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 4.50 is 31% below its 5-year average of 6.49, near the low end of its 5-year range (3.64–9.55).
As of the fiscal period ended Tuesday, March 31, 2026. 22.53% below its 12-month average of 5.80.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
4.50
QUICK RATIO (ACID-TEST) AVG TTM
5.80
QUICK RATIO (ACID-TEST) AVG 3Y
5.29
QUICK RATIO (ACID-TEST) AVG 5Y
6.49
QUICK RATIO (ACID-TEST) AVG 10Y
5.58
QUICK RATIO (ACID-TEST) AVG 15Y
4.46
QUICK RATIO (ACID-TEST) AVG 20Y
4.57
CURRENT VS TTM AVG
-22.53%
CURRENT VS 3Y AVG
-14.99%
CURRENT VS 5Y AVG
-30.70%
CURRENT VS 10Y AVG
-19.48%
CURRENT VS 15Y AVG
+0.71%
CURRENT VS 20Y AVG
-1.66%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+271.59%
vs the sector median at left
United Therapeutics Corporation
Market Cap
$22.23B
Quick Ratio (Acid-Test)
4.50
TTM Avg
5.80
3Y Avg
5.29
5Y Avg
6.49
Market Cap
$23.72B
Quick Ratio (Acid-Test)
2.34
TTM Avg
2.22
3Y Avg
2.40
5Y Avg
2.33
Market Cap
$25.02B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.39
3Y Avg
1.50
5Y Avg
1.54
Market Cap
$25.77B
Quick Ratio (Acid-Test)
1.23
TTM Avg
1.27
3Y Avg
1.23
5Y Avg
1.37
Market Cap
$18.52B
Quick Ratio (Acid-Test)
1.10
TTM Avg
1.04
3Y Avg
0.96
5Y Avg
0.94
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Therapeutics Corporation (UTHR) | $22.23B | 4.50 | 5.80 | 5.29 | 6.49 |
| Moderna, Inc. (MRNA)vs › | $22.14B | 3.22 | 3.42 | 3.19 | 2.63 |
| STERIS plc (STE)vs › | $22.45B | 1.54 | 1.46 | 1.73 | 1.65 |
| BioNTech SE (BNTX)vs › | $23.38B | 7.49 | 7.42 | 7.84 | 6.36 |
| Viatris Inc. (VTRS)vs › | $20.80B | 0.74 | 0.86 | 1.00 | 0.90 |
| West Pharmaceutical Services, Inc. (WST)vs › | $23.72B | 2.34 | 2.22 | 2.40 | 2.33 |
| Waters Corporation (WAT)vs › | $25.02B | 1.27 | 1.39 | 1.50 | 1.54 |
| Labcorp Holdings Inc. (LH)vs › | $25.77B | 1.23 | 1.27 | 1.23 | 1.37 |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $18.52B | 1.10 | 1.04 | 0.96 | 0.94 |
| Incyte Corporation (INCY)vs › | $25.96B | 3.25 | 2.59 | 3.09 | 3.29 |
Quick Ratio
4.50
Excludes inventory
Current Ratio
6.60
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 | 4.50 |
| 2025-12-31 | 6.28 |
| 2025-09-30 | 6.07 |
| 2025-06-30 | 6.94 |
| 2025-03-31 | 5.23 |
| 2024-12-31 | 5.03 |
| 2024-09-30 | 4.41 |
| 2024-06-30 | 4.18 |
| 2024-03-31 | 3.64 |
| 2023-12-31 | 4.28 |
| 2023-09-30 | 4.51 |
| 2023-06-30 | 8.40 |
| 2023-03-31 | 9.52 |
| 2022-12-31 | 9.55 |
| 2022-09-30 | 9.39 |
| 2022-06-30 | 7.83 |
| 2022-03-31 | 8.54 |
| 2021-12-31 | 7.30 |
| 2021-09-30 | 7.15 |
| 2021-06-30 | 7.15 |
| 2021-03-31 | 6.36 |
| 2020-12-31 | 6.44 |
| 2020-09-30 | 6.88 |
| 2020-06-30 | 7.08 |
| 2020-03-31 | 8.46 |
| 2019-12-31 | 3.83 |
| 2019-09-30 | 3.91 |
| 2019-06-30 | 4.41 |
| 2019-03-31 | 6.84 |
| 2018-12-31 | 6.03 |
| 2018-09-30 | 4.05 |
| 2018-06-30 | 4.35 |
| 2018-03-31 | 4.81 |
| 2017-12-31 | 3.01 |
| 2017-09-30 | 1.93 |
| 2017-06-30 | 1.73 |
| 2017-03-31 | 3.27 |
| 2016-12-31 | 3.98 |
| 2016-09-30 | 4.11 |
| 2016-06-30 | 4.19 |
| 2016-03-31 | 3.39 |
| 2015-12-31 | 2.71 |
| 2015-09-30 | 2.06 |
| 2015-06-30 | 1.39 |
| 2015-03-31 | 1.43 |
| 2014-12-31 | 1.80 |
| 2014-09-30 | 1.33 |
| 2014-06-30 | 1.25 |
| 2014-03-31 | 1.43 |
| 2013-12-31 | 1.25 |
| 2013-09-30 | 1.88 |
| 2013-06-30 | 2.08 |
| 2013-03-31 | 4.56 |
| 2012-12-31 | 3.57 |
| 2012-09-30 | 2.95 |
| 2012-06-30 | 2.79 |
| 2012-03-31 | 3.01 |
| 2011-12-31 | 2.43 |
| 2011-09-30 | 1.88 |
| 2011-06-30 | 1.84 |
| 2011-03-31 | 1.75 |
| 2010-12-31 | 1.70 |
| 2010-09-30 | 1.42 |
| 2010-06-30 | 1.33 |
| 2010-03-31 | 1.13 |
| 2009-12-31 | 0.90 |
| 2009-09-30 | 0.99 |
| 2009-06-30 | 3.56 |
| 2009-03-31 | 4.22 |
| 2008-12-31 | 4.90 |
| 2008-09-30 | 0.96 |
| 2008-06-30 | 0.91 |
| 2008-03-31 | 5.20 |
| 2007-12-31 | 1.24 |
| 2007-09-30 | 8.38 |
| 2007-06-30 | 10.04 |
| 2007-03-31 | 10.74 |
| 2006-12-31 | 13.78 |
| 2006-09-30 | 8.42 |
| 2006-06-30 | 8.23 |
| 2006-03-31 | 9.95 |
| 2005-12-31 | 10.71 |
| 2005-09-30 | 7.98 |
| 2005-06-30 | 7.82 |
| 2005-03-31 | 9.24 |
| 2004-12-31 | 7.39 |
| 2004-09-30 | 7.10 |
| 2004-06-30 | 7.79 |
| 2004-03-31 | 8.19 |
| 2003-12-31 | 7.69 |
| 2003-09-30 | 5.60 |
| 2003-06-30 | 8.32 |
| 2003-03-31 | 9.32 |
| 2002-12-31 | 14.47 |
| 2002-09-30 | 15.09 |
| 2002-06-30 | 14.75 |