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 0.56 is 15% below its 5-year average of 0.66, near the low end of its 5-year range (0.50–0.82).
As of the fiscal period ended Tuesday, March 31, 2026. 0.93% below its 12-month average of 0.56.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
0.56
QUICK RATIO (ACID-TEST) AVG TTM
0.56
QUICK RATIO (ACID-TEST) AVG 3Y
0.62
QUICK RATIO (ACID-TEST) AVG 5Y
0.66
QUICK RATIO (ACID-TEST) AVG 10Y
0.74
QUICK RATIO (ACID-TEST) AVG 15Y
0.86
QUICK RATIO (ACID-TEST) AVG 20Y
1.00
CURRENT VS TTM AVG
-0.93%
CURRENT VS 3Y AVG
-9.52%
CURRENT VS 5Y AVG
-14.73%
CURRENT VS 10Y AVG
-23.94%
CURRENT VS 15Y AVG
-35.12%
CURRENT VS 20Y AVG
-43.87%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-53.76%
vs the sector median at left
Novo Nordisk A/S
Market Cap
$209.19B
Quick Ratio (Acid-Test)
0.56
TTM Avg
0.56
3Y Avg
0.62
5Y Avg
0.66
Market Cap
$213.42B
Quick Ratio (Acid-Test)
1.53
TTM Avg
1.41
3Y Avg
1.34
5Y Avg
1.37
Market Cap
$184.11B
Quick Ratio (Acid-Test)
1.18
TTM Avg
1.21
3Y Avg
1.20
5Y Avg
1.26
Market Cap
$161.66B
Quick Ratio (Acid-Test)
1.31
TTM Avg
1.38
3Y Avg
1.29
5Y Avg
1.26
Market Cap
$137.13B
Quick Ratio (Acid-Test)
1.51
TTM Avg
1.28
3Y Avg
1.37
5Y Avg
1.36
Market Cap
$133.37B
Quick Ratio (Acid-Test)
1.14
TTM Avg
1.15
3Y Avg
1.19
5Y Avg
1.27
Market Cap
$133.25B
Quick Ratio (Acid-Test)
0.63
TTM Avg
0.61
3Y Avg
0.63
5Y Avg
0.63
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Novo Nordisk A/S (NVO) | $209.19B | 0.56 | 0.56 | 0.62 | 0.66 |
| Amgen Inc. (AMGN)vs › | $207.87B | 0.90 | 0.93 | 1.02 | 1.14 |
| Thermo Fisher Scientific Inc. (TMO)vs › | $213.42B | 1.53 | 1.41 | 1.34 | 1.37 |
| Abbott Laboratories (ABT)vs › | $184.11B | 1.18 | 1.21 | 1.20 | 1.26 |
| Gilead Sciences, Inc. (GILD)vs › | $161.66B | 1.31 | 1.38 | 1.29 | 1.26 |
| Pfizer Inc. (PFE)vs › | $142.54B | 0.87 | 0.90 | 0.87 | 0.95 |
| Danaher Corporation (DHR)vs › | $137.13B | 1.51 | 1.28 | 1.37 | 1.36 |
| Bristol-Myers Squibb Company (BMY)vs › | $133.37B | 1.14 | 1.15 | 1.19 | 1.27 |
| CVS Health Corp. (CVS)vs › | $133.25B | 0.63 | 0.61 | 0.63 | 0.63 |
| AstraZeneca PLC (AZN)vs › | $131.47B | 0.72 | 0.73 | 0.70 | 0.72 |
Quick Ratio
0.56
Excludes inventory
Current Ratio
0.80
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 | 0.56 |
| 2025-12-31 | 0.57 |
| 2025-09-30 | 0.57 |
| 2025-06-30 | 0.56 |
| 2025-03-31 | 0.56 |
| 2024-12-31 | 0.55 |
| 2024-09-30 | 0.75 |
| 2024-06-30 | 0.75 |
| 2024-03-31 | 0.50 |
| 2023-12-31 | 0.64 |
| 2023-09-30 | 0.65 |
| 2023-06-30 | 0.70 |
| 2023-03-31 | 0.67 |
| 2022-12-31 | 0.69 |
| 2022-09-30 | 0.74 |
| 2022-06-30 | 0.74 |
| 2022-03-31 | 0.69 |
| 2021-12-31 | 0.66 |
| 2021-09-30 | 0.82 |
| 2021-06-30 | 0.80 |
| 2021-03-31 | 0.59 |
| 2020-12-31 | 0.67 |
| 2020-09-30 | 0.78 |
| 2020-06-30 | 0.83 |
| 2020-03-31 | 0.73 |
| 2019-12-31 | 0.76 |
| 2019-09-30 | 0.73 |
| 2019-06-30 | 0.73 |
| 2019-03-31 | 0.66 |
| 2018-12-31 | 0.79 |
| 2018-09-30 | 0.77 |
| 2018-06-30 | 0.84 |
| 2018-03-31 | 0.77 |
| 2017-12-31 | 0.95 |
| 2017-09-30 | 0.93 |
| 2017-06-30 | 1.00 |
| 2017-03-31 | 0.83 |
| 2016-12-31 | 0.96 |
| 2016-09-30 | 0.90 |
| 2016-06-30 | 0.94 |
| 2016-03-31 | 0.81 |
| 2015-12-31 | 1.04 |
| 2015-09-30 | 1.01 |
| 2015-06-30 | 0.89 |
| 2015-03-31 | 0.74 |
| 2014-12-31 | 1.04 |
| 2014-09-30 | 1.00 |
| 2014-06-30 | 0.99 |
| 2014-03-31 | 0.92 |
| 2013-12-31 | 1.34 |
| 2013-09-30 | 1.23 |
| 2013-06-30 | 1.06 |
| 2013-03-31 | 1.02 |
| 2012-12-31 | 1.42 |
| 2012-09-30 | 1.20 |
| 2012-06-30 | 1.11 |
| 2012-03-31 | 1.22 |
| 2011-12-31 | 1.45 |
| 2011-09-30 | 1.46 |
| 2011-06-30 | 1.55 |
| 2011-03-31 | 1.45 |
| 2010-12-31 | 1.49 |
| 2010-09-30 | 1.43 |
| 2010-06-30 | 1.30 |
| 2010-03-31 | 1.36 |
| 2009-12-31 | 1.69 |
| 2009-09-30 | 1.64 |
| 2009-06-30 | 1.59 |
| 2009-03-31 | 1.32 |
| 2008-12-31 | 1.50 |
| 2008-09-30 | 1.45 |
| 2008-06-30 | 1.54 |
| 2008-03-31 | 1.33 |
| 2007-12-31 | 1.44 |
| 2007-09-30 | 1.34 |
| 2007-06-30 | 1.33 |
| 2007-03-31 | 1.16 |
| 2006-12-31 | 1.22 |
| 2006-09-30 | 1.07 |
| 2006-06-30 | 1.19 |
| 2006-03-31 | 1.04 |
| 2005-12-31 | 1.11 |
| 2005-09-30 | 1.13 |
| 2005-06-30 | 1.02 |
| 2005-03-31 | 1.21 |
| 2004-12-31 | 1.45 |
| 2004-09-30 | 1.30 |
| 2004-06-30 | 1.27 |
| 2004-03-31 | 1.21 |
| 2003-12-31 | 1.47 |
| 2003-09-30 | 0.00 |
| 2003-06-30 | 0.00 |
| 2003-03-31 | 0.00 |
| 2002-12-31 | 1.32 |
| 2002-09-30 | 0.00 |
| 2002-06-30 | 0.00 |
