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 11.82 is 37% below its 5-year average of 18.66, near the low end of its 5-year range (8.84–31.77).
As of the fiscal period ended Tuesday, June 30, 2026. 7.51% below its 12-month average of 12.78.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 11.82.
QUICK RATIO (ACID-TEST)
11.82
QUICK RATIO (ACID-TEST) AVG TTM
12.78
QUICK RATIO (ACID-TEST) AVG 3Y
17.66
QUICK RATIO (ACID-TEST) AVG 5Y
18.66
QUICK RATIO (ACID-TEST) AVG 10Y
13.70
QUICK RATIO (ACID-TEST) AVG 15Y
12.08
QUICK RATIO (ACID-TEST) AVG 20Y
9.22
CURRENT VS TTM AVG
-7.51%
CURRENT VS 3Y AVG
-33.04%
CURRENT VS 5Y AVG
-36.64%
CURRENT VS 10Y AVG
-13.68%
CURRENT VS 15Y AVG
-2.15%
CURRENT VS 20Y AVG
+28.26%
SECTOR MEDIAN · HEALTHCARE
3.30
median of 824 covered companies
CURRENT VS SECTOR MEDIAN
+258.22%
vs the sector median at left
Celldex Therapeutics, Inc.
Market Cap
$2.06B
Quick Ratio (Acid-Test)
11.82
TTM Avg
12.78
3Y Avg
17.66
5Y Avg
18.66
Market Cap
$2.04B
Quick Ratio (Acid-Test)
0.96
TTM Avg
0.99
3Y Avg
1.34
5Y Avg
1.34
Market Cap
$2.03B
Quick Ratio (Acid-Test)
2.29
TTM Avg
2.30
3Y Avg
3.09
5Y Avg
3.45
Market Cap
$2.09B
Quick Ratio (Acid-Test)
18.83
TTM Avg
6.22
3Y Avg
3.45
5Y Avg
3.57
Market Cap
$2.11B
Quick Ratio (Acid-Test)
1.69
TTM Avg
1.73
3Y Avg
1.64
5Y Avg
1.89
Market Cap
$2.01B
Quick Ratio (Acid-Test)
4.97
TTM Avg
4.46
3Y Avg
5.74
5Y Avg
7.97
Market Cap
$1.98B
Quick Ratio (Acid-Test)
6.16
TTM Avg
5.39
3Y Avg
6.60
5Y Avg
7.52
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Celldex Therapeutics, Inc. (CLDX) | $2.06B | 11.82 | 12.78 | 17.66 | 18.66 |
| Fortrea Holdings Inc. (FTRE)vs › | $2.04B | 0.96 | 0.99 | 1.34 | 1.34 |
| Alvotech (ALVO)vs › | $2.05B | 0.96 | 1.42 | 1.06 | 1.08 |
| Progyny, Inc. (PGNY)vs › | $2.04B | 2.14 | 2.76 | 2.92 | 2.79 |
| BioCryst Pharmaceuticals, Inc. (BCRX)vs › | $2.03B | 2.29 | 2.30 | 3.09 | 3.45 |
| SELLAS Life Sciences Group, Inc. (SLS)vs › | $2.09B | 18.83 | 6.22 | 3.45 | 3.57 |
| Addus HomeCare Corporation (ADUS)vs › | $2.11B | 1.69 | 1.73 | 1.64 | 1.89 |
| Aurinia Pharmaceuticals Inc. (AUPH)vs › | $2.01B | 4.97 | 4.46 | 5.74 | 7.97 |
| Inspire Medical Systems, Inc. (INSP)vs › | $1.98B | 6.16 | 5.39 | 6.60 | 7.52 |
| Pharvaris N.V. (PHVS)vs › | $2.15B | 11.94 | 11.36 | 14.72 | 18.03 |
Quick Ratio
11.82
Excludes inventory
Current Ratio
11.82
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 | 11.82 |
| 2026-03-31 | 8.92 |
| 2025-12-31 | 10.49 |
| 2025-09-30 | 13.01 |
| 2025-06-30 | 19.67 |
| 2025-03-31 | 21.67 |
| 2024-12-31 | 18.91 |
| 2024-09-30 | 24.27 |
| 2024-06-30 | 29.36 |
| 2024-03-31 | 31.77 |
| 2023-12-31 | 13.87 |
| 2023-09-30 | 8.84 |
| 2023-06-30 | 16.93 |
| 2023-03-31 | 19.03 |
| 2022-12-31 | 17.07 |
| 2022-09-30 | 20.54 |
| 2022-06-30 | 12.29 |
| 2022-03-31 | 26.83 |
| 2021-12-31 | 24.86 |
| 2021-09-30 | 30.09 |
| 2021-06-30 | 11.57 |
| 2021-03-31 | 10.69 |
| 2020-12-31 | 13.93 |
| 2020-09-30 | 16.63 |
| 2020-06-30 | 19.28 |
| 2020-03-31 | 5.12 |
| 2019-12-31 | 5.73 |
| 2019-09-30 | 6.32 |
| 2019-06-30 | 7.33 |
| 2019-03-31 | 7.41 |
| 2018-12-31 | 7.86 |
| 2018-09-30 | 6.59 |
| 2018-06-30 | 6.02 |
| 2018-03-31 | 5.45 |
| 2017-12-31 | 5.22 |
| 2017-09-30 | 5.91 |
| 2017-06-30 | 5.56 |
| 2017-03-31 | 6.42 |
| 2016-12-31 | 5.55 |
| 2016-09-30 | 11.26 |
| 2016-06-30 | 11.44 |
| 2016-03-31 | 10.31 |
| 2015-12-31 | 9.79 |
| 2015-09-30 | 13.08 |
| 2015-06-30 | 12.72 |
| 2015-03-31 | 17.25 |
| 2014-12-31 | 8.39 |
| 2014-09-30 | 10.63 |
| 2014-06-30 | 12.08 |
| 2014-03-31 | 14.19 |
| 2013-12-31 | 15.00 |
| 2013-09-30 | 8.33 |
| 2013-06-30 | 12.51 |
| 2013-03-31 | 10.07 |
| 2012-12-31 | 4.82 |
| 2012-09-30 | 5.21 |
| 2012-06-30 | 6.39 |
| 2012-03-31 | 7.51 |
| 2011-12-31 | 3.82 |
| 2011-09-30 | 5.97 |
| 2011-06-30 | 7.04 |
| 2011-03-31 | 5.18 |
| 2010-12-31 | 3.11 |
| 2010-09-30 | 2.54 |
| 2010-06-30 | 2.88 |
| 2010-03-31 | 3.15 |
| 2009-12-31 | 5.83 |
| 2009-09-30 | 1.99 |
| 2009-06-30 | 2.61 |
| 2009-03-31 | 2.98 |
| 2008-12-31 | 3.34 |
| 2008-09-30 | 3.02 |
| 2008-06-30 | 3.42 |
| 2008-03-31 | 1.98 |
| 2007-12-31 | 1.67 |
| 2007-09-30 | 2.44 |
| 2007-06-30 | 3.23 |
| 2007-03-31 | 3.32 |
| 2006-12-31 | 4.20 |
| 2006-09-30 | 5.85 |
| 2006-06-30 | 8.34 |
| 2006-03-31 | 9.40 |
| 2005-12-31 | 6.66 |
| 2005-09-30 | 7.97 |
| 2005-06-30 | 9.25 |
| 2005-03-31 | 6.28 |
| 2004-12-31 | 6.34 |
| 2004-09-30 | 9.60 |
| 2004-06-30 | 12.07 |
| 2004-03-31 | 14.77 |
| 2003-12-31 | 6.59 |
| 2003-09-30 | 7.83 |
| 2003-06-30 | 4.67 |
| 2003-03-31 | 5.52 |
| 2002-12-31 | 7.53 |
| 2002-09-30 | 8.04 |