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 10.42 is 61% above its 5-year average of 6.49, near the high end of its 5-year range (2.61–10.42).
As of the fiscal period ended Tuesday, June 30, 2026. 60.49% above its 12-month average of 6.49.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 10.42.
QUICK RATIO (ACID-TEST)
10.42
QUICK RATIO (ACID-TEST) AVG TTM
6.49
QUICK RATIO (ACID-TEST) AVG 3Y
5.90
QUICK RATIO (ACID-TEST) AVG 5Y
6.49
QUICK RATIO (ACID-TEST) AVG 10Y
6.93
QUICK RATIO (ACID-TEST) AVG 15Y
5.53
QUICK RATIO (ACID-TEST) AVG 20Y
5.24
CURRENT VS TTM AVG
+60.49%
CURRENT VS 3Y AVG
+76.61%
CURRENT VS 5Y AVG
+60.60%
CURRENT VS 10Y AVG
+50.37%
CURRENT VS 15Y AVG
+88.45%
CURRENT VS 20Y AVG
+98.83%
SECTOR MEDIAN · HEALTHCARE
3.35
median of 871 covered companies
CURRENT VS SECTOR MEDIAN
+210.93%
vs the sector median at left
Nektar Therapeutics
Market Cap
$1.14B
Quick Ratio (Acid-Test)
10.42
TTM Avg
6.49
3Y Avg
5.90
5Y Avg
6.49
Market Cap
$1.14B
Quick Ratio (Acid-Test)
1.71
TTM Avg
2.54
3Y Avg
2.42
5Y Avg
2.25
Market Cap
$1.13B
Quick Ratio (Acid-Test)
1.38
TTM Avg
3.96
3Y Avg
6.78
5Y Avg
9.79
Market Cap
$1.13B
Quick Ratio (Acid-Test)
2.08
TTM Avg
2.01
3Y Avg
3.15
5Y Avg
3.64
Market Cap
$1.12B
Quick Ratio (Acid-Test)
33.10
TTM Avg
10.19
3Y Avg
10.19
5Y Avg
10.19
Market Cap
$1.11B
Quick Ratio (Acid-Test)
5.23
TTM Avg
6.37
3Y Avg
10.25
5Y Avg
15.62
Market Cap
$1.10B
Quick Ratio (Acid-Test)
2.65
TTM Avg
2.17
3Y Avg
2.96
5Y Avg
3.83
Market Cap
$1.10B
Quick Ratio (Acid-Test)
4.03
TTM Avg
3.74
3Y Avg
4.48
5Y Avg
4.84
Market Cap
$1.18B
Quick Ratio (Acid-Test)
1.41
TTM Avg
2.22
3Y Avg
2.73
5Y Avg
2.72
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nektar Therapeutics (NKTR) | $1.14B | 10.42 | 6.49 | 5.90 | 6.49 |
| Amphastar Pharmaceuticals, Inc. (AMPH)vs › | $1.14B | 1.71 | 2.54 | 2.42 | 2.25 |
| GoodRx Holdings, Inc. (GDRX)vs › | $1.13B | 1.38 | 3.96 | 6.78 | 9.79 |
| Harrow Health, Inc. (HROW)vs › | $1.13B | 2.08 | 2.01 | 3.15 | 3.64 |
| Avalyn Pharma Inc. Common Stock (AVLN)vs › | $1.12B | 33.10 | 10.19 | 10.19 | 10.19 |
| Replimune Group, Inc. (REPL)vs › | $1.11B | 5.23 | 6.37 | 10.25 | 15.62 |
| Tandem Diabetes Care, Inc. (TNDM)vs › | $1.10B | 2.65 | 2.17 | 2.96 | 3.83 |
| STAAR Surgical Company (STAA)vs › | $1.10B | 4.03 | 3.74 | 4.48 | 4.84 |
| MannKind Corporation (MNKD)vs › | $1.18B | 1.41 | 2.22 | 2.73 | 2.72 |
| OPKO Health, Inc. (OPK)vs › | $1.09B | 2.93 | 3.33 | 2.34 | 2.11 |
Quick Ratio
10.42
Excludes inventory
Current Ratio
10.42
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) |
|---|---|
| 2026-06-30 | 10.42 |
| 2026-03-31 | 10.21 |
| 2025-12-31 | 4.97 |
| 2025-09-30 | 4.24 |
| 2025-06-30 | 2.61 |
| 2025-03-31 | 3.24 |
| 2024-12-31 | 4.26 |
| 2024-09-30 | 4.24 |
| 2024-06-30 | 4.90 |
| 2024-03-31 | 5.79 |
| 2023-12-31 | 6.14 |
| 2023-09-30 | 7.37 |
| 2023-06-30 | 8.29 |
| 2023-03-31 | 7.86 |
| 2022-12-31 | 7.72 |
| 2022-09-30 | 6.91 |
| 2022-06-30 | 6.18 |
| 2022-03-31 | 6.82 |
| 2021-12-31 | 9.15 |
| 2021-09-30 | 6.94 |
| 2021-06-30 | 7.95 |
| 2021-03-31 | 8.75 |
| 2020-12-31 | 9.70 |
| 2020-09-30 | 8.15 |
| 2020-06-30 | 9.19 |
| 2020-03-31 | 3.75 |
| 2019-12-31 | 3.98 |
| 2019-09-30 | 12.49 |
| 2019-06-30 | 13.97 |
| 2019-03-31 | 14.83 |
| 2018-12-31 | 17.39 |
| 2018-09-30 | 13.80 |
| 2018-06-30 | 19.55 |
| 2018-03-31 | 4.03 |
| 2017-12-31 | 5.63 |
| 2017-09-30 | 3.99 |
| 2017-06-30 | 3.82 |
| 2017-03-31 | 4.69 |
| 2016-12-31 | 5.75 |
| 2016-09-30 | 3.56 |
| 2016-06-30 | 3.89 |
| 2016-03-31 | 5.06 |
| 2015-12-31 | 5.53 |
| 2015-09-30 | 1.33 |
| 2015-06-30 | 3.60 |
| 2015-03-31 | 4.44 |
| 2014-12-31 | 4.30 |
| 2014-09-30 | 3.88 |
| 2014-06-30 | 3.37 |
| 2014-03-31 | 3.68 |
| 2013-12-31 | 2.49 |
| 2013-09-30 | 2.38 |
| 2013-06-30 | 2.37 |
| 2013-03-31 | 2.99 |
| 2012-12-31 | 3.77 |
| 2012-09-30 | 4.75 |
| 2012-06-30 | 1.64 |
| 2012-03-31 | 1.50 |
| 2011-12-31 | 0.96 |
| 2011-09-30 | 1.03 |
| 2011-06-30 | 6.19 |
| 2011-03-31 | 8.96 |
| 2010-12-31 | 5.41 |
| 2010-09-30 | 3.71 |
| 2010-06-30 | 3.29 |
| 2010-03-31 | 3.00 |
| 2009-12-31 | 2.66 |
| 2009-09-30 | 5.86 |
| 2009-06-30 | 6.80 |
| 2009-03-31 | 7.23 |
| 2008-12-31 | 5.80 |
| 2008-09-30 | 8.25 |
| 2008-06-30 | 6.81 |
| 2008-03-31 | 7.50 |
| 2007-12-31 | 5.21 |
| 2007-09-30 | 3.18 |
| 2007-06-30 | 3.84 |
| 2007-03-31 | 4.26 |
| 2006-12-31 | 3.15 |
| 2006-09-30 | 5.57 |
| 2006-06-30 | 4.85 |
| 2006-03-31 | 4.68 |
| 2005-12-31 | 7.20 |
| 2005-09-30 | 13.49 |
| 2005-06-30 | 7.31 |
| 2005-03-31 | 8.12 |
| 2004-12-31 | 7.98 |
| 2004-09-30 | 11.45 |
| 2004-06-30 | 9.97 |
| 2004-03-31 | 9.89 |
| 2003-12-31 | 6.36 |
| 2003-09-30 | 6.54 |
| 2003-06-30 | 7.22 |
| 2003-03-31 | 6.43 |
| 2002-12-31 | 4.79 |
| 2002-09-30 | 6.37 |
