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 3.38 is 22% below its 5-year average of 4.34, near the low end of its 5-year range (3.19–6.28).
As of the fiscal period ended Friday, July 3, 2026. 1.78% below its 12-month average of 3.44.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-07-03): 3.38.
QUICK RATIO (ACID-TEST)
3.38
QUICK RATIO (ACID-TEST) AVG TTM
3.44
QUICK RATIO (ACID-TEST) AVG 3Y
3.50
QUICK RATIO (ACID-TEST) AVG 5Y
4.34
QUICK RATIO (ACID-TEST) AVG 10Y
5.24
QUICK RATIO (ACID-TEST) AVG 15Y
4.52
QUICK RATIO (ACID-TEST) AVG 20Y
3.78
CURRENT VS TTM AVG
-1.78%
CURRENT VS 3Y AVG
-3.66%
CURRENT VS 5Y AVG
-22.23%
CURRENT VS 10Y AVG
-35.62%
CURRENT VS 15Y AVG
-25.30%
CURRENT VS 20Y AVG
-10.72%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 870 covered companies
CURRENT VS SECTOR MEDIAN
+0.64%
vs the sector median at left
Exelixis, Inc.
Market Cap
$14.66B
Quick Ratio (Acid-Test)
3.38
TTM Avg
3.44
3Y Avg
3.50
5Y Avg
4.34
Market Cap
$14.69B
Quick Ratio (Acid-Test)
1.04
TTM Avg
1.07
3Y Avg
1.10
5Y Avg
1.11
Market Cap
$14.63B
Quick Ratio (Acid-Test)
1.75
TTM Avg
3.29
3Y Avg
2.91
5Y Avg
3.46
Market Cap
$14.54B
Quick Ratio (Acid-Test)
1.58
TTM Avg
2.83
3Y Avg
2.38
5Y Avg
2.61
Market Cap
$15.07B
Quick Ratio (Acid-Test)
0.74
TTM Avg
0.86
3Y Avg
0.93
5Y Avg
0.94
Market Cap
$14.04B
Quick Ratio (Acid-Test)
2.32
TTM Avg
0.80
3Y Avg
0.84
5Y Avg
4.11
Market Cap
$13.81B
Quick Ratio (Acid-Test)
6.96
TTM Avg
10.01
3Y Avg
11.56
5Y Avg
9.08
Market Cap
$13.11B
Quick Ratio (Acid-Test)
1.17
TTM Avg
3.59
3Y Avg
3.76
5Y Avg
4.72
Market Cap
$13.01B
Quick Ratio (Acid-Test)
2.31
TTM Avg
5.22
3Y Avg
5.21
5Y Avg
4.91
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Exelixis, Inc. (EXEL) | $14.66B | 3.38 | 3.44 | 3.50 | 4.34 |
| Charles River Laboratories International, Inc. (CRL)vs › | $14.69B | 1.04 | 1.07 | 1.10 | 1.11 |
| Neurocrine Biosciences, Inc. (NBIX)vs › | $14.63B | 1.75 | 3.29 | 2.91 | 3.46 |
| Jazz Pharmaceuticals plc (JAZZ)vs › | $14.54B | 1.58 | 2.83 | 2.38 | 2.61 |
| Solventum Corporation (SOLV)vs › | $15.07B | 0.74 | 0.86 | 0.93 | 0.94 |
| Ascendis Pharma A/S (ASND)vs › | $14.04B | 2.32 | 0.80 | 0.84 | 4.11 |
| Summit Therapeutics Inc. (SMMT)vs › | $13.81B | 6.96 | 10.01 | 11.56 | 9.08 |
| BridgeBio Pharma, Inc. (BBIO)vs › | $13.11B | 1.17 | 3.59 | 3.76 | 4.72 |
| Halozyme Therapeutics, Inc. (HALO)vs › | $13.01B | 2.31 | 5.22 | 5.21 | 4.91 |
| Corcept Therapeutics Incorporated (CORT)vs › | $12.93B | 2.77 | 3.05 | 4.30 | 5.45 |
Quick Ratio
3.38
Excludes inventory
Current Ratio
3.46
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) |
|---|---|
| 2026-07-03 | 3.38 |
| 2026-04-03 | 3.19 |
| 2026-01-02 | 3.50 |
| 2025-10-03 | 3.68 |
| 2025-07-04 | 3.44 |
| 2025-04-04 | 3.44 |
| 2024-12-31 | 3.58 |
| 2024-09-27 | 3.88 |
| 2024-06-28 | 4.21 |
| 2024-03-29 | 3.41 |
| 2023-12-31 | 3.30 |
| 2023-09-29 | 3.76 |
| 2023-06-30 | 4.60 |
| 2023-03-31 | 4.91 |
| 2022-12-31 | 4.89 |
| 2022-09-30 | 6.01 |
| 2022-07-01 | 5.97 |
| 2022-04-01 | 6.28 |
| 2021-12-31 | 5.35 |
| 2021-10-01 | 6.06 |
| 2021-07-02 | 6.14 |
| 2021-04-02 | 6.61 |
| 2020-12-31 | 6.96 |
| 2020-10-02 | 6.90 |
| 2020-07-03 | 9.66 |
| 2020-04-03 | 7.98 |
| 2019-12-31 | 6.99 |
| 2019-09-27 | 6.80 |
| 2019-06-28 | 8.53 |
| 2019-03-29 | 7.48 |
| 2018-12-31 | 8.41 |
| 2018-09-28 | 8.54 |
| 2018-06-29 | 6.78 |
| 2018-03-30 | 6.58 |
| 2017-12-31 | 4.15 |
| 2017-09-29 | 4.27 |
| 2017-06-30 | 4.06 |
| 2017-03-31 | 2.30 |
| 2016-12-31 | 1.73 |
| 2016-09-30 | 2.07 |
| 2016-07-01 | 1.82 |
| 2016-04-01 | 3.33 |
| 2015-12-31 | 3.37 |
| 2015-10-02 | 3.67 |
| 2015-07-03 | 1.48 |
| 2015-04-03 | 2.09 |
| 2014-12-31 | 0.96 |
| 2014-09-26 | 1.25 |
| 2014-06-27 | 1.49 |
| 2014-03-28 | 4.16 |
| 2013-12-31 | 3.00 |
| 2013-09-27 | 3.91 |
| 2013-06-28 | 5.02 |
| 2013-03-29 | 5.66 |
| 2012-12-31 | 5.29 |
| 2012-09-30 | 5.78 |
| 2012-06-29 | 2.37 |
| 2012-03-30 | 2.86 |
| 2011-12-31 | 2.48 |
| 2011-09-30 | 1.47 |
| 2011-07-01 | 1.47 |
| 2011-04-01 | 1.64 |
| 2010-12-31 | 0.92 |
| 2010-10-01 | 0.94 |
| 2010-07-02 | 1.06 |
| 2010-04-02 | 0.84 |
| 2009-12-31 | 1.11 |
| 2009-10-02 | 1.43 |
| 2009-07-03 | 1.16 |
| 2009-04-03 | 1.30 |
| 2008-12-31 | 1.43 |
| 2008-09-26 | 1.14 |
| 2008-06-27 | 1.46 |
| 2008-03-28 | 2.06 |
| 2007-12-31 | 2.37 |
| 2007-09-28 | 2.36 |
| 2007-06-29 | 2.00 |
| 2007-03-30 | 2.70 |
| 2006-12-31 | 2.30 |
| 2006-09-30 | 1.64 |
| 2006-06-30 | 2.11 |
| 2006-03-31 | 1.72 |
| 2005-12-31 | 1.88 |
| 2005-09-30 | 2.34 |
| 2005-06-30 | 2.09 |
| 2005-03-31 | 2.09 |
| 2004-12-31 | 2.57 |
| 2004-09-30 | 3.38 |
| 2004-06-30 | 4.20 |
| 2004-03-31 | 4.38 |
| 2003-12-31 | 4.51 |
| 2003-09-30 | 4.66 |
| 2003-06-30 | 4.64 |
| 2003-03-31 | 3.64 |
| 2002-12-31 | 4.45 |
| 2002-09-30 | 4.99 |