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 1.32 is in line with its 5-year average of 1.30, around the middle of its 5-year range (0.91–1.78).
As of the fiscal period ended Tuesday, June 30, 2026. 2.81% below its 12-month average of 1.36.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 1.32.
QUICK RATIO (ACID-TEST)
1.32
QUICK RATIO (ACID-TEST) AVG TTM
1.36
QUICK RATIO (ACID-TEST) AVG 3Y
1.22
QUICK RATIO (ACID-TEST) AVG 5Y
1.30
QUICK RATIO (ACID-TEST) AVG 10Y
1.62
QUICK RATIO (ACID-TEST) AVG 15Y
1.53
QUICK RATIO (ACID-TEST) AVG 20Y
1.48
CURRENT VS TTM AVG
-2.81%
CURRENT VS 3Y AVG
+8.31%
CURRENT VS 5Y AVG
+1.47%
CURRENT VS 10Y AVG
-18.73%
CURRENT VS 15Y AVG
-13.66%
CURRENT VS 20Y AVG
-11.12%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 89 covered companies
CURRENT VS SECTOR MEDIAN
+8.86%
vs the sector median at left
Baxter International Inc.
Market Cap
$12.61B
Quick Ratio (Acid-Test)
1.32
TTM Avg
1.36
3Y Avg
1.22
5Y Avg
1.30
Market Cap
$12.38B
Quick Ratio (Acid-Test)
0.73
TTM Avg
1.13
3Y Avg
0.99
5Y Avg
0.98
Market Cap
$12.05B
Quick Ratio (Acid-Test)
1.19
TTM Avg
1.06
3Y Avg
1.17
5Y Avg
1.20
Market Cap
$13.41B
Quick Ratio (Acid-Test)
1.04
TTM Avg
1.07
3Y Avg
1.10
5Y Avg
1.11
Market Cap
$11.31B
Quick Ratio (Acid-Test)
3.35
TTM Avg
2.87
3Y Avg
2.99
5Y Avg
2.87
Market Cap
$10.95B
Quick Ratio (Acid-Test)
1.28
TTM Avg
1.17
3Y Avg
1.11
5Y Avg
1.16
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baxter International Inc. (BAX) | $12.61B | 1.32 | 1.36 | 1.22 | 1.30 |
| Penumbra, Inc. (PEN)vs › | $12.59B | 3.86 | 3.87 | 3.53 | 3.55 |
| The Cooper Companies, Inc. (COO)vs › | $12.38B | 0.73 | 1.13 | 0.99 | 0.98 |
| Encompass Health Corporation (EHC)vs › | $12.05B | 1.19 | 1.06 | 1.17 | 1.20 |
| Charles River Laboratories International, Inc. (CRL)vs › | $13.41B | 1.04 | 1.07 | 1.10 | 1.11 |
| DaVita Inc. (DVA)vs › | $11.75B | 1.41 | 1.23 | 1.19 | 1.21 |
| Revvity, Inc. (RVTY)vs › | $13.82B | 1.50 | 2.21 | 2.02 | 1.79 |
| Bio-Techne Corporation (TECH)vs › | $11.31B | 3.35 | 2.87 | 2.99 | 2.87 |
| Align Technology, Inc. (ALGN)vs › | $10.95B | 1.28 | 1.17 | 1.11 | 1.16 |
| Tempus AI, Inc. (TEM)vs › | $10.74B | 3.16 | 2.58 | 2.23 | 3.05 |
Quick Ratio
1.32
Excludes inventory
Current Ratio
1.95
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 | 1.32 |
| 2026-03-31 | 1.23 |
| 2025-12-31 | 1.56 |
| 2025-09-30 | 1.18 |
| 2025-06-30 | 1.49 |
| 2025-03-31 | 1.40 |
| 2024-12-31 | 1.05 |
| 2024-09-30 | 1.09 |
| 2024-06-30 | 0.91 |
| 2024-03-31 | 1.01 |
| 2023-12-31 | 1.18 |
| 2023-09-30 | 1.48 |
| 2023-06-30 | 0.92 |
| 2023-03-31 | 1.09 |
| 2022-12-31 | 1.12 |
| 2022-09-30 | 1.38 |
| 2022-06-30 | 1.33 |
| 2022-03-31 | 1.45 |
| 2021-12-31 | 1.52 |
| 2021-09-30 | 1.78 |
| 2021-06-30 | 1.78 |
| 2021-03-31 | 1.83 |
| 2020-12-31 | 1.95 |
| 2020-09-30 | 2.06 |
| 2020-06-30 | 2.31 |
| 2020-03-31 | 2.19 |
| 2019-12-31 | 1.81 |
| 2019-09-30 | 2.10 |
| 2019-06-30 | 2.10 |
| 2019-03-31 | 1.30 |
| 2018-12-31 | 1.53 |
| 2018-09-30 | 1.96 |
| 2018-06-30 | 2.00 |
| 2018-03-31 | 2.03 |
| 2017-12-31 | 2.05 |
| 2017-09-30 | 2.22 |
| 2017-06-30 | 2.42 |
| 2017-03-31 | 2.11 |
| 2016-12-31 | 1.87 |
| 2016-09-30 | 1.93 |
| 2016-06-30 | 1.41 |
| 2016-03-31 | 1.66 |
| 2015-12-31 | 1.77 |
| 2015-09-30 | 1.58 |
| 2015-06-30 | 1.69 |
| 2015-03-31 | 1.03 |
| 2014-12-31 | 1.42 |
| 2014-09-30 | 0.99 |
| 2014-06-30 | 0.98 |
| 2014-03-31 | 1.00 |
| 2013-12-31 | 1.28 |
| 2013-09-30 | 1.20 |
| 2013-06-30 | 2.02 |
| 2013-03-31 | 1.22 |
| 2012-12-31 | 1.36 |
| 2012-09-30 | 1.41 |
| 2012-06-30 | 1.09 |
| 2012-03-31 | 1.11 |
| 2011-12-31 | 1.24 |
| 2011-09-30 | 1.29 |
| 2011-06-30 | 1.28 |
| 2011-03-31 | 1.35 |
| 2010-12-31 | 1.39 |
| 2010-09-30 | 1.34 |
| 2010-06-30 | 1.22 |
| 2010-03-31 | 1.29 |
| 2009-12-31 | 1.28 |
| 2009-09-30 | 1.57 |
| 2009-06-30 | 1.35 |
| 2009-03-31 | 1.37 |
| 2008-12-31 | 1.32 |
| 2008-09-30 | 1.48 |
| 2008-06-30 | 1.47 |
| 2008-03-31 | 1.38 |
| 2007-12-31 | 1.37 |
| 2007-09-30 | 1.17 |
| 2007-06-30 | 1.32 |
| 2007-03-31 | 1.34 |
| 2006-12-31 | 1.36 |
| 2006-09-30 | 1.46 |
| 2006-06-30 | 1.15 |
| 2006-03-31 | 1.10 |
| 2005-12-31 | 0.77 |
| 2005-09-30 | 0.97 |
| 2005-06-30 | 0.89 |
| 2005-03-31 | 0.78 |
| 2004-12-31 | 0.91 |
| 2004-09-30 | 1.00 |
| 2004-06-30 | 0.99 |
| 2004-03-31 | 0.99 |
| 2003-12-31 | 0.86 |
| 2003-09-30 | 1.00 |
| 2003-06-30 | 0.99 |
| 2003-03-31 | 1.07 |
| 2002-12-31 | 0.89 |
| 2002-09-30 | 0.79 |