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 4.58 is 38% above its 5-year average of 3.33, near the high end of its 5-year range (1.82–4.58).
As of the fiscal period ended Tuesday, June 30, 2026. 31.93% above its 12-month average of 3.47.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
4.58
QUICK RATIO (ACID-TEST) AVG TTM
3.47
QUICK RATIO (ACID-TEST) AVG 3Y
3.06
QUICK RATIO (ACID-TEST) AVG 5Y
3.66
QUICK RATIO (ACID-TEST) AVG 10Y
3.68
QUICK RATIO (ACID-TEST) AVG 15Y
3.61
QUICK RATIO (ACID-TEST) AVG 20Y
3.78
CURRENT VS TTM AVG
+31.93%
CURRENT VS 3Y AVG
+49.82%
CURRENT VS 5Y AVG
+24.98%
CURRENT VS 10Y AVG
+24.40%
CURRENT VS 15Y AVG
+26.97%
CURRENT VS 20Y AVG
+21.25%
SECTOR MEDIAN · HEALTHCARE
1.25
median of 69 covered companies
CURRENT VS SECTOR MEDIAN
+266.19%
vs the sector median at left
Incyte Corporation
Market Cap
$24.28B
Quick Ratio (Acid-Test)
4.58
TTM Avg
3.47
3Y Avg
3.06
5Y Avg
3.66
Market Cap
$24.72B
Quick Ratio (Acid-Test)
2.12
TTM Avg
2.22
3Y Avg
2.40
5Y Avg
2.33
Market Cap
$25.74B
Quick Ratio (Acid-Test)
1.53
TTM Avg
1.27
3Y Avg
1.23
5Y Avg
1.37
Market Cap
$26.03B
Quick Ratio (Acid-Test)
1.46
TTM Avg
0.99
3Y Avg
1.07
5Y Avg
1.22
Market Cap
$26.07B
Quick Ratio (Acid-Test)
N/A
TTM Avg
1.39
3Y Avg
1.50
5Y Avg
1.54
Market Cap
$22.03B
Quick Ratio (Acid-Test)
5.41
TTM Avg
5.66
3Y Avg
6.29
5Y Avg
6.48
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Incyte Corporation (INCY) | $24.28B | 4.58 | 3.47 | 3.06 | 3.66 |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.72B | 2.12 | 2.22 | 2.40 | 2.33 |
| BioNTech SE (BNTX)vs › | $23.16B | 8.74 | 7.42 | 7.84 | 6.36 |
| Labcorp Holdings Inc. (LH)vs › | $25.74B | 1.53 | 1.27 | 1.23 | 1.37 |
| STERIS plc (STE)vs › | $22.68B | 1.54 | 1.46 | 1.73 | 1.65 |
| Quest Diagnostics Incorporated (DGX)vs › | $26.03B | 1.46 | 0.99 | 1.07 | 1.22 |
| Waters Corporation (WAT)vs › | $26.07B | N/A | 1.39 | 1.50 | 1.54 |
| Moderna, Inc. (MRNA)vs › | $22.32B | 2.18 | 3.42 | 3.19 | 2.63 |
| United Therapeutics Corporation (UTHR)vs › | $22.03B | 5.41 | 5.66 | 6.29 | 6.48 |
| Viatris Inc. (VTRS)vs › | $20.55B | 1.03 | 0.86 | 1.00 | 0.90 |
Quick Ratio
4.58
Excludes inventory
Current Ratio
4.66
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 | 4.58 |
| 2026-03-31 | 3.60 |
| 2025-12-31 | 3.25 |
| 2025-09-30 | 3.13 |
| 2025-06-30 | 2.78 |
| 2025-03-31 | 2.00 |
| 2024-12-31 | 1.94 |
| 2024-09-30 | 1.82 |
| 2024-06-30 | 1.84 |
| 2024-03-31 | 3.43 |
| 2023-12-31 | 3.69 |
| 2023-09-30 | 3.86 |
| 2023-06-30 | 3.78 |
| 2023-03-31 | 3.91 |
| 2022-12-31 | 3.50 |
| 2022-09-30 | 3.75 |
| 2022-06-30 | 3.85 |
| 2022-03-31 | 3.67 |
| 2021-12-31 | 3.62 |
| 2021-09-30 | 3.91 |
| 2021-06-30 | 3.94 |
| 2021-03-31 | 3.90 |
| 2020-12-31 | 3.71 |
| 2020-09-30 | 3.53 |
| 2020-06-30 | 3.70 |
| 2020-03-31 | 3.38 |
| 2019-12-31 | 4.81 |
| 2019-09-30 | 5.01 |
| 2019-06-30 | 5.59 |
| 2019-03-31 | 5.21 |
| 2018-12-31 | 4.29 |
| 2018-09-30 | 4.01 |
| 2018-06-30 | 4.32 |
| 2018-03-31 | 3.84 |
| 2017-12-31 | 3.99 |
| 2017-09-30 | 4.81 |
| 2017-06-30 | 2.87 |
| 2017-03-31 | 2.68 |
| 2016-12-31 | 3.62 |
| 2016-09-30 | 3.67 |
| 2016-06-30 | 3.95 |
| 2016-03-31 | 4.66 |
| 2015-12-31 | 5.00 |
| 2015-09-30 | 4.85 |
| 2015-06-30 | 3.80 |
| 2015-03-31 | 3.06 |
| 2014-12-31 | 3.07 |
| 2014-09-30 | 5.31 |
| 2014-06-30 | 5.13 |
| 2014-03-31 | 5.43 |
| 2013-12-31 | 5.14 |
| 2013-09-30 | 3.04 |
| 2013-06-30 | 3.04 |
| 2013-03-31 | 2.55 |
| 2012-12-31 | 2.27 |
| 2012-09-30 | 2.02 |
| 2012-06-30 | 2.10 |
| 2012-03-31 | 1.94 |
| 2011-12-31 | 2.29 |
| 2011-09-30 | 2.86 |
| 2011-06-30 | 3.54 |
| 2011-03-31 | 3.87 |
| 2010-12-31 | 4.01 |
| 2010-09-30 | 3.60 |
| 2010-06-30 | 4.07 |
| 2010-03-31 | 3.82 |
| 2009-12-31 | 4.94 |
| 2009-09-30 | 9.09 |
| 2009-06-30 | 3.22 |
| 2009-03-31 | 3.93 |
| 2008-12-31 | 4.08 |
| 2008-09-30 | 6.30 |
| 2008-06-30 | 4.66 |
| 2008-03-31 | 6.63 |
| 2007-12-31 | 7.23 |
| 2007-09-30 | 8.15 |
| 2007-06-30 | 7.55 |
| 2007-03-31 | 7.58 |
| 2006-12-31 | 6.64 |
| 2006-09-30 | 3.16 |
| 2006-06-30 | 2.10 |
| 2006-03-31 | 2.35 |
| 2005-12-31 | 12.71 |
| 2005-09-30 | 13.59 |
| 2005-06-30 | 15.09 |
| 2005-03-31 | 21.14 |
| 2004-12-31 | 15.29 |
| 2004-09-30 | 6.91 |
| 2004-06-30 | 7.12 |
| 2004-03-31 | 10.95 |
| 2003-12-31 | 7.40 |
| 2003-09-30 | 6.32 |
| 2003-06-30 | 6.18 |
| 2003-03-31 | 6.60 |
| 2002-12-31 | 5.90 |
| 2002-09-30 | 8.10 |
