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 15.18 is 81% above its 5-year average of 8.38, near the low end of its 5-year range (1.64–75.82).
As of the fiscal period ended Tuesday, June 30, 2026. 16.98% above its 12-month average of 12.98.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 15.18.
QUICK RATIO (ACID-TEST)
15.18
QUICK RATIO (ACID-TEST) AVG TTM
12.98
QUICK RATIO (ACID-TEST) AVG 3Y
8.76
QUICK RATIO (ACID-TEST) AVG 5Y
8.38
QUICK RATIO (ACID-TEST) AVG 10Y
21.87
QUICK RATIO (ACID-TEST) AVG 15Y
13.19
QUICK RATIO (ACID-TEST) AVG 20Y
9.79
CURRENT VS TTM AVG
+16.98%
CURRENT VS 3Y AVG
+73.27%
CURRENT VS 5Y AVG
+81.12%
CURRENT VS 10Y AVG
-30.59%
CURRENT VS 15Y AVG
+15.05%
CURRENT VS 20Y AVG
+54.99%
SECTOR MEDIAN · HEALTHCARE
3.19
median of 761 covered companies
CURRENT VS SECTOR MEDIAN
+375.84%
vs the sector median at left
Innoviva, Inc.
Market Cap
$1.54B
Quick Ratio (Acid-Test)
15.18
TTM Avg
12.98
3Y Avg
8.76
5Y Avg
8.38
Market Cap
$1.54B
Quick Ratio (Acid-Test)
10.01
TTM Avg
10.09
3Y Avg
8.76
5Y Avg
10.27
Market Cap
$1.54B
Quick Ratio (Acid-Test)
4.96
TTM Avg
2.73
3Y Avg
2.17
5Y Avg
2.82
Market Cap
$1.56B
Quick Ratio (Acid-Test)
6.44
TTM Avg
4.97
3Y Avg
9.20
5Y Avg
12.38
Market Cap
$1.50B
Quick Ratio (Acid-Test)
1.30
TTM Avg
1.23
3Y Avg
1.77
5Y Avg
3.05
Market Cap
$1.49B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.26
3Y Avg
1.48
5Y Avg
1.54
Market Cap
$1.49B
Quick Ratio (Acid-Test)
15.72
TTM Avg
30.76
3Y Avg
24.36
5Y Avg
24.36
Market Cap
$1.48B
Quick Ratio (Acid-Test)
28.70
TTM Avg
25.68
3Y Avg
28.23
5Y Avg
39.61
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Innoviva, Inc. (INVA) | $1.54B | 15.18 | 12.98 | 8.76 | 8.38 |
| uniQure N.V. (QURE)vs › | $1.54B | 10.01 | 10.09 | 8.76 | 10.27 |
| Nutex Health, Inc. (NUTX)vs › | $1.54B | 4.96 | 2.73 | 2.17 | 2.82 |
| Syndax Pharmaceuticals, Inc. (SNDX)vs › | $1.56B | 6.44 | 4.97 | 9.20 | 12.38 |
| Eton Pharmaceuticals, Inc. (ETON)vs › | $1.50B | 1.30 | 1.23 | 1.77 | 3.05 |
| Phibro Animal Health Corporation (PAHC)vs › | $1.49B | 1.27 | 1.26 | 1.48 | 1.54 |
| Omnicell, Inc. (OMCL)vs › | $1.60B | 1.43 | 1.22 | 1.59 | 1.63 |
| Rapport Therapeutics, Inc. Common Stock (RAPP)vs › | $1.49B | 15.72 | 30.76 | 24.36 | 24.36 |
| GH Research PLC (GHRS)vs › | $1.48B | 28.70 | 25.68 | 28.23 | 39.61 |
| Kestra Medical Technologies, Ltd. (KMTS)vs › | $1.61B | 4.69 | 5.42 | 2.91 | 3.12 |
Quick Ratio
15.18
Excludes inventory
Current Ratio
16.01
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 | 15.18 |
| 2026-03-31 | 20.07 |
| 2025-12-31 | 13.85 |
| 2025-09-30 | 13.33 |
| 2025-06-30 | 2.44 |
| 2025-03-31 | 2.30 |
| 2024-12-31 | 2.21 |
| 2024-09-30 | 1.64 |
| 2024-06-30 | 11.40 |
| 2024-03-31 | 9.17 |
| 2023-12-31 | 7.96 |
| 2023-09-30 | 7.31 |
| 2023-06-30 | 7.02 |
| 2023-03-31 | 6.47 |
| 2022-12-31 | 2.87 |
| 2022-09-30 | 2.34 |
| 2022-06-30 | 3.15 |
| 2022-03-31 | 2.91 |
| 2021-12-31 | 54.02 |
| 2021-09-30 | 75.82 |
| 2021-06-30 | 27.60 |
| 2021-03-31 | 98.04 |
| 2020-12-31 | 55.98 |
| 2020-09-30 | 146.75 |
| 2020-06-30 | 92.39 |
| 2020-03-31 | 166.87 |
| 2019-12-31 | 80.29 |
| 2019-09-30 | 110.18 |
| 2019-06-30 | 42.50 |
| 2019-03-31 | 66.02 |
| 2018-12-31 | 34.92 |
| 2018-09-30 | 28.18 |
| 2018-06-30 | 26.36 |
| 2018-03-31 | 27.85 |
| 2017-12-31 | 5.77 |
| 2017-09-30 | 6.71 |
| 2017-06-30 | 7.31 |
| 2017-03-31 | 10.47 |
| 2016-12-31 | 9.88 |
| 2016-09-30 | 12.47 |
| 2016-06-30 | 13.02 |
| 2016-03-31 | 18.52 |
| 2015-12-31 | 15.89 |
| 2015-09-30 | 19.84 |
| 2015-06-30 | 19.97 |
| 2015-03-31 | 23.90 |
| 2014-12-31 | 18.33 |
| 2014-09-30 | 7.42 |
| 2014-06-30 | 6.78 |
| 2014-03-31 | 8.57 |
| 2013-12-31 | 5.60 |
| 2013-09-30 | 13.28 |
| 2013-06-30 | 11.62 |
| 2013-03-31 | 15.83 |
| 2012-12-31 | 8.46 |
| 2012-09-30 | 10.24 |
| 2012-06-30 | 14.83 |
| 2012-03-31 | 7.99 |
| 2011-12-31 | 5.38 |
| 2011-09-30 | 6.76 |
| 2011-06-30 | 8.20 |
| 2011-03-31 | 8.99 |
| 2010-12-31 | 7.90 |
| 2010-09-30 | 5.43 |
| 2010-06-30 | 6.01 |
| 2010-03-31 | 6.53 |
| 2009-12-31 | 4.16 |
| 2009-09-30 | 4.14 |
| 2009-06-30 | 4.57 |
| 2009-03-31 | 5.08 |
| 2008-12-31 | 4.78 |
| 2008-09-30 | 5.21 |
| 2008-06-30 | 5.03 |
| 2008-03-31 | 5.40 |
| 2007-12-31 | 2.41 |
| 2007-09-30 | 2.53 |
| 2007-06-30 | 2.62 |
| 2007-03-31 | 3.03 |
| 2006-12-31 | 3.48 |
| 2006-09-30 | 4.15 |
| 2006-06-30 | 4.58 |
| 2006-03-31 | 4.95 |
| 2005-12-31 | 3.46 |
| 2005-09-30 | 4.38 |
| 2005-06-30 | 5.56 |
| 2005-03-31 | 6.62 |
| 2004-12-31 | 7.55 |
| 2004-09-30 | 5.47 |
| 2004-06-30 | 6.46 |
