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 2.94 is 32% below its 5-year average of 4.35, near the low end of its 5-year range (1.59–9.39).
As of the fiscal period ended Tuesday, June 30, 2026. 18.01% below its 12-month average of 3.58.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 2.94.
QUICK RATIO (ACID-TEST)
2.94
QUICK RATIO (ACID-TEST) AVG TTM
3.58
QUICK RATIO (ACID-TEST) AVG 3Y
4.93
QUICK RATIO (ACID-TEST) AVG 5Y
4.35
QUICK RATIO (ACID-TEST) AVG 10Y
6.73
QUICK RATIO (ACID-TEST) AVG 15Y
4.95
QUICK RATIO (ACID-TEST) AVG 20Y
4.25
CURRENT VS TTM AVG
-18.01%
CURRENT VS 3Y AVG
-40.44%
CURRENT VS 5Y AVG
-32.41%
CURRENT VS 10Y AVG
-56.34%
CURRENT VS 15Y AVG
-40.59%
CURRENT VS 20Y AVG
-30.88%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 843 covered companies
CURRENT VS SECTOR MEDIAN
-12.27%
vs the sector median at left
Madrigal Pharmaceuticals, Inc.
Market Cap
$11.45B
Quick Ratio (Acid-Test)
2.94
TTM Avg
3.58
3Y Avg
4.93
5Y Avg
4.35
Market Cap
$11.34B
Quick Ratio (Acid-Test)
3.35
TTM Avg
2.87
3Y Avg
2.99
5Y Avg
2.87
Market Cap
$10.94B
Quick Ratio (Acid-Test)
0.73
TTM Avg
1.13
3Y Avg
0.99
5Y Avg
0.98
Market Cap
$10.70B
Quick Ratio (Acid-Test)
2.38
TTM Avg
3.94
3Y Avg
4.84
5Y Avg
6.08
Market Cap
$10.82B
Quick Ratio (Acid-Test)
1.32
TTM Avg
3.40
3Y Avg
2.88
5Y Avg
2.93
Market Cap
$10.63B
Quick Ratio (Acid-Test)
1.04
TTM Avg
1.07
3Y Avg
1.16
5Y Avg
1.16
Market Cap
$12.36B
Quick Ratio (Acid-Test)
1.19
TTM Avg
1.06
3Y Avg
1.17
5Y Avg
1.20
Market Cap
$12.40B
Quick Ratio (Acid-Test)
0.95
TTM Avg
1.18
3Y Avg
1.19
5Y Avg
1.30
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Madrigal Pharmaceuticals, Inc. (MDGL) | $11.45B | 2.94 | 3.58 | 4.93 | 4.35 |
| Bio-Techne Corporation (TECH)vs › | $11.34B | 3.35 | 2.87 | 2.99 | 2.87 |
| DaVita Inc. (DVA)vs › | $11.64B | 1.41 | 1.23 | 1.19 | 1.21 |
| The Cooper Companies, Inc. (COO)vs › | $10.94B | 0.73 | 1.13 | 0.99 | 0.98 |
| Twist Bioscience Corporation (TWST)vs › | $10.70B | 2.38 | 3.94 | 4.84 | 6.08 |
| BioMarin Pharmaceutical Inc. (BMRN)vs › | $10.82B | 1.32 | 3.40 | 2.88 | 2.93 |
| Universal Health Services, Inc. (UHS)vs › | $10.63B | 1.04 | 1.07 | 1.16 | 1.16 |
| Encompass Health Corporation (EHC)vs › | $12.36B | 1.19 | 1.06 | 1.17 | 1.20 |
| ICON Public Limited Company (ICLR)vs › | $12.40B | 0.95 | 1.18 | 1.19 | 1.30 |
| 10x Genomics, Inc. (TXG)vs › | $10.42B | 5.25 | 4.17 | 4.17 | 4.87 |
Quick Ratio
2.94
Excludes inventory
Current Ratio
3.20
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 | 2.94 |
| 2026-03-31 | 3.16 |
| 2025-12-31 | 3.77 |
| 2025-09-30 | 3.26 |
| 2025-06-30 | 4.78 |
| 2025-03-31 | 5.58 |
| 2024-12-31 | 5.90 |
| 2024-09-30 | 5.93 |
| 2024-06-30 | 8.67 |
| 2024-03-31 | 9.39 |
| 2023-12-31 | 5.38 |
| 2023-09-30 | 2.36 |
| 2023-06-30 | 3.02 |
| 2023-03-31 | 3.37 |
| 2022-12-31 | 3.12 |
| 2022-09-30 | 1.59 |
| 2022-06-30 | 2.55 |
| 2022-03-31 | 2.89 |
| 2021-12-31 | 3.54 |
| 2021-09-30 | 4.37 |
| 2021-06-30 | 5.75 |
| 2021-03-31 | 6.31 |
| 2020-12-31 | 6.13 |
| 2020-09-30 | 6.84 |
| 2020-06-30 | 8.54 |
| 2020-03-31 | 15.93 |
| 2019-12-31 | 17.52 |
| 2019-09-30 | 29.44 |
| 2019-06-30 | 38.06 |
| 2019-03-31 | 45.75 |
| 2018-12-31 | 57.46 |
| 2018-09-30 | 73.67 |
| 2018-06-30 | 90.37 |
| 2018-03-31 | 29.11 |
| 2017-12-31 | 19.10 |
| 2017-09-30 | 7.36 |
| 2017-06-30 | 10.56 |
| 2017-03-31 | 6.83 |
| 2016-12-31 | 8.58 |
| 2016-09-30 | 10.52 |
| 2016-06-30 | 13.33 |
| 2016-03-31 | 6.09 |
| 2015-12-31 | 0.01 |
| 2015-09-30 | 2.95 |
| 2015-06-30 | 3.09 |
| 2015-03-31 | 2.52 |
| 2014-12-31 | 3.22 |
| 2014-09-30 | 3.71 |
| 2014-06-30 | 3.50 |
| 2014-03-31 | 2.48 |
| 2013-12-31 | 2.86 |
| 2013-09-30 | 2.11 |
| 2013-06-30 | 3.58 |
| 2013-03-31 | 5.55 |
| 2012-12-31 | 4.32 |
| 2012-09-30 | 2.95 |
| 2012-06-30 | 2.49 |
| 2012-03-31 | 3.71 |
| 2011-12-31 | 2.66 |
| 2011-09-30 | 3.04 |
| 2011-06-30 | 4.15 |
| 2011-03-31 | 2.35 |
| 2010-12-31 | 3.08 |
| 2010-09-30 | 3.67 |
| 2010-06-30 | 4.03 |
| 2010-03-31 | 4.52 |
| 2009-12-31 | 2.71 |
| 2009-09-30 | 2.98 |
| 2009-06-30 | 0.43 |
| 2009-03-31 | 2.00 |
| 2008-12-31 | 2.74 |
| 2008-09-30 | 3.12 |
| 2008-06-30 | 3.91 |
| 2008-03-31 | 4.93 |
| 2007-12-31 | 5.63 |
| 2007-09-30 | 3.65 |
| 2007-06-30 | 4.15 |
| 2007-03-31 | 6.46 |
| 2006-12-31 | 4.12 |
| 2006-09-30 | 5.19 |
| 2006-06-30 | 0.00 |
| 2006-03-31 | 0.00 |
| 2005-12-31 | 4.35 |
| 2005-09-30 | 0.00 |
| 2005-06-30 | 0.00 |
| 2005-03-31 | 7.01 |
| 2004-03-31 | 0.00 |
