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 2.96 is 25% below its 5-year average of 3.94, near the low end of its 5-year range (2.45–4.94).
As of the fiscal period ended Tuesday, March 31, 2026. 15.18% below its 12-month average of 3.49.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
2.96
QUICK RATIO (ACID-TEST) AVG TTM
3.49
QUICK RATIO (ACID-TEST) AVG 3Y
4.13
QUICK RATIO (ACID-TEST) AVG 5Y
3.94
QUICK RATIO (ACID-TEST) AVG 10Y
3.60
QUICK RATIO (ACID-TEST) AVG 15Y
3.82
QUICK RATIO (ACID-TEST) AVG 20Y
3.93
CURRENT VS TTM AVG
-15.18%
CURRENT VS 3Y AVG
-28.39%
CURRENT VS 5Y AVG
-24.90%
CURRENT VS 10Y AVG
-17.85%
CURRENT VS 15Y AVG
-22.57%
CURRENT VS 20Y AVG
-24.68%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+144.41%
vs the sector median at left
Regeneron Pharmaceuticals, Inc.
Market Cap
$67.58B
Quick Ratio (Acid-Test)
2.96
TTM Avg
3.49
3Y Avg
4.13
5Y Avg
3.94
Market Cap
$65.77B
Quick Ratio (Acid-Test)
1.08
TTM Avg
0.86
3Y Avg
0.89
5Y Avg
1.02
Market Cap
$76.60B
Quick Ratio (Acid-Test)
0.72
TTM Avg
0.72
3Y Avg
0.68
5Y Avg
0.69
Market Cap
$56.65B
Quick Ratio (Acid-Test)
0.64
TTM Avg
0.69
3Y Avg
0.70
5Y Avg
0.80
Market Cap
$53.41B
Quick Ratio (Acid-Test)
0.50
TTM Avg
0.53
3Y Avg
0.54
5Y Avg
0.55
Market Cap
$81.91B
Quick Ratio (Acid-Test)
1.24
TTM Avg
1.17
3Y Avg
1.08
5Y Avg
1.07
Market Cap
$84.78B
Quick Ratio (Acid-Test)
0.73
TTM Avg
0.85
3Y Avg
0.97
5Y Avg
1.05
Market Cap
$47.58B
Quick Ratio (Acid-Test)
3.09
TTM Avg
3.27
3Y Avg
2.83
5Y Avg
2.71
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Regeneron Pharmaceuticals, Inc. (REGN) | $67.58B | 2.96 | 3.49 | 4.13 | 3.94 |
| Boston Scientific Corporation (BSX)vs › | $65.77B | 1.08 | 0.86 | 0.89 | 1.02 |
| Cencora, Inc. (COR)vs › | $60.29B | 0.55 | 0.54 | 0.53 | 0.55 |
| Cigna Corporation (CI)vs › | $76.60B | 0.72 | 0.72 | 0.68 | 0.69 |
| Becton, Dickinson and Company (BDX)vs › | $56.65B | 0.64 | 0.69 | 0.70 | 0.80 |
| Cardinal Health, Inc. (CAH)vs › | $53.41B | 0.50 | 0.53 | 0.54 | 0.55 |
| Elevance Health Inc. (ELV)vs › | $81.91B | 1.24 | 1.17 | 1.08 | 1.07 |
| HCA Healthcare, Inc. (HCA)vs › | $84.78B | 0.73 | 0.85 | 0.97 | 1.05 |
| Edwards Lifesciences Corporation (EW)vs › | $47.58B | 3.09 | 3.27 | 2.83 | 2.71 |
| Humana Inc. (HUM)vs › | $46.74B | 0.72 | 0.58 | 0.57 | 0.58 |
Quick Ratio
2.96
Excludes inventory
Current Ratio
4.13
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 | 2.96 |
| 2025-12-31 | 3.39 |
| 2025-09-30 | 3.33 |
| 2025-06-30 | 3.72 |
| 2025-03-31 | 4.03 |
| 2024-12-31 | 3.95 |
| 2024-09-30 | 4.46 |
| 2024-06-30 | 4.62 |
| 2024-03-31 | 4.51 |
| 2023-12-31 | 4.94 |
| 2023-09-30 | 4.47 |
| 2023-06-30 | 4.64 |
| 2023-03-31 | 4.67 |
| 2022-12-31 | 4.29 |
| 2022-09-30 | 4.52 |
| 2022-06-30 | 4.39 |
| 2022-03-31 | 4.09 |
| 2021-12-31 | 3.07 |
| 2021-09-30 | 3.16 |
| 2021-06-30 | 3.04 |
| 2021-03-31 | 2.45 |
| 2020-12-31 | 2.91 |
| 2020-09-30 | 3.12 |
| 2020-06-30 | 1.68 |
| 2020-03-31 | 3.49 |
| 2019-12-31 | 2.99 |
| 2019-09-30 | 3.27 |
| 2019-06-30 | 3.11 |
| 2019-03-31 | 3.78 |
| 2018-12-31 | 4.72 |
| 2018-09-30 | 3.30 |
| 2018-06-30 | 4.33 |
| 2018-03-31 | 2.94 |
| 2017-12-31 | 4.29 |
| 2017-09-30 | 3.07 |
| 2017-06-30 | 3.21 |
| 2017-03-31 | 2.45 |
| 2016-12-31 | 2.83 |
| 2016-09-30 | 3.28 |
| 2016-06-30 | 3.04 |
| 2016-03-31 | 3.08 |
| 2015-12-31 | 3.88 |
| 2015-09-30 | 3.38 |
| 2015-06-30 | 3.51 |
| 2015-03-31 | 4.06 |
| 2014-12-31 | 3.63 |
| 2014-09-30 | 5.07 |
| 2014-06-30 | 5.14 |
| 2014-03-31 | 5.85 |
| 2013-12-31 | 7.30 |
| 2013-09-30 | 5.85 |
| 2013-06-30 | 7.38 |
| 2013-03-31 | 6.40 |
| 2012-12-31 | 9.73 |
| 2012-09-30 | 5.15 |
| 2012-06-30 | 4.06 |
| 2012-03-31 | 4.22 |
| 2011-12-31 | 4.31 |
| 2011-09-30 | 2.55 |
| 2011-06-30 | 3.04 |
| 2011-03-31 | 8.22 |
| 2010-12-31 | 6.74 |
| 2010-09-30 | 4.30 |
| 2010-06-30 | 3.49 |
| 2010-03-31 | 3.80 |
| 2009-12-31 | 4.55 |
| 2009-09-30 | 4.04 |
| 2009-06-30 | 7.63 |
| 2009-03-31 | 4.69 |
| 2008-12-31 | 6.23 |
| 2008-09-30 | 3.29 |
| 2008-06-30 | 3.32 |
| 2008-03-31 | 2.75 |
| 2007-12-31 | 2.81 |
| 2007-09-30 | 4.36 |
| 2007-06-30 | 4.74 |
| 2007-03-31 | 5.85 |
| 2006-12-31 | 10.44 |
| 2006-09-30 | 8.37 |
| 2006-06-30 | 9.17 |
| 2006-03-31 | 9.40 |
| 2005-12-31 | 8.39 |
| 2005-09-30 | 9.61 |
| 2005-06-30 | 11.87 |
| 2005-03-31 | 12.25 |
| 2004-12-31 | 9.98 |
| 2004-09-30 | 8.55 |
| 2004-06-30 | 9.97 |
| 2004-03-31 | 10.55 |
| 2003-12-31 | 4.27 |
| 2003-09-30 | 7.25 |
| 2003-06-30 | 5.80 |
| 2003-03-31 | 5.41 |
| 2002-12-31 | 6.73 |
| 2002-09-30 | 9.42 |
| 2002-06-30 | 14.17 |