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 2.31 is 59% below its 5-year average of 5.68, near the low end of its 5-year range (1.37–9.15).
As of the fiscal period ended Tuesday, June 30, 2026. 30.74% below its 12-month average of 3.34.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 2.31.
QUICK RATIO (ACID-TEST)
2.31
QUICK RATIO (ACID-TEST) AVG TTM
3.34
QUICK RATIO (ACID-TEST) AVG 3Y
5.30
QUICK RATIO (ACID-TEST) AVG 5Y
5.68
QUICK RATIO (ACID-TEST) AVG 10Y
5.05
QUICK RATIO (ACID-TEST) AVG 15Y
4.95
QUICK RATIO (ACID-TEST) AVG 20Y
5.37
CURRENT VS TTM AVG
-30.74%
CURRENT VS 3Y AVG
-56.42%
CURRENT VS 5Y AVG
-59.29%
CURRENT VS 10Y AVG
-54.24%
CURRENT VS 15Y AVG
-53.28%
CURRENT VS 20Y AVG
-56.99%
SECTOR MEDIAN · HEALTHCARE
3.19
median of 727 covered companies
CURRENT VS SECTOR MEDIAN
-27.56%
vs the sector median at left
Halozyme Therapeutics, Inc.
Market Cap
$13.01B
Quick Ratio (Acid-Test)
2.31
TTM Avg
3.34
3Y Avg
5.30
5Y Avg
5.68
Market Cap
$12.88B
Quick Ratio (Acid-Test)
2.77
TTM Avg
3.05
3Y Avg
4.30
5Y Avg
5.45
Market Cap
$13.22B
Quick Ratio (Acid-Test)
3.16
TTM Avg
2.58
3Y Avg
2.23
5Y Avg
3.05
Market Cap
$13.30B
Quick Ratio (Acid-Test)
1.17
TTM Avg
3.59
3Y Avg
3.76
5Y Avg
4.72
Market Cap
$12.52B
Quick Ratio (Acid-Test)
1.32
TTM Avg
1.31
3Y Avg
1.23
5Y Avg
1.40
Market Cap
$12.51B
Quick Ratio (Acid-Test)
1.22
TTM Avg
1.00
3Y Avg
0.95
5Y Avg
1.02
Market Cap
$12.52B
Quick Ratio (Acid-Test)
0.95
TTM Avg
1.18
3Y Avg
1.19
5Y Avg
1.30
Market Cap
$12.36B
Quick Ratio (Acid-Test)
1.19
TTM Avg
1.06
3Y Avg
1.17
5Y Avg
1.20
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Halozyme Therapeutics, Inc. (HALO) | $13.01B | 2.31 | 3.34 | 5.30 | 5.68 |
| Corcept Therapeutics Incorporated (CORT)vs › | $12.88B | 2.77 | 3.05 | 4.30 | 5.45 |
| Tempus AI, Inc. (TEM)vs › | $13.22B | 3.16 | 2.58 | 2.23 | 3.05 |
| BridgeBio Pharma, Inc. (BBIO)vs › | $13.30B | 1.17 | 3.59 | 3.76 | 4.72 |
| Baxter International Inc. (BAX)vs › | $12.52B | 1.32 | 1.31 | 1.23 | 1.40 |
| BrightSpring Health Services, Inc. Common Stock (BTSG)vs › | $12.51B | 1.22 | 1.00 | 0.95 | 1.02 |
| ICON Public Limited Company (ICLR)vs › | $12.52B | 0.95 | 1.18 | 1.19 | 1.30 |
| Penumbra, Inc. (PEN)vs › | $12.52B | 3.86 | 3.87 | 3.53 | 3.55 |
| Encompass Health Corporation (EHC)vs › | $12.36B | 1.19 | 1.06 | 1.17 | 1.20 |
| Ascendis Pharma A/S (ASND)vs › | $14.31B | 2.32 | 0.80 | 0.84 | 4.11 |
Quick Ratio
2.31
Excludes inventory
Current Ratio
2.71
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 | 2.31 |
| 2026-03-31 | 2.33 |
| 2025-12-31 | 3.66 |
| 2025-09-30 | 1.37 |
| 2025-06-30 | 7.01 |
| 2025-03-31 | 7.30 |
| 2024-12-31 | 6.78 |
| 2024-09-30 | 9.15 |
| 2024-06-30 | 6.21 |
| 2024-03-31 | 5.36 |
| 2023-12-31 | 5.50 |
| 2023-09-30 | 6.51 |
| 2023-06-30 | 5.44 |
| 2023-03-31 | 5.52 |
| 2022-12-31 | 4.88 |
| 2022-09-30 | 5.03 |
| 2022-06-30 | 2.23 |
| 2022-03-31 | 8.42 |
| 2021-12-31 | 7.45 |
| 2021-09-30 | 8.50 |
| 2021-06-30 | 8.24 |
| 2021-03-31 | 8.22 |
| 2020-12-31 | 1.17 |
| 2020-09-30 | 16.36 |
| 2020-06-30 | 17.34 |
| 2020-03-31 | 10.15 |
| 2019-12-31 | 6.00 |
| 2019-09-30 | 2.83 |
| 2019-06-30 | 2.57 |
| 2019-03-31 | 2.72 |
| 2018-12-31 | 2.71 |
| 2018-09-30 | 2.96 |
| 2018-06-30 | 3.43 |
| 2018-03-31 | 4.03 |
| 2017-12-31 | 3.85 |
| 2017-09-30 | 3.37 |
| 2017-06-30 | 3.94 |
| 2017-03-31 | 3.37 |
| 2016-12-31 | 4.43 |
| 2016-09-30 | 4.93 |
| 2016-06-30 | 7.04 |
| 2016-03-31 | 4.46 |
| 2015-12-31 | 2.60 |
| 2015-09-30 | 3.17 |
| 2015-06-30 | 4.59 |
| 2015-03-31 | 5.56 |
| 2014-12-31 | 6.37 |
| 2014-09-30 | 4.38 |
| 2014-06-30 | 5.31 |
| 2014-03-31 | 5.06 |
| 2013-12-31 | 3.50 |
| 2013-09-30 | 2.50 |
| 2013-06-30 | 2.98 |
| 2013-03-31 | 5.49 |
| 2012-12-31 | 6.77 |
| 2012-09-30 | 4.92 |
| 2012-06-30 | 7.30 |
| 2012-03-31 | 7.86 |
| 2011-12-31 | 3.67 |
| 2011-09-30 | 5.57 |
| 2011-06-30 | 2.79 |
| 2011-03-31 | 6.26 |
| 2010-12-31 | 5.82 |
| 2010-09-30 | 8.26 |
| 2010-06-30 | 4.36 |
| 2010-03-31 | 4.47 |
| 2009-12-31 | 5.09 |
| 2009-09-30 | 5.20 |
| 2009-06-30 | 6.12 |
| 2009-03-31 | 4.92 |
| 2008-12-31 | 5.17 |
| 2008-09-30 | 7.02 |
| 2008-06-30 | 9.08 |
| 2008-03-31 | 9.99 |
| 2007-12-31 | 11.33 |
| 2007-09-30 | 13.00 |
| 2007-06-30 | 17.05 |
| 2007-03-31 | 14.12 |
| 2006-12-31 | 10.62 |
| 2006-09-30 | 6.20 |
| 2006-06-30 | 6.61 |
| 2006-03-31 | 6.79 |
| 2005-12-31 | 8.61 |
| 2005-09-30 | 3.80 |
| 2005-06-30 | 6.13 |
| 2005-03-31 | 7.00 |
| 2004-12-31 | 10.19 |
| 2004-09-30 | 1.81 |
| 2004-06-30 | 4.66 |
| 2004-03-31 | 9.79 |
| 2003-12-31 | 1.27 |
| 2003-09-30 | 13.82 |
| 2003-06-30 | 15.27 |
| 2003-03-31 | 6.37 |
| 2002-12-31 | 9.32 |
| 2002-09-30 | 24.17 |