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 2.79 is 16% above its 5-year average of 2.40, around the middle of its 5-year range (1.10–4.64).
As of the fiscal period ended Tuesday, June 30, 2026. 5.27% below its 12-month average of 2.94.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
2.79
QUICK RATIO (ACID-TEST) AVG TTM
2.94
QUICK RATIO (ACID-TEST) AVG 3Y
3.13
QUICK RATIO (ACID-TEST) AVG 5Y
2.40
QUICK RATIO (ACID-TEST) AVG 10Y
1.88
QUICK RATIO (ACID-TEST) AVG 15Y
1.30
QUICK RATIO (ACID-TEST) AVG 20Y
1.39
CURRENT VS TTM AVG
-5.27%
CURRENT VS 3Y AVG
-10.86%
CURRENT VS 5Y AVG
+16.33%
CURRENT VS 10Y AVG
+48.17%
CURRENT VS 15Y AVG
+114.97%
CURRENT VS 20Y AVG
+100.78%
SECTOR MEDIAN · HEALTHCARE
1.26
median of 75 covered companies
CURRENT VS SECTOR MEDIAN
+121.12%
vs the sector median at left
Merit Medical Systems, Inc.
Market Cap
$5.35B
Quick Ratio (Acid-Test)
2.79
TTM Avg
2.94
3Y Avg
3.13
5Y Avg
2.40
Market Cap
$6.80B
Quick Ratio (Acid-Test)
0.89
TTM Avg
1.19
3Y Avg
1.21
5Y Avg
1.11
Market Cap
$7.06B
Quick Ratio (Acid-Test)
0.87
TTM Avg
1.56
3Y Avg
2.48
5Y Avg
3.39
Market Cap
$3.17B
Quick Ratio (Acid-Test)
6.07
TTM Avg
7.05
3Y Avg
8.10
5Y Avg
8.04
Market Cap
$7.79B
Quick Ratio (Acid-Test)
N/A
TTM Avg
0.93
3Y Avg
1.08
5Y Avg
1.24
Market Cap
$2.21B
Quick Ratio (Acid-Test)
1.07
TTM Avg
0.89
3Y Avg
0.95
5Y Avg
0.97
Market Cap
$1.16B
Quick Ratio (Acid-Test)
0.81
TTM Avg
2.16
3Y Avg
2.71
5Y Avg
2.89
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merit Medical Systems, Inc. (MMSI) | $5.35B | 2.79 | 2.94 | 3.13 | 2.40 |
| Doximity, Inc. (DOCS)vs › | $4.79B | N/A | 6.53 | 6.56 | 6.07 |
| Chemed Corporation (CHE)vs › | $6.80B | 0.89 | 1.19 | 1.21 | 1.11 |
| Hims & Hers Health, Inc. (HIMS)vs › | $7.06B | 0.87 | 1.56 | 2.48 | 3.39 |
| TransMedics Group, Inc. (TMDX)vs › | $3.17B | 6.07 | 7.05 | 8.10 | 8.04 |
| Oscar Health, Inc. (OSCR)vs › | $7.79B | N/A | 0.93 | 1.08 | 1.24 |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $2.21B | 1.07 | 0.89 | 0.95 | 0.97 |
| Teladoc Health, Inc. (TDOC)vs › | $1.16B | 0.81 | 2.16 | 2.71 | 2.89 |
| Insulet Corp. (PODD)vs › | $9.93B | 1.83 | 2.42 | 2.51 | 3.28 |
| The Ensign Group, Inc. (ENSG)vs › | $10.11B | N/A | 1.49 | 1.44 | 1.33 |
Quick Ratio
2.79
Excludes inventory
Current Ratio
4.20
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 | 2.79 |
| 2026-03-31 | 3.46 |
| 2025-12-31 | 2.95 |
| 2025-09-30 | 2.86 |
| 2025-06-30 | 2.66 |
| 2025-03-31 | 3.26 |
| 2024-12-31 | 2.85 |
| 2024-09-30 | 3.82 |
| 2024-06-30 | 4.64 |
| 2024-03-31 | 4.38 |
| 2023-12-31 | 3.95 |
| 2023-09-30 | 1.50 |
| 2023-06-30 | 1.52 |
| 2023-03-31 | 1.24 |
| 2022-12-31 | 1.19 |
| 2022-09-30 | 1.19 |
| 2022-06-30 | 1.33 |
| 2022-03-31 | 1.21 |
| 2021-12-31 | 1.10 |
| 2021-09-30 | 1.20 |
| 2021-06-30 | 1.21 |
| 2021-03-31 | 1.15 |
| 2020-12-31 | 1.25 |
| 2020-09-30 | 1.21 |
| 2020-06-30 | 1.29 |
| 2020-03-31 | 1.42 |
| 2019-12-31 | 1.26 |
| 2019-09-30 | 1.47 |
| 2019-06-30 | 1.27 |
| 2019-03-31 | 1.25 |
| 2018-12-31 | 1.32 |
| 2018-09-30 | 1.47 |
| 2018-06-30 | 1.44 |
| 2018-03-31 | 1.43 |
| 2017-12-31 | 1.39 |
| 2017-09-30 | 1.43 |
| 2017-06-30 | 1.38 |
| 2017-03-31 | 1.31 |
| 2016-12-31 | 1.39 |
| 2016-09-30 | 1.36 |
| 2016-06-30 | 1.29 |
| 2016-03-31 | 1.16 |
| 2015-12-31 | 1.11 |
| 2015-09-30 | 1.09 |
| 2015-06-30 | 1.26 |
| 2015-03-31 | 1.39 |
| 2014-12-31 | 1.33 |
| 2014-09-30 | 1.26 |
| 2014-06-30 | 1.32 |
| 2014-03-31 | 1.34 |
| 2013-12-31 | 1.29 |
| 2013-09-30 | 1.28 |
| 2013-06-30 | 1.23 |
| 2013-03-31 | 1.30 |
| 2012-12-31 | 1.04 |
| 2012-09-30 | 1.33 |
| 2012-06-30 | 1.33 |
| 2012-03-31 | 1.30 |
| 2011-12-31 | 1.46 |
| 2011-09-30 | 1.19 |
| 2011-06-30 | 2.90 |
| 2011-03-31 | 1.43 |
| 2010-12-31 | 1.29 |
| 2010-09-30 | 1.52 |
| 2010-06-30 | 1.58 |
| 2010-03-31 | 1.40 |
| 2009-12-31 | 1.32 |
| 2009-09-30 | 1.22 |
| 2009-06-30 | 1.15 |
| 2009-03-31 | 1.90 |
| 2008-12-31 | 3.17 |
| 2008-09-30 | 2.50 |
| 2008-06-30 | 2.26 |
| 2008-03-31 | 2.14 |
| 2007-12-31 | 2.20 |
| 2007-09-30 | 1.93 |
| 2007-06-30 | 1.71 |
| 2007-03-31 | 1.75 |
| 2006-12-31 | 1.79 |
| 2006-09-30 | 1.43 |
| 2006-06-30 | 1.44 |
| 2006-03-31 | 1.58 |
| 2005-12-31 | 1.56 |
| 2005-09-30 | 1.50 |
| 2005-06-30 | 1.73 |
| 2005-03-31 | 2.10 |
| 2004-12-31 | 2.45 |
| 2004-09-30 | 3.05 |
| 2004-06-30 | 3.06 |
| 2004-03-31 | 3.37 |
| 2003-12-31 | 3.45 |
| 2003-09-30 | 2.74 |
| 2003-06-30 | 2.65 |
| 2003-03-31 | 2.50 |
| 2002-12-31 | 2.37 |
| 2002-09-30 | 1.71 |