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 1.18 is in line with its 5-year average of 1.23, near the low end of its 5-year range (0.92–2.56).
As of the fiscal period ended Saturday, June 27, 2026. 9.00% below its 12-month average of 1.29.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.18
QUICK RATIO (ACID-TEST) AVG TTM
1.29
QUICK RATIO (ACID-TEST) AVG 3Y
1.29
QUICK RATIO (ACID-TEST) AVG 5Y
1.23
QUICK RATIO (ACID-TEST) AVG 10Y
1.19
QUICK RATIO (ACID-TEST) AVG 15Y
1.17
QUICK RATIO (ACID-TEST) AVG 20Y
1.36
CURRENT VS TTM AVG
-9.00%
CURRENT VS 3Y AVG
-8.63%
CURRENT VS 5Y AVG
-4.38%
CURRENT VS 10Y AVG
-0.80%
CURRENT VS 15Y AVG
+0.71%
CURRENT VS 20Y AVG
-13.61%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 89 covered companies
CURRENT VS SECTOR MEDIAN
-2.72%
vs the sector median at left
Thermo Fisher Scientific Inc.
Market Cap
$224.89B
Quick Ratio (Acid-Test)
1.18
TTM Avg
1.29
3Y Avg
1.29
5Y Avg
1.23
Market Cap
$244.62B
Quick Ratio (Acid-Test)
0.67
TTM Avg
0.73
3Y Avg
0.70
5Y Avg
0.72
Market Cap
$198.74B
Quick Ratio (Acid-Test)
0.66
TTM Avg
0.56
3Y Avg
0.61
5Y Avg
0.63
Market Cap
$182.97B
Quick Ratio (Acid-Test)
0.97
TTM Avg
1.21
3Y Avg
1.20
5Y Avg
1.26
Market Cap
$181.18B
Quick Ratio (Acid-Test)
1.09
TTM Avg
1.42
3Y Avg
1.32
5Y Avg
1.28
Market Cap
$143.87B
Quick Ratio (Acid-Test)
1.25
TTM Avg
1.28
3Y Avg
1.37
5Y Avg
1.36
Market Cap
$132.33B
Quick Ratio (Acid-Test)
2.74
TTM Avg
2.41
3Y Avg
3.31
5Y Avg
3.62
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thermo Fisher Scientific Inc. (TMO) | $224.89B | 1.18 | 1.29 | 1.29 | 1.23 |
| Amgen Inc. (AMGN)vs › | $210.62B | 1.13 | 0.93 | 1.02 | 1.14 |
| AstraZeneca PLC (AZN)vs › | $244.62B | 0.67 | 0.73 | 0.70 | 0.72 |
| Novo Nordisk A/S (NVO)vs › | $198.74B | 0.66 | 0.56 | 0.61 | 0.63 |
| Abbott Laboratories (ABT)vs › | $182.97B | 0.97 | 1.21 | 1.20 | 1.26 |
| Gilead Sciences, Inc. (GILD)vs › | $181.18B | 1.09 | 1.42 | 1.32 | 1.28 |
| Pfizer Inc. (PFE)vs › | $158.99B | 0.96 | 0.90 | 0.87 | 0.95 |
| Danaher Corporation (DHR)vs › | $143.87B | 1.25 | 1.28 | 1.37 | 1.36 |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $132.33B | 2.74 | 2.41 | 3.31 | 3.62 |
| Bristol-Myers Squibb Company (BMY)vs › | $131.71B | 1.38 | 1.15 | 1.19 | 1.27 |
Quick Ratio
1.18
Excludes inventory
Current Ratio
1.55
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) |
|---|---|
| 2026-06-27 | 1.18 |
| 2026-03-28 | 1.15 |
| 2025-12-31 | 1.53 |
| 2025-09-27 | 1.11 |
| 2025-06-28 | 1.50 |
| 2025-03-29 | 1.38 |
| 2024-12-31 | 1.29 |
| 2024-09-28 | 1.26 |
| 2024-06-29 | 1.37 |
| 2024-03-30 | 1.33 |
| 2023-12-31 | 1.39 |
| 2023-09-30 | 1.25 |
| 2023-07-01 | 1.02 |
| 2023-04-01 | 0.92 |
| 2022-12-31 | 1.15 |
| 2022-10-01 | 1.22 |
| 2022-07-02 | 1.13 |
| 2022-04-02 | 1.10 |
| 2021-12-31 | 1.12 |
| 2021-10-02 | 2.56 |
| 2021-07-03 | 2.11 |
| 2021-04-03 | 1.91 |
| 2020-12-31 | 1.74 |
| 2020-09-26 | 2.31 |
| 2020-06-27 | 2.02 |
| 2020-03-28 | 1.69 |
| 2019-12-31 | 1.38 |
| 2019-09-28 | 1.23 |
| 2019-06-29 | 1.07 |
| 2019-03-30 | 1.16 |
| 2018-12-31 | 1.24 |
| 2018-09-29 | 1.27 |
| 2018-06-30 | 1.11 |
| 2018-03-31 | 0.95 |
| 2017-12-31 | 0.92 |
| 2017-09-30 | 0.81 |
| 2017-07-01 | 0.99 |
| 2017-04-01 | 0.93 |
| 2016-12-31 | 0.99 |
| 2016-10-01 | 1.11 |
| 2016-07-02 | 0.77 |
| 2016-04-02 | 0.69 |
| 2015-12-31 | 0.90 |
| 2015-09-26 | 0.70 |
| 2015-06-27 | 0.70 |
| 2015-03-28 | 0.62 |
| 2014-12-31 | 0.87 |
| 2014-09-27 | 0.61 |
| 2014-06-28 | 0.64 |
| 2014-03-29 | 0.97 |
| 2013-12-31 | 2.68 |
| 2013-09-28 | 1.90 |
| 2013-06-29 | 1.76 |
| 2013-03-30 | 1.59 |
| 2012-12-31 | 1.62 |
| 2012-09-29 | 1.36 |
| 2012-06-30 | 1.21 |
| 2012-03-31 | 1.18 |
| 2011-12-31 | 1.12 |
| 2011-10-01 | 1.19 |
| 2011-07-02 | 2.01 |
| 2011-04-02 | 1.19 |
| 2010-12-31 | 1.73 |
| 2010-10-02 | 1.67 |
| 2010-07-03 | 1.98 |
| 2010-04-03 | 1.90 |
| 2009-12-31 | 2.07 |
| 2009-09-26 | 2.28 |
| 2009-06-27 | 2.15 |
| 2009-03-31 | 2.24 |
| 2008-12-31 | 2.06 |
| 2008-09-27 | 1.73 |
| 2008-06-28 | 1.61 |
| 2008-03-29 | 1.44 |
| 2007-12-31 | 1.31 |
| 2007-09-29 | 1.66 |
| 2007-06-30 | 1.76 |
| 2007-03-31 | 1.43 |
| 2006-12-31 | 1.16 |
| 2006-09-30 | 1.21 |
| 2006-07-01 | 1.13 |
| 2006-04-01 | 1.39 |
| 2005-12-31 | 1.26 |
| 2005-10-01 | 1.19 |
| 2005-07-02 | 1.06 |
| 2005-04-02 | 2.08 |
| 2004-12-31 | 1.96 |
| 2004-10-02 | 1.64 |
| 2004-07-03 | 1.56 |
| 2004-04-03 | 1.58 |
| 2003-12-31 | 1.54 |
| 2003-09-27 | 1.61 |
| 2003-06-28 | 1.37 |
| 2003-03-29 | 1.46 |
| 2002-12-31 | 1.30 |
| 2002-09-28 | 1.26 |