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 1.12 is in line with its 5-year average of 1.13, near the low end of its 5-year range (1.05–1.68).
As of the fiscal period ended Tuesday, March 31, 2026. 7.81% below its 12-month average of 1.22.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.12
QUICK RATIO (ACID-TEST) AVG TTM
1.22
QUICK RATIO (ACID-TEST) AVG 3Y
1.10
QUICK RATIO (ACID-TEST) AVG 5Y
1.10
QUICK RATIO (ACID-TEST) AVG 10Y
1.08
QUICK RATIO (ACID-TEST) AVG 15Y
1.07
QUICK RATIO (ACID-TEST) AVG 20Y
1.06
CURRENT VS TTM AVG
-7.81%
CURRENT VS 3Y AVG
+1.78%
CURRENT VS 5Y AVG
+1.82%
CURRENT VS 10Y AVG
+4.05%
CURRENT VS 15Y AVG
+5.21%
CURRENT VS 20Y AVG
+6.30%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-7.15%
vs the sector median at left
Market Cap
$34.72B
Quick Ratio (Acid-Test)
0.75
TTM Avg
0.79
3Y Avg
0.83
5Y Avg
0.90
Market Cap
$27.56B
Quick Ratio (Acid-Test)
0.93
TTM Avg
0.86
3Y Avg
0.82
5Y Avg
0.76
Market Cap
$26.82B
Quick Ratio (Acid-Test)
0.81
TTM Avg
0.77
3Y Avg
0.77
5Y Avg
0.79
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Centene Corp. (CNC) | $31.31B | 1.12 | 1.22 | 1.10 | 1.10 |
| Zoetis Inc. (ZTS)vs › | $31.59B | 1.94 | 1.51 | 1.66 | 1.96 |
| Biogen Inc. (BIIB)vs › | $29.85B | 2.03 | 1.46 | 1.69 | 1.64 |
| Medline Inc. (MDLN)vs › | $32.77B | 2.37 | 1.97 | 2.09 | 2.09 |
| ResMed Inc. (RMD)vs › | $28.33B | 2.53 | 2.11 | 1.94 | 1.80 |
| IQVIA Holdings Inc. (IQV)vs › | $34.72B | 0.75 | 0.79 | 0.83 | 0.90 |
| DexCom, Inc. (DXCM)vs › | $27.61B | 1.59 | 1.44 | 1.80 | 2.83 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $27.56B | 0.93 | 0.86 | 0.82 | 0.76 |
| Mettler-Toledo International Inc. (MTD)vs › | $26.82B | 0.81 | 0.77 | 0.77 | 0.79 |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $36.28B | 2.71 | 2.71 | 2.94 | 3.33 |
Quick Ratio
1.12
Excludes inventory
Current Ratio
1.68
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) |
|---|---|
| 2026-03-31 | 1.12 |
| 2025-12-31 | 1.68 |
| 2025-09-30 | 1.08 |
| 2025-06-30 | 1.10 |
| 2025-03-31 | 1.11 |
| 2024-12-31 | 1.11 |
| 2024-09-30 | 1.10 |
| 2024-06-30 | 1.17 |
| 2024-03-31 | 1.17 |
| 2023-12-31 | 1.11 |
| 2023-09-30 | 1.12 |
| 2023-06-30 | 1.11 |
| 2023-03-31 | 1.07 |
| 2022-12-31 | 1.06 |
| 2022-09-30 | 1.06 |
| 2022-06-30 | 1.11 |
| 2022-03-31 | 1.05 |
| 2021-12-31 | 1.11 |
| 2021-09-30 | 1.12 |
| 2021-06-30 | 1.08 |
| 2021-03-31 | 1.10 |
| 2020-12-31 | 1.08 |
| 2020-09-30 | 1.25 |
| 2020-06-30 | 1.22 |
| 2020-03-31 | 1.14 |
| 2019-12-31 | 1.57 |
| 2019-09-30 | 1.01 |
| 2019-06-30 | 1.07 |
| 2019-03-31 | 1.04 |
| 2018-12-31 | 1.00 |
| 2018-09-30 | 1.03 |
| 2018-06-30 | 1.26 |
| 2018-03-31 | 1.01 |
| 2017-12-31 | 0.93 |
| 2017-09-30 | 0.99 |
| 2017-06-30 | 1.08 |
| 2017-03-31 | 1.02 |
| 2016-12-31 | 0.97 |
| 2016-09-30 | 0.86 |
| 2016-06-30 | 0.89 |
| 2016-03-31 | 0.96 |
| 2015-12-31 | 0.99 |
| 2015-09-30 | 1.01 |
| 2015-06-30 | 1.11 |
| 2015-03-31 | 1.07 |
| 2014-12-31 | 1.04 |
| 2014-09-30 | 1.05 |
| 2014-06-30 | 1.09 |
| 2014-03-31 | 1.12 |
| 2013-12-31 | 1.15 |
| 2013-09-30 | 0.99 |
| 2013-06-30 | 1.02 |
| 2013-03-31 | 1.05 |
| 2012-12-31 | 1.15 |
| 2012-09-30 | 1.08 |
| 2012-06-30 | 1.04 |
| 2012-03-31 | 1.04 |
| 2011-12-31 | 1.12 |
| 2011-09-30 | 1.05 |
| 2011-06-30 | 1.03 |
| 2011-03-31 | 0.91 |
| 2010-12-31 | 0.86 |
| 2010-09-30 | 1.02 |
| 2010-06-30 | 0.86 |
| 2010-03-31 | 0.83 |
| 2009-12-31 | 0.86 |
| 2009-09-30 | 0.87 |
| 2009-06-30 | 1.03 |
| 2009-03-31 | 0.94 |
| 2008-12-31 | 1.04 |
| 2008-09-30 | 1.06 |
| 2008-06-30 | 1.12 |
| 2008-03-31 | 0.95 |
| 2007-12-31 | 0.92 |
| 2007-09-30 | 0.97 |
| 2007-06-30 | 0.98 |
| 2007-03-31 | 1.23 |
| 2006-12-31 | 1.16 |
| 2006-09-30 | 1.12 |
| 2006-06-30 | 1.27 |
| 2006-03-31 | 1.20 |
| 2005-12-31 | 1.27 |
| 2005-09-30 | 1.17 |
| 2005-06-30 | 1.12 |
| 2005-03-31 | 1.12 |
| 2004-12-31 | 1.11 |
| 2004-09-30 | 1.10 |
| 2004-06-30 | 1.05 |
| 2004-03-31 | 0.82 |
| 2003-12-31 | 0.68 |
| 2003-09-30 | 0.76 |
| 2003-06-30 | 0.79 |
| 2003-03-31 | 0.87 |
| 2002-12-31 | 0.89 |
| 2002-09-30 | 1.08 |
| 2002-06-30 | 0.91 |
