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 9.99 is 352% above its 5-year average of 2.21, near the high end of its 5-year range (0.99–11.26).
As of the fiscal period ended Tuesday, June 30, 2026. 52.32% above its 12-month average of 6.56.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 9.99.
QUICK RATIO (ACID-TEST)
9.99
QUICK RATIO (ACID-TEST) AVG TTM
6.56
QUICK RATIO (ACID-TEST) AVG 3Y
1.92
QUICK RATIO (ACID-TEST) AVG 5Y
2.21
QUICK RATIO (ACID-TEST) AVG 10Y
4.03
QUICK RATIO (ACID-TEST) AVG 15Y
N/A
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
+52.32%
CURRENT VS 3Y AVG
+421.44%
CURRENT VS 5Y AVG
+351.73%
CURRENT VS 10Y AVG
+147.57%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
3.35
median of 870 covered companies
CURRENT VS SECTOR MEDIAN
+197.69%
vs the sector median at left
Wave Life Sciences Ltd.
Market Cap
$693.61M
Quick Ratio (Acid-Test)
9.99
TTM Avg
6.56
3Y Avg
1.92
5Y Avg
2.21
Market Cap
$693.19M
Quick Ratio (Acid-Test)
19.69
TTM Avg
6.38
3Y Avg
9.16
5Y Avg
11.87
Market Cap
$694.79M
Quick Ratio (Acid-Test)
3.86
TTM Avg
4.81
3Y Avg
5.95
5Y Avg
7.14
Market Cap
$691.79M
Quick Ratio (Acid-Test)
8.86
TTM Avg
10.22
3Y Avg
11.35
5Y Avg
25.38
Market Cap
$685.49M
Quick Ratio (Acid-Test)
14.20
TTM Avg
2.59
3Y Avg
2.42
5Y Avg
2.06
Market Cap
$702.82M
Quick Ratio (Acid-Test)
14.16
TTM Avg
12.98
3Y Avg
15.39
5Y Avg
17.04
Market Cap
$681.27M
Quick Ratio (Acid-Test)
13.82
TTM Avg
5.67
3Y Avg
7.51
5Y Avg
7.66
Market Cap
$681.02M
Quick Ratio (Acid-Test)
2.22
TTM Avg
3.07
3Y Avg
3.97
5Y Avg
5.01
Market Cap
$709.65M
Quick Ratio (Acid-Test)
0.84
TTM Avg
1.18
3Y Avg
1.08
5Y Avg
1.08
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Wave Life Sciences Ltd. (WVE) | $693.61M | 9.99 | 6.56 | 1.92 | 2.21 |
| Faeth Therapeutics, Inc. (FTH)vs › | $693.19M | 19.69 | 6.38 | 9.16 | 11.87 |
| Cytek Biosciences, Inc. (CTKB)vs › | $694.79M | 3.86 | 4.81 | 5.95 | 7.14 |
| Olema Pharmaceuticals, Inc. (OLMA)vs › | $691.79M | 8.86 | 10.22 | 11.35 | 25.38 |
| Anteris Technologies Global Corp. (AVR)vs › | $685.49M | 14.20 | 2.59 | 2.42 | 2.06 |
| ArriVent BioPharma, Inc. (AVBP)vs › | $702.82M | 14.16 | 12.98 | 15.39 | 17.04 |
| Solid Biosciences Inc. (SLDB)vs › | $681.27M | 13.82 | 5.67 | 7.51 | 7.66 |
| Verastem, Inc. (VSTM)vs › | $681.02M | 2.22 | 3.07 | 3.97 | 5.01 |
| Collegium Pharmaceutical, Inc. (COLL)vs › | $709.65M | 0.84 | 1.18 | 1.08 | 1.08 |
| MiMedx Group, Inc. (MDXG)vs › | $673.41M | 4.79 | 3.80 | 3.38 | 3.21 |
Quick Ratio
9.99
Excludes inventory
Current Ratio
9.99
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 | 9.99 |
| 2026-03-31 | 11.26 |
| 2025-12-31 | 6.47 |
| 2025-09-30 | 2.51 |
| 2025-06-30 | 2.56 |
| 2025-03-31 | 2.95 |
| 2024-12-31 | 2.89 |
| 2024-09-30 | 1.90 |
| 2024-06-30 | 0.99 |
| 2024-03-31 | 1.19 |
| 2023-12-31 | 1.26 |
| 2023-09-30 | 1.59 |
| 2023-06-30 | 1.32 |
| 2023-03-31 | 1.66 |
| 2022-12-31 | 1.38 |
| 2022-09-30 | 2.05 |
| 2022-06-30 | 2.50 |
| 2022-03-31 | 2.13 |
| 2021-12-31 | 2.53 |
| 2021-09-30 | 4.99 |
| 2021-06-30 | 3.41 |
| 2021-03-31 | 4.00 |
| 2020-12-31 | 1.90 |
| 2020-09-30 | 2.36 |
| 2020-06-30 | 1.33 |
| 2020-03-31 | 1.26 |
| 2019-12-31 | 1.57 |
| 2019-09-30 | 1.88 |
| 2019-06-30 | 2.33 |
| 2019-03-31 | 2.39 |
| 2018-12-31 | 1.56 |
| 2018-09-30 | 1.85 |
| 2018-06-30 | 6.12 |
| 2018-03-31 | 7.24 |
| 2017-12-31 | 7.67 |
| 2017-09-30 | 11.50 |
| 2017-06-30 | 12.94 |
| 2017-03-31 | 9.44 |
| 2016-12-31 | 12.50 |
| 2016-09-30 | 15.06 |
| 2016-06-30 | 21.27 |
| 2016-03-31 | 40.85 |
| 2015-12-31 | 42.27 |
| 2015-09-30 | 19.57 |
| 2015-06-30 | 3.46 |
| 2015-03-31 | 0.00 |
| 2014-12-31 | 1.50 |
| 2014-09-30 | 0.00 |
| 2014-06-30 | 0.00 |
| 2014-03-31 | 0.00 |