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 0.67 is 20% below its 5-year average of 0.83, near the low end of its 5-year range (0.56–1.29).
As of the fiscal period ended Tuesday, June 30, 2026. 4.91% below its 12-month average of 0.70.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.67.
QUICK RATIO (ACID-TEST)
0.67
QUICK RATIO (ACID-TEST) AVG TTM
0.70
QUICK RATIO (ACID-TEST) AVG 3Y
0.76
QUICK RATIO (ACID-TEST) AVG 5Y
0.83
QUICK RATIO (ACID-TEST) AVG 10Y
0.78
QUICK RATIO (ACID-TEST) AVG 15Y
0.79
QUICK RATIO (ACID-TEST) AVG 20Y
0.86
CURRENT VS TTM AVG
-4.91%
CURRENT VS 3Y AVG
-11.93%
CURRENT VS 5Y AVG
-19.56%
CURRENT VS 10Y AVG
-15.21%
CURRENT VS 15Y AVG
-15.93%
CURRENT VS 20Y AVG
-22.16%
SECTOR MEDIAN · HEALTHCARE
1.28
median of 97 covered companies
CURRENT VS SECTOR MEDIAN
-48.00%
vs the sector median at left
Market Cap
$243.44B
Quick Ratio (Acid-Test)
0.67
TTM Avg
0.73
3Y Avg
0.70
5Y Avg
0.72
Market Cap
$242.75B
Quick Ratio (Acid-Test)
1.18
TTM Avg
1.41
3Y Avg
1.34
5Y Avg
1.37
Market Cap
$332.18B
Quick Ratio (Acid-Test)
0.95
TTM Avg
1.16
3Y Avg
1.07
5Y Avg
1.01
Market Cap
$338.13B
Quick Ratio (Acid-Test)
0.78
TTM Avg
0.81
3Y Avg
0.80
5Y Avg
0.79
Market Cap
$356.05B
Quick Ratio (Acid-Test)
1.10
TTM Avg
1.23
3Y Avg
1.17
5Y Avg
1.09
Market Cap
$179.66B
Quick Ratio (Acid-Test)
1.09
TTM Avg
1.42
3Y Avg
1.32
5Y Avg
1.28
Market Cap
$168.54B
Quick Ratio (Acid-Test)
0.97
TTM Avg
1.21
3Y Avg
1.20
5Y Avg
1.26
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Novartis AG (NVS) | $267.96B | 0.67 | 0.70 | 0.76 | 0.83 |
| AstraZeneca PLC (AZN)vs › | $243.44B | 0.67 | 0.73 | 0.70 | 0.72 |
| Thermo Fisher Scientific Inc. (TMO)vs › | $242.75B | 1.18 | 1.41 | 1.34 | 1.37 |
| Amgen Inc. (AMGN)vs › | $217.61B | 1.13 | 0.93 | 1.02 | 1.14 |
| Roche Holding AG (RHHBY)vs › | $332.18B | 0.95 | 1.16 | 1.07 | 1.01 |
| UnitedHealth Group Incorporated (UNH)vs › | $338.13B | 0.78 | 0.81 | 0.80 | 0.79 |
| Merck & Co., Inc. (MRK)vs › | $356.05B | 1.10 | 1.23 | 1.17 | 1.09 |
| Gilead Sciences, Inc. (GILD)vs › | $179.66B | 1.09 | 1.42 | 1.32 | 1.28 |
| Abbott Laboratories (ABT)vs › | $168.54B | 0.97 | 1.21 | 1.20 | 1.26 |
| Novo Nordisk A/S (NVO)vs › | $165.79B | 0.66 | 0.56 | 0.61 | 0.63 |
Quick Ratio
0.67
Excludes inventory
Current Ratio
0.86
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 | 0.67 |
| 2026-03-31 | 0.65 |
| 2025-12-31 | 0.89 |
| 2025-09-29 | 0.68 |
| 2025-06-30 | 0.62 |
| 2025-03-31 | 0.61 |
| 2024-12-31 | 0.84 |
| 2024-09-30 | 0.90 |
| 2024-06-30 | 0.72 |
| 2024-03-31 | 0.71 |
| 2023-12-31 | 0.93 |
| 2023-09-30 | 0.83 |
| 2023-06-30 | 0.79 |
| 2023-03-31 | 0.79 |
| 2022-12-31 | 1.04 |
| 2022-09-30 | 1.07 |
| 2022-06-30 | 1.13 |
| 2022-03-31 | 1.01 |
| 2021-12-31 | 1.29 |
| 2021-09-30 | 0.65 |
| 2021-06-30 | 0.56 |
| 2021-03-31 | 0.50 |
| 2020-12-31 | 0.68 |
| 2020-09-30 | 0.69 |
| 2020-06-30 | 0.58 |
| 2020-03-31 | 0.53 |
| 2019-12-31 | 0.83 |
| 2019-09-30 | 0.73 |
| 2019-06-30 | 0.74 |
| 2019-03-31 | 0.83 |
| 2018-12-31 | 0.97 |
| 2018-09-30 | 0.96 |
| 2018-06-30 | 0.89 |
| 2018-03-31 | 0.91 |
| 2017-12-31 | 0.91 |
| 2017-09-30 | 0.81 |
| 2017-06-30 | 0.75 |
| 2017-03-31 | 0.73 |
| 2016-12-31 | 0.84 |
| 2016-09-30 | 0.78 |
| 2016-06-30 | 0.65 |
| 2016-03-31 | 0.59 |
| 2015-12-31 | 0.70 |
| 2015-09-30 | 0.62 |
| 2015-06-30 | 0.62 |
| 2015-03-31 | 0.67 |
| 2014-12-31 | 1.17 |
| 2014-09-30 | 1.14 |
| 2014-06-30 | 1.02 |
| 2014-03-31 | 0.88 |
| 2013-12-31 | 0.88 |
| 2013-09-30 | 0.82 |
| 2013-06-30 | 0.80 |
| 2013-03-31 | 0.75 |
| 2012-12-31 | 0.88 |
| 2012-09-30 | 0.88 |
| 2012-06-30 | 0.79 |
| 2012-03-31 | 0.71 |
| 2011-12-31 | 0.78 |
| 2011-09-30 | 0.73 |
| 2011-06-30 | 0.66 |
| 2011-03-31 | 0.70 |
| 2010-12-31 | 0.84 |
| 2010-09-30 | 0.76 |
| 2010-06-30 | 1.86 |
| 2010-03-31 | 1.73 |
| 2009-12-31 | 1.43 |
| 2009-09-30 | 1.35 |
| 2009-06-30 | 1.37 |
| 2009-03-31 | 1.12 |
| 2008-12-31 | 0.91 |
| 2008-09-30 | 0.87 |
| 2008-06-30 | 1.30 |
| 2008-03-31 | 1.18 |
| 2007-12-31 | 1.32 |
| 2007-09-30 | 1.34 |
| 2007-06-30 | 0.98 |
| 2007-03-31 | 0.93 |
| 2006-12-31 | 1.04 |
| 2006-09-30 | 1.00 |
| 2006-06-30 | 0.90 |
| 2006-03-31 | 1.15 |
| 2005-12-31 | 1.16 |
| 2005-09-30 | 1.17 |
| 2005-06-30 | 1.28 |
| 2005-03-31 | 1.66 |
| 2004-12-31 | 1.90 |
| 2004-09-30 | 2.02 |
| 2004-06-30 | 2.02 |
| 2004-03-31 | 1.89 |
| 2003-12-31 | 2.03 |
| 2003-09-30 | 2.07 |
| 2003-06-30 | 1.72 |
| 2003-03-31 | 1.96 |
| 2002-12-31 | 2.16 |
| 2002-09-30 | 1.85 |
