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 1.40 is in line with its 5-year average of 1.32, near the low end of its 5-year range (0.72–5.64).
As of the fiscal period ended Sunday, June 28, 2026. 0.38% below its 12-month average of 1.40.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-28): 1.40.
QUICK RATIO (ACID-TEST)
1.40
QUICK RATIO (ACID-TEST) AVG TTM
1.40
QUICK RATIO (ACID-TEST) AVG 3Y
1.33
QUICK RATIO (ACID-TEST) AVG 5Y
1.32
QUICK RATIO (ACID-TEST) AVG 10Y
2.56
QUICK RATIO (ACID-TEST) AVG 15Y
2.94
QUICK RATIO (ACID-TEST) AVG 20Y
2.98
CURRENT VS TTM AVG
-0.38%
CURRENT VS 3Y AVG
+5.46%
CURRENT VS 5Y AVG
+5.84%
CURRENT VS 10Y AVG
-45.49%
CURRENT VS 15Y AVG
-52.51%
CURRENT VS 20Y AVG
-53.14%
SECTOR MEDIAN · HEALTHCARE
1.28
median of 97 covered companies
CURRENT VS SECTOR MEDIAN
+9.17%
vs the sector median at left
Illumina, Inc.
Market Cap
$41.31B
Quick Ratio (Acid-Test)
1.40
TTM Avg
1.40
3Y Avg
1.33
5Y Avg
1.32
Market Cap
$40.89B
Quick Ratio (Acid-Test)
0.87
TTM Avg
0.90
3Y Avg
0.89
5Y Avg
0.98
Market Cap
$41.75B
Quick Ratio (Acid-Test)
1.29
TTM Avg
1.39
3Y Avg
1.50
5Y Avg
1.54
Market Cap
$42.50B
Quick Ratio (Acid-Test)
0.71
TTM Avg
0.79
3Y Avg
0.83
5Y Avg
0.90
Market Cap
$46.04B
Quick Ratio (Acid-Test)
0.67
TTM Avg
0.78
3Y Avg
0.74
5Y Avg
0.73
Market Cap
$47.38B
Quick Ratio (Acid-Test)
1.56
TTM Avg
1.54
3Y Avg
1.63
5Y Avg
1.68
Market Cap
$48.72B
Quick Ratio (Acid-Test)
0.51
TTM Avg
0.69
3Y Avg
0.70
5Y Avg
0.80
Market Cap
$49.03B
Quick Ratio (Acid-Test)
3.77
TTM Avg
3.27
3Y Avg
2.83
5Y Avg
2.71
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Illumina, Inc. (ILMN) | $41.31B | 1.40 | 1.40 | 1.33 | 1.32 |
| IDEXX Laboratories, Inc. (IDXX)vs › | $40.89B | 0.87 | 0.90 | 0.89 | 0.98 |
| Waters Corporation (WAT)vs › | $41.75B | 1.29 | 1.39 | 1.50 | 1.54 |
| IQVIA Holdings Inc. (IQV)vs › | $42.50B | 0.71 | 0.79 | 0.83 | 0.90 |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $46.04B | 0.67 | 0.78 | 0.74 | 0.73 |
| Humana Inc. (HUM)vs › | $46.63B | 1.74 | 0.58 | 0.57 | 0.58 |
| Agilent Technologies, Inc. (A)vs › | $47.38B | 1.56 | 1.54 | 1.63 | 1.68 |
| Becton, Dickinson and Company (BDX)vs › | $48.72B | 0.51 | 0.69 | 0.70 | 0.80 |
| Edwards Lifesciences Corporation (EW)vs › | $49.03B | 3.77 | 3.27 | 2.83 | 2.71 |
| Biogen Inc. (BIIB)vs › | $32.49B | 1.26 | 1.46 | 1.69 | 1.64 |
Quick Ratio
1.40
Excludes inventory
Current Ratio
1.80
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) |
|---|---|
| 2026-06-28 | 1.40 |
| 2026-03-29 | 1.36 |
| 2025-12-28 | 1.72 |
| 2025-09-28 | 1.12 |
| 2025-06-29 | 1.41 |
| 2025-03-30 | 1.48 |
| 2024-12-29 | 1.42 |
| 2024-09-29 | 1.85 |
| 2024-06-30 | 0.86 |
| 2024-03-31 | 1.36 |
| 2023-12-31 | 1.29 |
| 2023-10-01 | 1.28 |
| 2023-07-02 | 1.13 |
| 2023-04-02 | 1.16 |
| 2022-12-31 | 1.08 |
| 2022-10-02 | 0.72 |
| 2022-07-03 | 0.82 |
| 2022-04-03 | 1.54 |
| 2021-12-31 | 2.09 |
| 2021-10-03 | 2.24 |
| 2021-07-04 | 5.64 |
| 2021-04-04 | 4.16 |
| 2020-12-31 | 3.30 |
| 2020-09-27 | 3.51 |
| 2020-06-28 | 3.37 |
| 2020-03-29 | 3.74 |
| 2019-12-31 | 6.15 |
| 2019-09-29 | 6.15 |
| 2019-06-30 | 6.10 |
| 2019-03-31 | 3.33 |
| 2018-12-31 | 2.27 |
| 2018-09-30 | 2.24 |
| 2018-07-01 | 2.44 |
| 2018-04-01 | 2.41 |
| 2017-12-31 | 3.55 |
| 2017-10-01 | 3.73 |
| 2017-07-02 | 3.42 |
| 2017-04-02 | 3.10 |
| 2016-12-31 | 2.86 |
| 2016-10-02 | 3.13 |
| 2016-07-03 | 3.15 |
| 2016-04-03 | 3.71 |
| 2015-12-31 | 2.99 |
| 2015-09-27 | 3.39 |
| 2015-06-28 | 2.78 |
| 2015-03-29 | 2.61 |
| 2014-12-31 | 2.35 |
| 2014-09-28 | 1.99 |
| 2014-06-29 | 2.22 |
| 2014-03-30 | 1.28 |
| 2013-12-31 | 4.54 |
| 2013-09-29 | 3.29 |
| 2013-06-30 | 3.53 |
| 2013-03-31 | 3.37 |
| 2012-12-31 | 5.35 |
| 2012-09-30 | 4.94 |
| 2012-07-01 | 5.12 |
| 2012-04-01 | 5.15 |
| 2011-12-31 | 5.96 |
| 2011-10-02 | 4.59 |
| 2011-07-03 | 5.21 |
| 2011-04-03 | 3.94 |
| 2010-12-31 | 2.09 |
| 2010-10-03 | 2.02 |
| 2010-07-04 | 2.01 |
| 2010-04-04 | 2.11 |
| 2009-12-31 | 2.01 |
| 2009-09-27 | 2.30 |
| 2009-06-28 | 2.25 |
| 2009-03-29 | 2.16 |
| 2008-12-31 | 1.55 |
| 2008-09-28 | 1.63 |
| 2008-06-29 | 0.90 |
| 2008-03-30 | 0.87 |
| 2007-12-31 | 3.07 |
| 2007-09-30 | 5.59 |
| 2007-07-01 | 5.34 |
| 2007-04-01 | 5.82 |
| 2006-12-31 | 5.14 |
| 2006-10-01 | 6.02 |
| 2006-07-02 | 5.22 |
| 2006-04-02 | 2.90 |
| 2005-12-31 | 3.20 |
| 2005-10-02 | 3.50 |
| 2005-07-03 | 4.50 |
| 2005-04-03 | 4.84 |
| 2004-12-31 | 4.19 |
| 2004-10-03 | 3.95 |
| 2004-06-27 | 3.72 |
| 2004-03-28 | 3.84 |
| 2003-12-31 | 4.69 |
| 2003-09-28 | 2.78 |
| 2003-06-29 | 3.67 |
| 2003-03-30 | 4.08 |
| 2002-12-31 | 4.93 |
| 2002-09-29 | 5.63 |