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 0.49 is in line with its 5-year average of 0.52, near the low end of its 5-year range (0.44–0.61).
As of the fiscal period ended Tuesday, June 30, 2026. 0.51% above its 12-month average of 0.49.
Reported quarterly quick ratio; no daily interpolation. Q4 FY2026 (2026-06-30): 0.49.
QUICK RATIO (ACID-TEST)
0.49
QUICK RATIO (ACID-TEST) AVG TTM
0.49
QUICK RATIO (ACID-TEST) AVG 3Y
0.51
QUICK RATIO (ACID-TEST) AVG 5Y
0.52
QUICK RATIO (ACID-TEST) AVG 10Y
0.53
QUICK RATIO (ACID-TEST) AVG 15Y
0.58
QUICK RATIO (ACID-TEST) AVG 20Y
0.60
CURRENT VS TTM AVG
+0.51%
CURRENT VS 3Y AVG
-3.37%
CURRENT VS 5Y AVG
-6.07%
CURRENT VS 10Y AVG
-8.41%
CURRENT VS 15Y AVG
-15.24%
CURRENT VS 20Y AVG
-18.72%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 89 covered companies
CURRENT VS SECTOR MEDIAN
-59.61%
vs the sector median at left
Cardinal Health, Inc.
Market Cap
$55.01B
Quick Ratio (Acid-Test)
0.49
TTM Avg
0.49
3Y Avg
0.51
5Y Avg
0.52
Market Cap
$50.40B
Quick Ratio (Acid-Test)
0.51
TTM Avg
0.69
3Y Avg
0.70
5Y Avg
0.80
Market Cap
$49.24B
Quick Ratio (Acid-Test)
3.77
TTM Avg
3.27
3Y Avg
2.83
5Y Avg
2.71
Market Cap
$45.09B
Quick Ratio (Acid-Test)
0.67
TTM Avg
0.78
3Y Avg
0.74
5Y Avg
0.73
Market Cap
$43.73B
Quick Ratio (Acid-Test)
0.71
TTM Avg
0.79
3Y Avg
0.83
5Y Avg
0.90
Market Cap
$66.96B
Quick Ratio (Acid-Test)
0.74
TTM Avg
0.86
3Y Avg
0.89
5Y Avg
1.02
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cardinal Health, Inc. (CAH) | $55.01B | 0.49 | 0.49 | 0.51 | 0.52 |
| Moderna, Inc. (MRNA)vs › | $58.20B | 2.18 | 3.42 | 3.19 | 2.63 |
| Becton, Dickinson and Company (BDX)vs › | $50.40B | 0.51 | 0.69 | 0.70 | 0.80 |
| Edwards Lifesciences Corporation (EW)vs › | $49.24B | 3.77 | 3.27 | 2.83 | 2.71 |
| Humana Inc. (HUM)vs › | $48.93B | 1.74 | 0.58 | 0.57 | 0.58 |
| Cencora, Inc. (COR)vs › | $63.47B | 0.58 | 0.54 | 0.53 | 0.55 |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $45.09B | 0.67 | 0.78 | 0.74 | 0.73 |
| IQVIA Holdings Inc. (IQV)vs › | $43.73B | 0.71 | 0.79 | 0.83 | 0.90 |
| Boston Scientific Corporation (BSX)vs › | $66.96B | 0.74 | 0.86 | 0.89 | 1.02 |
| Agilent Technologies, Inc. (A)vs › | $41.46B | 1.56 | 1.54 | 1.63 | 1.68 |
Quick Ratio
0.49
Excludes inventory
Current Ratio
0.88
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 | 0.49 |
| 2026-03-31 | 0.48 |
| 2025-12-31 | 0.44 |
| 2025-09-30 | 0.52 |
| 2025-06-30 | 0.50 |
| 2025-03-31 | 0.50 |
| 2024-12-31 | 0.54 |
| 2024-09-30 | 0.50 |
| 2024-06-30 | 0.56 |
| 2024-03-31 | 0.51 |
| 2023-12-31 | 0.50 |
| 2023-09-30 | 0.50 |
| 2023-06-30 | 0.52 |
| 2023-03-31 | 0.52 |
| 2022-12-31 | 0.52 |
| 2022-09-30 | 0.53 |
| 2022-06-30 | 0.57 |
| 2022-03-31 | 0.54 |
| 2021-12-31 | 0.61 |
| 2021-09-30 | 0.57 |
| 2021-06-30 | 0.60 |
| 2021-03-31 | 0.63 |
| 2020-12-31 | 0.61 |
| 2020-09-30 | 0.57 |
| 2020-06-30 | 0.54 |
| 2020-03-31 | 0.53 |
| 2019-12-31 | 0.48 |
| 2019-09-30 | 0.50 |
| 2019-06-30 | 0.54 |
| 2019-03-31 | 0.54 |
| 2018-12-31 | 0.51 |
| 2018-09-30 | 0.52 |
| 2018-06-30 | 0.53 |
| 2018-03-31 | 0.54 |
| 2017-12-31 | 0.57 |
| 2017-09-30 | 0.52 |
| 2017-06-30 | 0.80 |
| 2017-03-31 | 0.54 |
| 2016-12-31 | 0.53 |
| 2016-09-30 | 0.57 |
| 2016-06-30 | 0.58 |
| 2016-03-31 | 0.59 |
| 2015-12-31 | 0.57 |
| 2015-09-30 | 0.64 |
| 2015-06-30 | 0.73 |
| 2015-03-31 | 0.64 |
| 2014-12-31 | 0.61 |
| 2014-09-30 | 0.64 |
| 2014-06-30 | 0.64 |
| 2014-03-31 | 0.68 |
| 2013-12-31 | 0.66 |
| 2013-09-30 | 0.70 |
| 2013-06-30 | 0.64 |
| 2013-03-31 | 0.66 |
| 2012-12-31 | 0.66 |
| 2012-09-30 | 0.68 |
| 2012-06-30 | 0.68 |
| 2012-03-31 | 0.66 |
| 2011-12-31 | 0.61 |
| 2011-09-30 | 0.67 |
| 2011-06-30 | 0.67 |
| 2011-03-31 | 0.65 |
| 2010-12-31 | 0.58 |
| 2010-09-30 | 0.71 |
| 2010-06-30 | 0.74 |
| 2010-03-31 | 0.70 |
| 2009-12-31 | 0.61 |
| 2009-09-30 | 0.68 |
| 2009-06-30 | 1.15 |
| 2009-03-31 | 0.69 |
| 2008-12-31 | 0.60 |
| 2008-09-30 | 0.66 |
| 2008-06-30 | 0.72 |
| 2008-03-31 | 0.69 |
| 2007-12-31 | 0.62 |
| 2007-09-30 | 0.65 |
| 2007-06-30 | 0.62 |
| 2007-03-31 | 0.76 |
| 2006-12-31 | 0.84 |
| 2006-09-30 | 0.62 |
| 2006-06-30 | 0.78 |
| 2006-03-31 | 0.66 |
| 2005-12-31 | 0.67 |
| 2005-09-30 | 0.65 |
| 2005-06-30 | 0.63 |
| 2005-03-31 | 0.59 |
| 2004-12-31 | 0.53 |
| 2004-09-30 | 0.56 |
| 2004-06-30 | 0.60 |
| 2004-03-31 | 0.59 |
| 2003-12-31 | 0.59 |
| 2003-09-30 | 0.63 |
| 2003-06-30 | 0.77 |
| 2003-03-31 | 0.56 |
| 2002-12-31 | 0.60 |
| 2002-09-30 | 0.66 |
