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 5.90 is 26% above its 5-year average of 4.69, around the middle of its 5-year range (2.43–8.31).
As of the fiscal period ended Tuesday, June 30, 2026. 16.85% above its 12-month average of 5.05.
Reported quarterly quick ratio; no daily interpolation. Q3 FY2026 (2026-06-30): 5.90.
QUICK RATIO (ACID-TEST)
5.90
QUICK RATIO (ACID-TEST) AVG TTM
5.05
QUICK RATIO (ACID-TEST) AVG 3Y
5.42
QUICK RATIO (ACID-TEST) AVG 5Y
4.69
QUICK RATIO (ACID-TEST) AVG 10Y
4.71
QUICK RATIO (ACID-TEST) AVG 15Y
4.73
QUICK RATIO (ACID-TEST) AVG 20Y
4.86
CURRENT VS TTM AVG
+16.85%
CURRENT VS 3Y AVG
+8.86%
CURRENT VS 5Y AVG
+25.75%
CURRENT VS 10Y AVG
+25.29%
CURRENT VS 15Y AVG
+24.82%
CURRENT VS 20Y AVG
+21.27%
SECTOR MEDIAN · HEALTHCARE
2.85
median of 440 covered companies
CURRENT VS SECTOR MEDIAN
+106.98%
vs the sector median at left
Arrowhead Pharmaceuticals, Inc.
Market Cap
$8.78B
Quick Ratio (Acid-Test)
5.90
TTM Avg
5.05
3Y Avg
5.42
5Y Avg
4.69
Market Cap
$8.59B
Quick Ratio (Acid-Test)
4.88
TTM Avg
4.46
3Y Avg
3.60
5Y Avg
3.01
Market Cap
$9.11B
Quick Ratio (Acid-Test)
1.34
TTM Avg
1.76
3Y Avg
2.38
5Y Avg
3.52
Market Cap
$8.41B
Quick Ratio (Acid-Test)
1.08
TTM Avg
0.93
3Y Avg
1.08
5Y Avg
1.24
Market Cap
$9.35B
Quick Ratio (Acid-Test)
0.92
TTM Avg
0.82
3Y Avg
1.02
5Y Avg
1.25
Market Cap
$9.60B
Quick Ratio (Acid-Test)
0.73
TTM Avg
0.77
3Y Avg
0.86
5Y Avg
0.88
Market Cap
$9.72B
Quick Ratio (Acid-Test)
0.92
TTM Avg
0.82
3Y Avg
1.02
5Y Avg
1.25
Market Cap
$7.80B
Quick Ratio (Acid-Test)
6.66
TTM Avg
5.35
3Y Avg
6.55
5Y Avg
8.14
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arrowhead Pharmaceuticals, Inc. (ARWR) | $8.78B | 5.90 | 5.05 | 5.42 | 4.69 |
| Caris Life Sciences, Inc. (CAI)vs › | $8.59B | 4.88 | 4.46 | 3.60 | 3.01 |
| Axsome Therapeutics, Inc. (AXSM)vs › | $9.11B | 1.34 | 1.76 | 2.38 | 3.52 |
| Oscar Health, Inc. (OSCR)vs › | $8.41B | 1.08 | 0.93 | 1.08 | 1.24 |
| Bruker Corporation (BRKRP)vs › | $9.35B | 0.92 | 0.82 | 1.02 | 1.25 |
| Insulet Corp. (PODD)vs › | $9.39B | 1.83 | 2.42 | 2.51 | 3.28 |
| Henry Schein, Inc. (HSIC)vs › | $9.60B | 0.73 | 0.77 | 0.86 | 0.88 |
| Bruker Corporation (BRKR)vs › | $9.72B | 0.92 | 0.82 | 1.02 | 1.25 |
| Cytokinetics, Incorporated (CYTK)vs › | $7.80B | 6.66 | 5.35 | 6.55 | 8.14 |
| HealthEquity, Inc. (HQY)vs › | $7.65B | 2.99 | 3.17 | 3.50 | 3.09 |
Quick Ratio
5.90
Excludes inventory
Current Ratio
5.90
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 | 5.90 |
| 2026-03-31 | 6.23 |
| 2025-12-31 | 3.38 |
| 2025-09-30 | 4.86 |
| 2025-06-30 | 4.87 |
| 2025-03-31 | 5.15 |
| 2024-12-31 | 6.09 |
| 2024-09-30 | 6.74 |
| 2024-06-30 | 4.65 |
| 2024-03-31 | 8.31 |
| 2023-12-31 | 3.73 |
| 2023-09-30 | 3.98 |
| 2023-06-30 | 6.55 |
| 2023-03-31 | 6.60 |
| 2022-12-31 | 4.64 |
| 2022-09-30 | 2.87 |
| 2022-06-30 | 3.32 |
| 2022-03-31 | 2.96 |
| 2021-12-31 | 2.43 |
| 2021-09-30 | 2.59 |
| 2021-06-30 | 2.65 |
| 2021-03-31 | 3.47 |
| 2020-12-31 | 12.62 |
| 2020-09-30 | 7.82 |
| 2020-06-30 | 7.27 |
| 2020-03-31 | 5.84 |
| 2019-12-31 | 6.85 |
| 2019-09-30 | 2.70 |
| 2019-06-30 | 2.76 |
| 2019-03-31 | 2.29 |
| 2018-12-31 | 1.84 |
| 2018-09-30 | 6.27 |
| 2018-06-30 | 8.53 |
| 2018-03-31 | 10.07 |
| 2017-12-31 | 3.82 |
| 2017-09-30 | 3.58 |
| 2017-06-30 | 3.79 |
| 2017-03-31 | 3.23 |
| 2016-12-31 | 2.86 |
| 2016-09-30 | 3.48 |
| 2016-06-30 | 3.34 |
| 2016-03-31 | 4.70 |
| 2015-12-31 | 6.67 |
| 2015-09-30 | 6.47 |
| 2015-06-30 | 12.03 |
| 2015-03-31 | 9.09 |
| 2014-12-31 | 11.11 |
| 2014-09-30 | 13.07 |
| 2014-06-30 | 19.81 |
| 2014-03-31 | 15.45 |
| 2013-12-31 | 8.47 |
| 2013-09-30 | 3.31 |
| 2013-06-30 | 5.15 |
| 2013-03-31 | 0.52 |
| 2012-12-31 | 1.00 |
| 2012-09-30 | 1.23 |
| 2012-06-30 | 1.02 |
| 2012-03-31 | 1.38 |
| 2011-12-31 | 1.81 |
| 2011-09-30 | 3.82 |
| 2011-06-30 | 3.26 |
| 2011-03-31 | 3.44 |
| 2010-12-31 | 1.37 |
| 2010-09-30 | 1.85 |
| 2010-06-30 | 1.90 |
| 2010-03-31 | 1.31 |
| 2009-12-31 | 1.61 |
| 2009-09-30 | 1.06 |
| 2009-06-30 | 0.81 |
| 2009-03-31 | 0.94 |
| 2008-12-31 | 1.86 |
| 2008-09-30 | 2.83 |
| 2008-06-30 | 5.69 |
| 2008-03-31 | 8.96 |
| 2007-12-31 | 11.48 |
| 2007-09-30 | 8.74 |
| 2007-06-30 | 10.92 |
| 2007-03-31 | 19.62 |
| 2006-12-31 | 28.37 |
| 2006-09-30 | 9.85 |
| 2006-06-30 | 18.13 |
| 2006-03-31 | 13.95 |
| 2005-12-31 | 13.40 |
| 2005-09-30 | 22.28 |
| 2005-06-30 | 25.85 |
| 2005-03-31 | 16.75 |
| 2004-12-31 | 20.78 |
| 2004-09-30 | 13.77 |
| 2004-06-30 | 29.32 |
| 2004-03-31 | 299.35 |
| 2003-12-31 | 104.56 |
| 2003-09-30 | 15.74 |
| 2003-06-30 | 0.00 |
| 2003-03-31 | 0.00 |
| 2002-12-31 | 0.00 |
| 2002-09-30 | 0.01 |