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 6.96 is in line with its 5-year average of 7.27, near the low end of its 5-year range (1.80–19.07).
As of the fiscal period ended Tuesday, June 30, 2026. 4.93% above its 12-month average of 6.63.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 6.96.
QUICK RATIO (ACID-TEST)
6.96
QUICK RATIO (ACID-TEST) AVG TTM
6.63
QUICK RATIO (ACID-TEST) AVG 3Y
6.89
QUICK RATIO (ACID-TEST) AVG 5Y
7.27
QUICK RATIO (ACID-TEST) AVG 10Y
4.80
QUICK RATIO (ACID-TEST) AVG 15Y
4.81
QUICK RATIO (ACID-TEST) AVG 20Y
4.78
CURRENT VS TTM AVG
+4.93%
CURRENT VS 3Y AVG
+1.01%
CURRENT VS 5Y AVG
-4.34%
CURRENT VS 10Y AVG
+45.03%
CURRENT VS 15Y AVG
+44.74%
CURRENT VS 20Y AVG
+45.57%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 871 covered companies
CURRENT VS SECTOR MEDIAN
+107.69%
vs the sector median at left
Summit Therapeutics Inc.
Market Cap
$13.81B
Quick Ratio (Acid-Test)
6.96
TTM Avg
6.63
3Y Avg
6.89
5Y Avg
7.27
Market Cap
$14.04B
Quick Ratio (Acid-Test)
2.32
TTM Avg
0.80
3Y Avg
0.84
5Y Avg
4.11
Market Cap
$13.11B
Quick Ratio (Acid-Test)
1.17
TTM Avg
3.59
3Y Avg
3.76
5Y Avg
4.72
Market Cap
$14.54B
Quick Ratio (Acid-Test)
1.58
TTM Avg
2.83
3Y Avg
2.38
5Y Avg
2.61
Market Cap
$13.01B
Quick Ratio (Acid-Test)
2.31
TTM Avg
5.22
3Y Avg
5.21
5Y Avg
4.91
Market Cap
$14.63B
Quick Ratio (Acid-Test)
1.75
TTM Avg
3.29
3Y Avg
2.91
5Y Avg
3.46
Market Cap
$14.66B
Quick Ratio (Acid-Test)
3.38
TTM Avg
3.54
3Y Avg
3.46
5Y Avg
4.12
Market Cap
$14.69B
Quick Ratio (Acid-Test)
1.04
TTM Avg
1.07
3Y Avg
1.10
5Y Avg
1.11
Market Cap
$12.93B
Quick Ratio (Acid-Test)
2.77
TTM Avg
3.05
3Y Avg
4.30
5Y Avg
5.45
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Summit Therapeutics Inc. (SMMT) | $13.81B | 6.96 | 6.63 | 6.89 | 7.27 |
| Ascendis Pharma A/S (ASND)vs › | $14.04B | 2.32 | 0.80 | 0.84 | 4.11 |
| BridgeBio Pharma, Inc. (BBIO)vs › | $13.11B | 1.17 | 3.59 | 3.76 | 4.72 |
| Jazz Pharmaceuticals plc (JAZZ)vs › | $14.54B | 1.58 | 2.83 | 2.38 | 2.61 |
| Halozyme Therapeutics, Inc. (HALO)vs › | $13.01B | 2.31 | 5.22 | 5.21 | 4.91 |
| Neurocrine Biosciences, Inc. (NBIX)vs › | $14.63B | 1.75 | 3.29 | 2.91 | 3.46 |
| Exelixis, Inc. (EXEL)vs › | $14.66B | 3.38 | 3.54 | 3.46 | 4.12 |
| Charles River Laboratories International, Inc. (CRL)vs › | $14.69B | 1.04 | 1.07 | 1.10 | 1.11 |
| Corcept Therapeutics Incorporated (CORT)vs › | $12.93B | 2.77 | 3.05 | 4.30 | 5.45 |
| Tempus AI, Inc. (TEM)vs › | $12.61B | 3.16 | 2.58 | 2.23 | 3.05 |
Quick Ratio
6.96
Excludes inventory
Current Ratio
6.96
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 | 6.96 |
| 2026-03-31 | 7.41 |
| 2025-12-31 | 9.87 |
| 2025-09-30 | 3.80 |
| 2025-06-30 | 5.13 |
| 2025-03-31 | 10.63 |
| 2024-12-31 | 10.15 |
| 2024-09-30 | 8.31 |
| 2024-06-30 | 2.35 |
| 2024-03-31 | 6.97 |
| 2023-12-31 | 9.30 |
| 2023-09-30 | 1.80 |
| 2023-06-30 | 19.07 |
| 2023-03-31 | 14.22 |
| 2022-12-31 | 16.93 |
| 2022-09-30 | 8.22 |
| 2022-06-30 | 5.23 |
| 2022-03-31 | 4.38 |
| 2021-12-31 | 3.80 |
| 2021-09-30 | 4.49 |
| 2021-06-30 | 5.55 |
| 2021-03-31 | 1.71 |
| 2020-12-31 | 4.41 |
| 2020-09-30 | 2.85 |
| 2020-06-30 | 4.21 |
| 2020-03-31 | 4.80 |
| 2019-12-31 | 5.98 |
| 2019-10-31 | 3.26 |
| 2019-07-31 | 3.47 |
| 2019-04-30 | 3.93 |
| 2019-01-31 | 3.56 |
| 2018-10-31 | 2.56 |
| 2018-07-31 | 3.66 |
| 2018-04-30 | 1.83 |
| 2018-01-31 | 1.56 |
| 2017-10-31 | 4.06 |
| 2017-07-31 | 3.50 |
| 2017-04-30 | 2.58 |
| 2017-01-31 | 3.06 |
| 2016-10-31 | 3.84 |
| 2016-07-31 | 3.14 |
| 2016-04-30 | 5.11 |
| 2016-01-31 | 6.50 |
| 2015-10-31 | 8.80 |
| 2015-07-31 | 10.80 |
| 2015-04-30 | 12.00 |
| 2015-01-31 | 4.26 |
| 2014-10-31 | 5.72 |
| 2014-07-31 | 5.84 |
| 2014-04-30 | 0.00 |
| 2014-01-31 | 1.66 |
| 2013-10-31 | 0.00 |
| 2013-07-31 | 4.46 |
| 2013-04-30 | 4.46 |
| 2013-01-31 | 2.74 |
| 2012-10-31 | 2.74 |
| 2012-07-31 | 7.51 |
| 2012-04-30 | 7.51 |
| 2012-01-31 | 2.06 |
| 2011-10-31 | 2.06 |
| 2011-07-31 | 2.30 |
| 2011-01-31 | 3.09 |
| 2010-07-31 | 5.86 |
| 2010-01-31 | 6.01 |
| 2009-07-31 | 3.29 |
| 2009-01-31 | 2.69 |
| 2008-07-31 | 3.40 |
| 2008-01-31 | 3.63 |
| 2007-07-31 | 8.69 |
| 2007-01-31 | 13.40 |
| 2006-07-31 | 62.52 |
| 2006-01-31 | 18.69 |
| 2005-07-31 | 24.01 |
| 2005-01-31 | 76.63 |
| 2004-07-31 | 0.85 |
