| 2013-12-31 | 3.06 |
| 2013-09-30 | 5.75 |
| 2013-06-30 | 5.62 |
| 2013-03-31 | 5.05 |
| 2012-12-31 | 3.48 |
| 2012-09-30 | 3.57 |
| 2012-06-30 | 3.36 |
| 2012-03-31 | 2.94 |
| 2011-12-31 | 4.36 |
| 2011-09-30 | 4.15 |
| 2011-06-30 | 5.07 |
| 2011-03-31 | 4.61 |
| 2010-12-31 | 3.21 |
| 2010-09-30 | 3.34 |
| 2010-06-30 | 3.01 |
| 2010-03-31 | 2.68 |
| 2009-12-31 | 4.32 |
| 2009-09-30 | 3.63 |
| 2009-06-30 | 3.44 |
| 2009-03-31 | 3.00 |
| 2008-12-31 | 2.69 |
| 2008-09-30 | 2.75 |
| 2008-06-30 | 2.28 |
| 2008-03-31 | 2.09 |
| 2007-12-31 | 1.77 |
| 2007-09-30 | 2.28 |
| 2007-06-30 | 2.13 |
| 2007-03-31 | 1.83 |
| 2006-12-31 | 1.40 |
| 2006-09-30 | 1.42 |
| 2006-06-30 | 1.35 |
| 2006-03-31 | 1.84 |
| 2005-12-31 | 2.22 |
| 2005-09-30 | 1.59 |
| 2005-06-30 | 1.43 |
| 2005-03-31 | 1.36 |
| 2004-12-31 | 1.99 |
| 2004-09-30 | 1.17 |
| 2004-06-30 | 1.22 |
| 2004-03-31 | 1.30 |
| 2003-12-31 | 2.72 |
| 2003-09-30 | 4.27 |
| 2003-06-30 | 3.75 |
| 2003-03-31 | 3.83 |
| 2002-12-31 | 3.83 |
| 2002-09-30 | 3.60 |
| 2002-06-30 | 4.95 |