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 2.41 is 40% above its 5-year average of 1.73, near the high end of its 5-year range (0.80–2.86).
As of the fiscal period ended Tuesday, March 31, 2026. 29.96% above its 12-month average of 1.86.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
2.41
QUICK RATIO (ACID-TEST) AVG TTM
1.86
QUICK RATIO (ACID-TEST) AVG 3Y
1.68
QUICK RATIO (ACID-TEST) AVG 5Y
1.73
QUICK RATIO (ACID-TEST) AVG 10Y
1.92
QUICK RATIO (ACID-TEST) AVG 15Y
1.95
QUICK RATIO (ACID-TEST) AVG 20Y
2.09
CURRENT VS TTM AVG
+29.96%
CURRENT VS 3Y AVG
+43.91%
CURRENT VS 5Y AVG
+39.58%
CURRENT VS 10Y AVG
+25.78%
CURRENT VS 15Y AVG
+23.70%
CURRENT VS 20Y AVG
+15.68%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+99.56%
vs the sector median at left
Market Cap
$27.56B
Quick Ratio (Acid-Test)
0.93
TTM Avg
0.86
3Y Avg
0.82
5Y Avg
0.76
Market Cap
$26.82B
Quick Ratio (Acid-Test)
0.81
TTM Avg
0.77
3Y Avg
0.77
5Y Avg
0.79
Market Cap
$25.15B
Quick Ratio (Acid-Test)
0.96
TTM Avg
0.99
3Y Avg
1.07
5Y Avg
1.22
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Biogen Inc. (BIIB) | $29.85B | 2.41 | 1.86 | 1.68 | 1.73 |
| Centene Corp. (CNC)vs › | $31.31B | 1.68 | 1.40 | 1.24 | 1.19 |
| ResMed Inc. (RMD)vs › | $28.33B | 2.53 | 2.11 | 1.94 | 1.80 |
| Zoetis Inc. (ZTS)vs › | $31.59B | 1.94 | 1.51 | 1.66 | 1.96 |
| DexCom, Inc. (DXCM)vs › | $27.61B | 1.59 | 1.44 | 1.80 | 2.83 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $27.56B | 0.93 | 0.86 | 0.82 | 0.76 |
| Medline Inc. (MDLN)vs › | $32.77B | 2.37 | 1.97 | 2.09 | 2.09 |
| Mettler-Toledo International Inc. (MTD)vs › | $26.82B | 0.81 | 0.77 | 0.77 | 0.79 |
| Quest Diagnostics Incorporated (DGX)vs › | $25.15B | 0.96 | 0.99 | 1.07 | 1.22 |
| IQVIA Holdings Inc. (IQV)vs › | $34.72B | 0.75 | 0.79 | 0.83 | 0.90 |
Quick Ratio
2.41
Excludes inventory
Current Ratio
2.68
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 | 2.41 |
| 2025-12-31 | 2.03 |
| 2025-09-30 | 2.04 |
| 2025-06-30 | 1.79 |
| 2025-03-31 | 1.01 |
| 2024-12-31 | 0.90 |
| 2024-09-30 | 0.80 |
| 2024-06-30 | 1.48 |
| 2024-03-31 | 1.32 |
| 2023-12-31 | 1.26 |
| 2023-09-30 | 1.09 |
| 2023-06-30 | 2.86 |
| 2023-03-31 | 2.81 |
| 2022-12-31 | 2.58 |
| 2022-09-30 | 2.14 |
| 2022-06-30 | 1.68 |
| 2022-03-31 | 1.70 |
| 2021-12-31 | 1.51 |
| 2021-09-30 | 1.38 |
| 2021-06-30 | 1.77 |
| 2021-03-31 | 1.75 |
| 2020-12-31 | 1.55 |
| 2020-09-30 | 1.79 |
| 2020-06-30 | 2.19 |
| 2020-03-31 | 1.54 |
| 2019-12-31 | 1.56 |
| 2019-09-30 | 1.74 |
| 2019-06-30 | 2.22 |
| 2019-03-31 | 2.60 |
| 2018-12-31 | 2.04 |
| 2018-09-30 | 2.46 |
| 2018-06-30 | 2.06 |
| 2018-03-31 | 2.95 |
| 2017-12-31 | 2.07 |
| 2017-09-30 | 1.90 |
| 2017-06-30 | 1.83 |
| 2017-03-31 | 1.98 |
| 2016-12-31 | 2.26 |
| 2016-09-30 | 2.83 |
| 2016-06-30 | 2.56 |
| 2016-03-31 | 2.25 |
| 2015-12-31 | 2.25 |
| 2015-09-30 | 3.17 |
| 2015-06-30 | 1.86 |
| 2015-03-31 | 2.28 |
| 2014-12-31 | 1.68 |
| 2014-09-30 | 1.86 |
| 2014-06-30 | 1.67 |
| 2014-03-31 | 1.79 |
| 2013-12-31 | 1.44 |
| 2013-09-30 | 1.34 |
| 2013-06-30 | 1.50 |
| 2013-03-31 | 3.76 |
| 2012-12-31 | 1.69 |
| 2012-09-30 | 1.75 |
| 2012-06-30 | 1.75 |
| 2012-03-31 | 1.75 |
| 2011-12-31 | 2.90 |
| 2011-09-30 | 2.85 |
| 2011-06-30 | 2.49 |
| 2011-03-31 | 2.38 |
| 2010-12-31 | 2.14 |
| 2010-09-30 | 2.26 |
| 2010-06-30 | 2.63 |
| 2010-03-31 | 3.12 |
| 2009-12-31 | 3.06 |
| 2009-09-30 | 3.18 |
| 2009-06-30 | 3.08 |
| 2009-03-31 | 2.74 |
| 2008-12-31 | 2.38 |
| 2008-09-30 | 2.42 |
| 2008-06-30 | 2.15 |
| 2008-03-31 | 2.69 |
| 2007-12-31 | 0.97 |
| 2007-09-30 | 0.70 |
| 2007-06-30 | 0.72 |
| 2007-03-31 | 3.51 |
| 2006-12-31 | 2.65 |
| 2006-09-30 | 2.48 |
| 2006-06-30 | 2.61 |
| 2006-03-31 | 2.70 |
| 2005-12-31 | 2.46 |
| 2005-09-30 | 2.34 |
| 2005-06-30 | 2.87 |
| 2005-03-31 | 1.42 |
| 2004-12-31 | 1.33 |
| 2004-09-30 | 2.37 |
| 2004-06-30 | 3.21 |
| 2004-03-31 | 3.46 |
| 2003-12-31 | 3.32 |
| 2003-09-30 | 4.24 |
| 2003-06-30 | 4.71 |
| 2003-03-31 | 4.01 |
| 2002-12-31 | 3.62 |
| 2002-09-30 | 4.10 |
| 2002-06-30 | 3.84 |