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 3.18 is in line with its 5-year average of 2.94, near the high end of its 5-year range (2.38–3.50).
As of the fiscal period ended Tuesday, March 31, 2026. 13.26% above its 12-month average of 2.80.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
3.18
QUICK RATIO (ACID-TEST) AVG TTM
2.80
QUICK RATIO (ACID-TEST) AVG 3Y
2.94
QUICK RATIO (ACID-TEST) AVG 5Y
2.94
QUICK RATIO (ACID-TEST) AVG 10Y
3.09
QUICK RATIO (ACID-TEST) AVG 15Y
3.64
QUICK RATIO (ACID-TEST) AVG 20Y
7.17
CURRENT VS TTM AVG
+13.26%
CURRENT VS 3Y AVG
+8.03%
CURRENT VS 5Y AVG
+7.87%
CURRENT VS 10Y AVG
+2.93%
CURRENT VS 15Y AVG
-12.63%
CURRENT VS 20Y AVG
-55.72%
SECTOR MEDIAN · HEALTHCARE
1.28
median of 65 covered companies
CURRENT VS SECTOR MEDIAN
+148.16%
vs the sector median at left
Bio-Techne Corporation
Market Cap
$11.30B
Quick Ratio (Acid-Test)
3.18
TTM Avg
2.80
3Y Avg
2.94
5Y Avg
2.94
Market Cap
$10.21B
Quick Ratio (Acid-Test)
1.04
TTM Avg
1.07
3Y Avg
1.16
5Y Avg
1.16
Market Cap
$12.39B
Quick Ratio (Acid-Test)
1.28
TTM Avg
1.17
3Y Avg
1.11
5Y Avg
1.16
Market Cap
$10.16B
Quick Ratio (Acid-Test)
0.75
TTM Avg
0.77
3Y Avg
0.86
5Y Avg
0.88
Market Cap
$10.15B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.66
3Y Avg
1.58
5Y Avg
1.56
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bio-Techne Corporation (TECH) | $11.30B | 3.18 | 2.80 | 2.94 | 2.94 |
| DaVita Inc. (DVA)vs › | $11.45B | 1.41 | 1.23 | 1.19 | 1.21 |
| Universal Health Services, Inc. (UHS)vs › | $10.21B | 1.04 | 1.07 | 1.16 | 1.16 |
| Align Technology, Inc. (ALGN)vs › | $12.39B | 1.28 | 1.17 | 1.11 | 1.16 |
| Henry Schein, Inc. (HSIC)vs › | $10.16B | 0.75 | 0.77 | 0.86 | 0.88 |
| Molina Healthcare, Inc. (MOH)vs › | $10.15B | N/A | 1.66 | 1.58 | 1.56 |
| Insulet Corp. (PODD)vs › | $10.02B | 1.83 | 2.42 | 2.51 | 3.28 |
| Tempus AI, Inc. (TEM)vs › | $9.76B | 3.16 | 2.58 | 2.23 | 3.05 |
| Revvity, Inc. (RVTY)vs › | $12.91B | 1.50 | 2.21 | 2.02 | 1.79 |
| Bio-Rad Laboratories, Inc. (BIO)vs › | $9.59B | 2.31 | 4.52 | 4.42 | 3.69 |
Quick Ratio
3.18
Excludes inventory
Current Ratio
4.49
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 | 3.18 |
| 2025-12-31 | 3.08 |
| 2025-09-30 | 2.81 |
| 2025-06-30 | 2.38 |
| 2025-03-31 | 2.58 |
| 2024-12-31 | 2.77 |
| 2024-09-30 | 3.26 |
| 2024-06-30 | 2.75 |
| 2024-03-31 | 2.88 |
| 2023-12-31 | 3.03 |
| 2023-09-30 | 3.17 |
| 2023-06-30 | 3.50 |
| 2023-03-31 | 2.84 |
| 2022-12-31 | 3.15 |
| 2022-09-30 | 2.92 |
| 2022-06-30 | 2.64 |
| 2022-03-31 | 2.79 |
| 2021-12-31 | 3.03 |
| 2021-09-30 | 3.18 |
| 2021-06-30 | 2.59 |
| 2021-03-31 | 3.32 |
| 2020-12-31 | 3.70 |
| 2020-09-30 | 4.13 |
| 2020-06-30 | 3.92 |
| 2020-03-31 | 3.74 |
| 2019-12-31 | 3.52 |
| 2019-09-30 | 3.41 |
| 2019-06-30 | 3.15 |
| 2019-03-31 | 3.36 |
| 2018-12-31 | 3.31 |
| 2018-09-30 | 3.50 |
| 2018-06-30 | 3.97 |
| 2018-03-31 | 4.29 |
| 2017-12-31 | 2.49 |
| 2017-09-30 | 2.25 |
| 2017-06-30 | 2.11 |
| 2017-03-31 | 1.70 |
| 2016-12-31 | 1.89 |
| 2016-09-30 | 2.24 |
| 2016-06-30 | 3.63 |
| 2016-03-31 | 4.37 |
| 2015-12-31 | 5.57 |
| 2015-09-30 | 4.04 |
| 2015-06-30 | 5.00 |
| 2015-03-31 | 6.33 |
| 2014-12-31 | 4.98 |
| 2014-09-30 | 5.32 |
| 2014-06-30 | 16.31 |
| 2014-03-31 | 11.54 |
| 2013-12-31 | 10.82 |
| 2013-09-30 | 11.87 |
| 2013-06-30 | 11.68 |
| 2013-03-31 | 10.91 |
| 2012-12-31 | 15.15 |
| 2012-09-30 | 13.61 |
| 2012-06-30 | 8.62 |
| 2012-03-31 | 8.65 |
| 2011-12-31 | 13.19 |
| 2011-09-30 | 6.74 |
| 2011-06-30 | 10.20 |
| 2011-03-31 | 15.91 |
| 2010-12-31 | 17.54 |
| 2010-09-30 | 13.66 |
| 2010-06-30 | 11.00 |
| 2010-03-31 | 10.42 |
| 2009-12-31 | 21.04 |
| 2009-09-30 | 16.80 |
| 2009-06-30 | 15.73 |
| 2009-03-31 | 14.21 |
| 2008-12-31 | 14.06 |
| 2008-09-30 | 12.45 |
| 2008-06-30 | 12.30 |
| 2008-03-31 | 12.37 |
| 2007-12-31 | 11.51 |
| 2007-09-30 | 15.00 |
| 2007-06-30 | 11.87 |
| 2007-03-31 | 11.64 |
| 2006-12-31 | 12.99 |
| 2006-09-30 | 5.58 |
| 2006-06-30 | 7.84 |
| 2006-03-31 | 10.07 |
| 2005-12-31 | 8.77 |
| 2005-09-30 | 9.78 |
| 2005-06-30 | 9.08 |
| 2005-03-31 | 5.64 |
| 2004-12-31 | 10.78 |
| 2004-09-30 | 8.56 |
| 2004-06-30 | 15.12 |
| 2004-03-31 | 13.43 |
| 2003-12-31 | 13.90 |
| 2003-09-30 | 14.87 |
| 2003-06-30 | 13.25 |
| 2003-03-31 | 9.68 |
| 2002-12-31 | 10.89 |
| 2002-09-30 | 6.59 |
| 2002-06-30 | 8.41 |
