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 2.42 is 26% above its 5-year average of 1.92, near the high end of its 5-year range (1.23–2.53).
As of the fiscal period ended Tuesday, June 30, 2026. 3.15% above its 12-month average of 2.35.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
2.42
QUICK RATIO (ACID-TEST) AVG TTM
2.35
QUICK RATIO (ACID-TEST) AVG 3Y
2.10
QUICK RATIO (ACID-TEST) AVG 5Y
1.92
QUICK RATIO (ACID-TEST) AVG 10Y
1.82
QUICK RATIO (ACID-TEST) AVG 15Y
2.82
QUICK RATIO (ACID-TEST) AVG 20Y
2.87
CURRENT VS TTM AVG
+3.15%
CURRENT VS 3Y AVG
+15.44%
CURRENT VS 5Y AVG
+26.20%
CURRENT VS 10Y AVG
+33.36%
CURRENT VS 15Y AVG
-14.07%
CURRENT VS 20Y AVG
-15.56%
SECTOR MEDIAN · HEALTHCARE
1.32
median of 65 covered companies
CURRENT VS SECTOR MEDIAN
+83.48%
vs the sector median at left
Market Cap
$30.62B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.39
3Y Avg
1.50
5Y Avg
1.54
Market Cap
$32.96B
Quick Ratio (Acid-Test)
0.72
TTM Avg
0.86
3Y Avg
0.82
5Y Avg
0.76
Market Cap
$29.10B
Quick Ratio (Acid-Test)
2.99
TTM Avg
2.71
3Y Avg
2.94
5Y Avg
3.33
Market Cap
$29.08B
Quick Ratio (Acid-Test)
0.78
TTM Avg
0.77
3Y Avg
0.77
5Y Avg
0.79
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ResMed Inc. (RMD) | $31.65B | 2.42 | 2.35 | 2.10 | 1.92 |
| Zoetis Inc. (ZTS)vs › | $30.79B | 1.84 | 1.51 | 1.66 | 1.96 |
| Biogen Inc. (BIIB)vs › | $30.69B | 1.26 | 1.46 | 1.69 | 1.64 |
| Waters Corporation (WAT)vs › | $30.62B | N/A | 1.39 | 1.50 | 1.54 |
| Centene Corp. (CNC)vs › | $32.75B | N/A | 1.40 | 1.24 | 1.19 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $32.96B | 0.72 | 0.86 | 0.82 | 0.76 |
| DexCom, Inc. (DXCM)vs › | $33.07B | 1.43 | 1.44 | 1.80 | 2.83 |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $29.10B | 2.99 | 2.71 | 2.94 | 3.33 |
| Mettler-Toledo International Inc. (MTD)vs › | $29.08B | 0.78 | 0.77 | 0.77 | 0.79 |
| Medline Inc. (MDLN)vs › | $28.59B | 2.51 | 1.97 | 2.09 | 2.09 |
Quick Ratio
2.42
Excludes inventory
Current Ratio
3.10
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 | 2.42 |
| 2026-03-31 | 2.33 |
| 2025-12-31 | 2.32 |
| 2025-09-30 | 2.13 |
| 2025-06-30 | 2.53 |
| 2025-03-31 | 2.49 |
| 2024-12-31 | 2.29 |
| 2024-09-30 | 1.91 |
| 2024-06-30 | 1.69 |
| 2024-03-31 | 1.97 |
| 2023-12-31 | 1.63 |
| 2023-09-30 | 1.75 |
| 2023-06-30 | 1.81 |
| 2023-03-31 | 1.74 |
| 2022-12-31 | 1.82 |
| 2022-09-30 | 1.69 |
| 2022-06-30 | 1.72 |
| 2022-03-31 | 1.56 |
| 2021-12-31 | 1.54 |
| 2021-09-30 | 1.73 |
| 2021-06-30 | 1.23 |
| 2021-03-31 | 1.12 |
| 2020-12-31 | 1.69 |
| 2020-09-30 | 1.80 |
| 2020-06-30 | 1.84 |
| 2020-03-31 | 2.01 |
| 2019-12-31 | 1.85 |
| 2019-09-30 | 1.46 |
| 2019-06-30 | 1.43 |
| 2019-03-31 | 1.69 |
| 2018-12-31 | 1.76 |
| 2018-09-30 | 1.91 |
| 2018-06-30 | 1.56 |
| 2018-03-31 | 2.85 |
| 2017-12-31 | 1.08 |
| 2017-09-30 | 3.86 |
| 2017-06-30 | 3.82 |
| 2017-03-31 | 4.00 |
| 2016-12-31 | 1.86 |
| 2016-09-30 | 1.97 |
| 2016-06-30 | 1.87 |
| 2016-03-31 | 4.07 |
| 2015-12-31 | 4.19 |
| 2015-09-30 | 4.95 |
| 2015-06-30 | 4.36 |
| 2015-03-31 | 5.18 |
| 2014-12-31 | 5.16 |
| 2014-09-30 | 5.26 |
| 2014-06-30 | 5.16 |
| 2014-03-31 | 5.67 |
| 2013-12-31 | 5.71 |
| 2013-09-30 | 2.26 |
| 2013-06-30 | 2.27 |
| 2013-03-31 | 2.44 |
| 2012-12-31 | 5.32 |
| 2012-09-30 | 4.97 |
| 2012-06-30 | 4.69 |
| 2012-03-31 | 4.44 |
| 2011-12-31 | 4.65 |
| 2011-09-30 | 4.23 |
| 2011-06-30 | 5.23 |
| 2011-03-31 | 5.21 |
| 2010-12-31 | 3.77 |
| 2010-09-30 | 2.98 |
| 2010-06-30 | 2.56 |
| 2010-03-31 | 2.56 |
| 2009-12-31 | 3.10 |
| 2009-09-30 | 2.62 |
| 2009-06-30 | 2.59 |
| 2009-03-31 | 2.54 |
| 2008-12-31 | 2.52 |
| 2008-09-30 | 3.08 |
| 2008-06-30 | 3.02 |
| 2008-03-31 | 3.87 |
| 2007-12-31 | 3.22 |
| 2007-09-30 | 2.79 |
| 2007-06-30 | 2.53 |
| 2007-03-31 | 2.40 |
| 2006-12-31 | 2.74 |
| 2006-09-30 | 3.26 |
| 2006-06-30 | 3.05 |
| 2006-03-31 | 2.93 |
| 2005-12-31 | 1.15 |
| 2005-09-30 | 1.17 |
| 2005-06-30 | 1.24 |
| 2005-03-31 | 3.34 |
| 2004-12-31 | 3.53 |
| 2004-09-30 | 3.55 |
| 2004-06-30 | 3.75 |
| 2004-03-31 | 3.17 |
| 2003-12-31 | 3.77 |
| 2003-09-30 | 3.88 |
| 2003-06-30 | 3.81 |
| 2003-03-31 | 3.23 |
| 2002-12-31 | 3.31 |
| 2002-09-30 | 3.08 |
