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 3.82 is 16% below its 5-year average of 4.53, near the low end of its 5-year range (2.70–11.01).
As of the fiscal period ended Tuesday, June 30, 2026. 21.89% above its 12-month average of 3.14.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 3.82.
QUICK RATIO (ACID-TEST)
3.82
QUICK RATIO (ACID-TEST) AVG TTM
3.14
QUICK RATIO (ACID-TEST) AVG 3Y
3.51
QUICK RATIO (ACID-TEST) AVG 5Y
4.53
QUICK RATIO (ACID-TEST) AVG 10Y
9.23
QUICK RATIO (ACID-TEST) AVG 15Y
9.10
QUICK RATIO (ACID-TEST) AVG 20Y
8.23
CURRENT VS TTM AVG
+21.89%
CURRENT VS 3Y AVG
+9.01%
CURRENT VS 5Y AVG
-15.57%
CURRENT VS 10Y AVG
-58.57%
CURRENT VS 15Y AVG
-57.97%
CURRENT VS 20Y AVG
-53.54%
SECTOR MEDIAN · HEALTHCARE
2.99
median of 613 covered companies
CURRENT VS SECTOR MEDIAN
+27.92%
vs the sector median at left
Iovance Biotherapeutics, Inc.
Market Cap
$5.84B
Quick Ratio (Acid-Test)
3.82
TTM Avg
3.14
3Y Avg
3.51
5Y Avg
4.53
Market Cap
$5.95B
Quick Ratio (Acid-Test)
30.96
TTM Avg
15.27
3Y Avg
11.45
5Y Avg
10.17
Market Cap
$5.71B
Quick Ratio (Acid-Test)
22.20
TTM Avg
29.94
3Y Avg
20.76
5Y Avg
18.56
Market Cap
$5.65B
Quick Ratio (Acid-Test)
3.49
TTM Avg
3.21
3Y Avg
3.75
5Y Avg
4.96
Market Cap
$5.56B
Quick Ratio (Acid-Test)
1.36
TTM Avg
1.16
3Y Avg
1.16
5Y Avg
1.16
Market Cap
$6.40B
Quick Ratio (Acid-Test)
1.44
TTM Avg
1.17
3Y Avg
1.11
5Y Avg
1.26
Market Cap
$5.22B
Quick Ratio (Acid-Test)
17.85
TTM Avg
17.70
3Y Avg
17.06
5Y Avg
17.77
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Iovance Biotherapeutics, Inc. (IOVA) | $5.84B | 3.82 | 3.14 | 3.51 | 4.53 |
| Ligand Pharmaceuticals Incorporated (LGND)vs › | $5.95B | 30.96 | 15.27 | 11.45 | 10.17 |
| CG Oncology Inc. (CGON)vs › | $5.71B | 22.20 | 29.94 | 20.76 | 18.56 |
| Kiniksa Pharmaceuticals International, plc (KNSA)vs › | $5.65B | 3.49 | 3.21 | 3.75 | 4.96 |
| GRAIL Inc. (GRAL)vs › | $6.06B | 10.74 | 11.09 | 6.26 | 5.77 |
| MiniMed Group, Inc. Common Stock (MMED)vs › | $5.56B | 1.36 | 1.16 | 1.16 | 1.16 |
| Doximity, Inc. (DOCS)vs › | $5.35B | 6.08 | 6.53 | 6.56 | 6.07 |
| Amneal Pharmaceuticals, Inc. (AMRX)vs › | $6.40B | 1.44 | 1.17 | 1.11 | 1.26 |
| CRISPR Therapeutics AG (CRSP)vs › | $5.22B | 17.85 | 17.70 | 17.06 | 17.77 |
| Lantheus Holdings, Inc. (LNTH)vs › | $6.53B | 2.89 | 3.87 | 3.94 | 3.31 |
Quick Ratio
3.82
Excludes inventory
Current Ratio
4.35
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 | 3.82 |
| 2026-03-31 | 3.15 |
| 2025-12-31 | 2.83 |
| 2025-09-30 | 3.00 |
| 2025-06-30 | 2.89 |
| 2025-03-31 | 3.64 |
| 2024-12-31 | 3.31 |
| 2024-09-30 | 3.90 |
| 2024-06-30 | 4.85 |
| 2024-03-31 | 4.42 |
| 2023-12-31 | 2.70 |
| 2023-09-30 | 4.11 |
| 2023-06-30 | 2.99 |
| 2023-03-31 | 7.31 |
| 2022-12-31 | 5.24 |
| 2022-09-30 | 4.67 |
| 2022-06-30 | 6.72 |
| 2022-03-31 | 6.36 |
| 2021-12-31 | 5.69 |
| 2021-09-30 | 9.00 |
| 2021-06-30 | 11.01 |
| 2021-03-31 | 10.99 |
| 2020-12-31 | 11.59 |
| 2020-09-30 | 11.24 |
| 2020-06-30 | 14.25 |
| 2020-03-31 | 6.48 |
| 2019-12-31 | 8.10 |
| 2019-09-30 | 10.61 |
| 2019-06-30 | 12.14 |
| 2019-03-31 | 20.09 |
| 2018-12-31 | 33.02 |
| 2018-09-30 | 15.94 |
| 2018-06-30 | 19.73 |
| 2018-03-31 | 20.61 |
| 2017-12-31 | 15.09 |
| 2017-09-30 | 20.09 |
| 2017-06-30 | 15.29 |
| 2017-03-31 | 27.73 |
| 2016-12-31 | 34.12 |
| 2016-09-30 | 56.53 |
| 2016-06-30 | 41.76 |
| 2016-03-31 | 54.29 |
| 2015-12-31 | 63.79 |
| 2015-09-30 | 38.67 |
| 2015-06-30 | 60.40 |
| 2015-03-31 | 58.31 |
| 2014-12-31 | 27.06 |
| 2014-09-30 | 13.69 |
| 2014-06-30 | 16.01 |
| 2014-03-31 | 16.28 |
| 2013-12-31 | 8.74 |
| 2013-09-30 | 0.04 |
| 2013-06-30 | 0.17 |
| 2013-03-31 | 0.00 |
| 2012-12-31 | 0.00 |
| 2012-09-30 | 0.00 |
| 2012-06-30 | 0.00 |
| 2012-03-31 | 0.00 |
| 2011-12-31 | 0.04 |
| 2011-09-30 | 0.36 |
| 2011-06-30 | 0.21 |
| 2011-03-31 | 1.02 |
| 2010-12-31 | 1.58 |
| 2010-09-30 | 1.40 |
| 2010-06-30 | 13.59 |
| 2010-03-31 | 9.00 |
| 2009-12-31 | 0.36 |
| 2009-09-30 | 0.07 |
| 2009-06-30 | 0.13 |
| 2009-03-31 | 0.21 |
| 2008-12-31 | 0.92 |
| 2008-09-30 | 5.33 |
| 2008-06-30 | 8.86 |
| 2008-03-31 | 17.72 |