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 1.54 is in line with its 5-year average of 1.46, around the middle of its 5-year range (0.76–2.12).
As of the fiscal period ended Tuesday, March 31, 2026. 9.19% above its 12-month average of 1.41.
Reported quarterly quick ratio; no daily interpolation.
QUICK RATIO (ACID-TEST)
1.54
QUICK RATIO (ACID-TEST) AVG TTM
1.41
QUICK RATIO (ACID-TEST) AVG 3Y
1.33
QUICK RATIO (ACID-TEST) AVG 5Y
1.46
QUICK RATIO (ACID-TEST) AVG 10Y
1.36
QUICK RATIO (ACID-TEST) AVG 15Y
1.34
QUICK RATIO (ACID-TEST) AVG 20Y
1.26
CURRENT VS TTM AVG
+9.19%
CURRENT VS 3Y AVG
+15.45%
CURRENT VS 5Y AVG
+5.35%
CURRENT VS 10Y AVG
+12.95%
CURRENT VS 15Y AVG
+14.71%
CURRENT VS 20Y AVG
+22.53%
SECTOR MEDIAN · HEALTHCARE
1.21
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+27.08%
vs the sector median at left
Labcorp Holdings Inc.
Market Cap
$25.77B
Quick Ratio (Acid-Test)
1.54
TTM Avg
1.41
3Y Avg
1.33
5Y Avg
1.46
Market Cap
$25.96B
Quick Ratio (Acid-Test)
3.25
TTM Avg
2.59
3Y Avg
3.09
5Y Avg
3.29
Market Cap
$26.04B
Quick Ratio (Acid-Test)
0.96
TTM Avg
0.99
3Y Avg
1.07
5Y Avg
1.22
Market Cap
$25.02B
Quick Ratio (Acid-Test)
1.27
TTM Avg
1.39
3Y Avg
1.50
5Y Avg
1.54
Market Cap
$23.72B
Quick Ratio (Acid-Test)
2.34
TTM Avg
2.22
3Y Avg
2.40
5Y Avg
2.33
Market Cap
$28.06B
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 |
|---|---|---|---|---|---|
| Labcorp Holdings Inc. (LH) | $25.77B | 1.54 | 1.41 | 1.33 | 1.46 |
| Incyte Corporation (INCY)vs › | $25.96B | 3.25 | 2.59 | 3.09 | 3.29 |
| Quest Diagnostics Incorporated (DGX)vs › | $26.04B | 0.96 | 0.99 | 1.07 | 1.22 |
| Waters Corporation (WAT)vs › | $25.02B | 1.27 | 1.39 | 1.50 | 1.54 |
| West Pharmaceutical Services, Inc. (WST)vs › | $23.72B | 2.34 | 2.22 | 2.40 | 2.33 |
| Mettler-Toledo International Inc. (MTD)vs › | $28.06B | 0.81 | 0.77 | 0.77 | 0.79 |
| BioNTech SE (BNTX)vs › | $23.38B | 7.49 | 7.42 | 7.84 | 6.36 |
| DexCom, Inc. (DXCM)vs › | $28.88B | 1.59 | 1.44 | 1.80 | 2.83 |
| STERIS plc (STE)vs › | $22.45B | 1.54 | 1.46 | 1.73 | 1.65 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.16B | 0.93 | 0.86 | 0.82 | 0.76 |
Quick Ratio
1.54
Excludes inventory
Current Ratio
1.42
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 | 1.54 |
| 2025-12-31 | 1.23 |
| 2025-09-30 | 1.35 |
| 2025-06-30 | 1.32 |
| 2025-03-31 | 1.60 |
| 2024-12-31 | 1.30 |
| 2024-09-30 | 1.30 |
| 2024-06-30 | 0.77 |
| 2024-03-31 | 0.76 |
| 2023-12-31 | 1.02 |
| 2023-09-30 | 1.20 |
| 2023-06-30 | 2.12 |
| 2023-03-31 | 1.46 |
| 2022-12-31 | 1.35 |
| 2022-09-30 | 1.55 |
| 2022-06-30 | 1.74 |
| 2022-03-31 | 1.81 |
| 2021-12-31 | 1.77 |
| 2021-09-30 | 1.94 |
| 2021-06-30 | 1.98 |
| 2021-03-31 | 1.55 |
| 2020-12-31 | 1.53 |
| 2020-09-30 | 1.23 |
| 2020-06-30 | 1.01 |
| 2020-03-31 | 1.07 |
| 2019-12-31 | 1.03 |
| 2019-09-30 | 1.08 |
| 2019-06-30 | 1.05 |
| 2019-03-31 | 1.05 |
| 2018-12-31 | 1.38 |
| 2018-09-30 | 1.44 |
| 2018-06-30 | 1.32 |
| 2018-03-31 | 1.27 |
| 2017-12-31 | 1.12 |
| 2017-09-30 | 1.75 |
| 2017-06-30 | 1.28 |
| 2017-03-31 | 1.30 |
| 2016-12-31 | 1.24 |
| 2016-09-30 | 1.28 |
| 2016-06-30 | 1.93 |
| 2016-03-31 | 1.56 |
| 2015-12-31 | 1.45 |
| 2015-09-30 | 1.37 |
| 2015-06-30 | 1.32 |
| 2015-03-31 | 1.52 |
| 2014-12-31 | 1.59 |
| 2014-09-30 | 2.07 |
| 2014-06-30 | 1.93 |
| 2014-03-31 | 1.36 |
| 2013-12-31 | 1.43 |
| 2013-09-30 | 1.26 |
| 2013-06-30 | 1.22 |
| 2013-03-31 | 1.16 |
| 2012-12-31 | 1.03 |
| 2012-09-30 | 1.00 |
| 2012-06-30 | 1.04 |
| 2012-03-31 | 1.01 |
| 2011-12-31 | 1.33 |
| 2011-09-30 | 0.71 |
| 2011-06-30 | 0.71 |
| 2011-03-31 | 0.68 |
| 2010-12-31 | 0.93 |
| 2010-09-30 | 0.67 |
| 2010-06-30 | 0.71 |
| 2010-03-31 | 0.79 |
| 2009-12-31 | 0.83 |
| 2009-09-30 | 1.49 |
| 2009-06-30 | 1.78 |
| 2009-03-31 | 1.90 |
| 2008-12-31 | 1.72 |
| 2008-09-30 | 0.71 |
| 2008-06-30 | 0.87 |
| 2008-03-31 | 0.80 |
| 2007-12-31 | 0.89 |
| 2007-09-30 | 0.75 |
| 2007-08-01 | 0.81 |
| 2007-03-31 | 0.72 |
| 2006-12-31 | 0.86 |
| 2006-09-30 | 1.06 |
| 2006-06-30 | 0.88 |
| 2006-03-31 | 0.72 |
| 2005-12-31 | 0.72 |
| 2005-09-30 | 0.74 |
| 2005-06-30 | 2.11 |
| 2005-03-31 | 1.84 |
| 2004-12-31 | 2.26 |
| 2004-09-30 | 2.82 |
| 2004-06-30 | 0.85 |
| 2004-03-31 | 0.85 |
| 2003-12-31 | 0.81 |
| 2003-09-30 | 0.70 |
| 2003-06-30 | 2.31 |
| 2003-03-31 | 2.24 |
| 2002-12-31 | 2.44 |
| 2002-09-30 | 1.46 |
| 2002-06-30 | 3.45 |
