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 1.29 is 12% below its 5-year average of 1.46, near the low end of its 5-year range (1.08–1.89).
As of the fiscal period ended Saturday, July 4, 2026. 8.08% above its 12-month average of 1.19.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.29
QUICK RATIO (ACID-TEST) AVG TTM
1.19
QUICK RATIO (ACID-TEST) AVG 3Y
1.33
QUICK RATIO (ACID-TEST) AVG 5Y
1.46
QUICK RATIO (ACID-TEST) AVG 10Y
2.65
QUICK RATIO (ACID-TEST) AVG 15Y
3.17
QUICK RATIO (ACID-TEST) AVG 20Y
2.93
CURRENT VS TTM AVG
+8.08%
CURRENT VS 3Y AVG
-2.88%
CURRENT VS 5Y AVG
-11.76%
CURRENT VS 10Y AVG
-51.50%
CURRENT VS 15Y AVG
-59.39%
CURRENT VS 20Y AVG
-56.02%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 89 covered companies
CURRENT VS SECTOR MEDIAN
+6.38%
vs the sector median at left
Waters Corporation
Market Cap
$30.13B
Quick Ratio (Acid-Test)
1.29
TTM Avg
1.19
3Y Avg
1.33
5Y Avg
1.46
Market Cap
$30.16B
Quick Ratio (Acid-Test)
0.72
TTM Avg
0.86
3Y Avg
0.82
5Y Avg
0.76
Market Cap
$26.79B
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 |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $30.13B | 1.29 | 1.19 | 1.33 | 1.46 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $30.16B | 0.72 | 0.86 | 0.82 | 0.76 |
| Zoetis Inc. (ZTS)vs › | $30.86B | 1.84 | 1.51 | 1.66 | 1.96 |
| Medline Inc. (MDLN)vs › | $29.33B | 2.61 | 1.97 | 2.09 | 2.09 |
| Biogen Inc. (BIIB)vs › | $31.40B | 1.26 | 1.46 | 1.69 | 1.64 |
| DexCom, Inc. (DXCM)vs › | $31.90B | 1.43 | 1.44 | 1.80 | 2.83 |
| Centene Corp. (CNC)vs › | $31.90B | 1.15 | 1.40 | 1.24 | 1.19 |
| ResMed Inc. (RMD)vs › | $32.06B | 2.42 | 2.47 | 2.11 | 1.90 |
| Mettler-Toledo International Inc. (MTD)vs › | $26.79B | 0.78 | 0.77 | 0.77 | 0.79 |
| Labcorp Holdings Inc. (LH)vs › | $26.64B | 1.53 | 1.27 | 1.23 | 1.37 |
Quick Ratio
1.29
Excludes inventory
Current Ratio
1.86
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) |
|---|---|
| 2026-07-04 | 1.29 |
| 2026-04-04 | 1.13 |
| 2025-12-31 | 1.27 |
| 2025-09-27 | 1.08 |
| 2025-06-28 | 1.22 |
| 2025-03-29 | 1.28 |
| 2024-12-31 | 1.51 |
| 2024-09-28 | 1.38 |
| 2024-06-29 | 1.42 |
| 2024-03-30 | 1.30 |
| 2023-12-31 | 1.57 |
| 2023-09-30 | 1.46 |
| 2023-07-01 | 1.41 |
| 2023-04-01 | 1.59 |
| 2022-12-31 | 1.66 |
| 2022-10-01 | 1.55 |
| 2022-07-02 | 1.55 |
| 2022-04-02 | 1.75 |
| 2021-12-31 | 1.87 |
| 2021-10-02 | 1.89 |
| 2021-07-03 | 1.89 |
| 2021-04-03 | 1.83 |
| 2020-12-31 | 1.36 |
| 2020-09-26 | 1.34 |
| 2020-06-27 | 1.33 |
| 2020-03-28 | 1.79 |
| 2019-12-31 | 1.68 |
| 2019-09-28 | 1.63 |
| 2019-06-29 | 2.07 |
| 2019-03-30 | 2.89 |
| 2018-12-31 | 5.28 |
| 2018-09-29 | 5.93 |
| 2018-06-30 | 5.95 |
| 2018-03-31 | 5.87 |
| 2017-12-31 | 6.60 |
| 2017-09-30 | 5.71 |
| 2017-07-01 | 5.60 |
| 2017-04-01 | 5.53 |
| 2016-12-31 | 6.48 |
| 2016-10-01 | 6.22 |
| 2016-07-02 | 5.97 |
| 2016-04-02 | 5.77 |
| 2015-12-31 | 5.23 |
| 2015-10-03 | 5.25 |
| 2015-07-04 | 5.00 |
| 2015-04-04 | 4.86 |
| 2014-12-31 | 4.43 |
| 2014-09-27 | 4.23 |
| 2014-06-28 | 4.05 |
| 2014-03-29 | 4.01 |
| 2013-12-31 | 4.75 |
| 2013-09-28 | 4.41 |
| 2013-06-29 | 4.42 |
| 2013-03-30 | 4.30 |
| 2012-12-31 | 4.02 |
| 2012-09-29 | 2.46 |
| 2012-06-30 | 2.53 |
| 2012-03-31 | 2.76 |
| 2011-12-31 | 2.87 |
| 2011-10-01 | 2.67 |
| 2011-07-02 | 3.33 |
| 2011-04-02 | 2.04 |
| 2010-12-31 | 3.58 |
| 2010-10-02 | 2.95 |
| 2010-07-03 | 3.09 |
| 2010-04-03 | 3.47 |
| 2009-12-31 | 2.52 |
| 2009-10-03 | 2.14 |
| 2009-07-04 | 2.15 |
| 2009-04-04 | 2.25 |
| 2008-12-31 | 2.71 |
| 2008-09-27 | 1.84 |
| 2008-06-28 | 1.91 |
| 2008-03-29 | 2.00 |
| 2007-12-31 | 1.61 |
| 2007-09-29 | 1.36 |
| 2007-06-30 | 1.33 |
| 2007-03-31 | 1.35 |
| 2006-12-31 | 1.21 |
| 2006-09-30 | 1.11 |
| 2006-07-01 | 1.13 |
| 2006-04-01 | 1.20 |
| 2005-12-31 | 1.29 |
| 2005-10-01 | 1.03 |
| 2005-07-02 | 1.27 |
| 2005-04-02 | 1.38 |
| 2004-12-31 | 1.69 |
| 2004-10-02 | 1.31 |
| 2004-07-03 | 1.17 |
| 2004-04-03 | 1.26 |
| 2003-12-31 | 1.56 |
| 2003-09-30 | 1.14 |
| 2003-06-30 | 1.31 |
| 2003-03-31 | 1.29 |
| 2002-12-31 | 1.65 |
| 2002-09-30 | 1.63 |