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 4.03 is 44% below its 5-year average of 7.23, near the low end of its 5-year range (3.04–25.78).
As of the fiscal period ended Tuesday, June 30, 2026. 23.33% below its 12-month average of 5.26.
Reported quarterly quick ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 4.03.
QUICK RATIO (ACID-TEST)
4.03
QUICK RATIO (ACID-TEST) AVG TTM
5.26
QUICK RATIO (ACID-TEST) AVG 3Y
5.98
QUICK RATIO (ACID-TEST) AVG 5Y
7.23
QUICK RATIO (ACID-TEST) AVG 10Y
4.64
QUICK RATIO (ACID-TEST) AVG 15Y
5.70
QUICK RATIO (ACID-TEST) AVG 20Y
N/A
CURRENT VS TTM AVG
-23.33%
CURRENT VS 3Y AVG
-32.54%
CURRENT VS 5Y AVG
-44.21%
CURRENT VS 10Y AVG
-13.05%
CURRENT VS 15Y AVG
-29.23%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
3.35
median of 871 covered companies
CURRENT VS SECTOR MEDIAN
+20.41%
vs the sector median at left
Pacific Biosciences of California, Inc.
Market Cap
$831.79M
Quick Ratio (Acid-Test)
4.03
TTM Avg
5.26
3Y Avg
5.98
5Y Avg
7.23
Market Cap
$833.81M
Quick Ratio (Acid-Test)
9.52
TTM Avg
4.26
3Y Avg
6.09
5Y Avg
7.80
Market Cap
$828.48M
Quick Ratio (Acid-Test)
25.06
TTM Avg
12.67
3Y Avg
12.67
5Y Avg
12.67
Market Cap
$838.16M
Quick Ratio (Acid-Test)
7.96
TTM Avg
6.81
3Y Avg
6.62
5Y Avg
6.62
Market Cap
$817.67M
Quick Ratio (Acid-Test)
3.15
TTM Avg
4.21
3Y Avg
3.84
5Y Avg
4.13
Market Cap
$816.13M
Quick Ratio (Acid-Test)
14.93
TTM Avg
20.63
3Y Avg
16.30
5Y Avg
22.70
Market Cap
$852.35M
Quick Ratio (Acid-Test)
3.05
TTM Avg
34.00
3Y Avg
26.34
5Y Avg
26.34
Market Cap
$853.13M
Quick Ratio (Acid-Test)
1.79
TTM Avg
2.17
3Y Avg
1.93
5Y Avg
2.04
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pacific Biosciences of California, Inc. (PACB) | $831.79M | 4.03 | 5.26 | 5.98 | 7.23 |
| Monte Rosa Therapeutics, Inc. (GLUE)vs › | $833.81M | 9.52 | 4.26 | 6.09 | 7.80 |
| SpyGlass Pharma, Inc. Common Stock (SGP)vs › | $828.48M | 25.06 | 12.67 | 12.67 | 12.67 |
| Beta Bionics, Inc. (BBNX)vs › | $838.16M | 7.96 | 6.81 | 6.62 | 6.62 |
| Ardelyx, Inc. (ARDX)vs › | $817.67M | 3.15 | 4.21 | 3.84 | 4.13 |
| Jade Biosciences, Inc. (JBIO)vs › | $816.13M | 14.93 | 20.63 | 16.30 | 22.70 |
| SL Science Holding Ltd (SLBT)vs › | $852.35M | 3.05 | 34.00 | 26.34 | 26.34 |
| Rigel Pharmaceuticals, Inc. (RIGL)vs › | $853.13M | 1.79 | 2.17 | 1.93 | 2.04 |
| Alumis Inc. (ALMS)vs › | $855.38M | 6.74 | 5.17 | 5.15 | 5.15 |
| QuidelOrtho Corporation (QDEL)vs › | $857.16M | 0.76 | 0.79 | 0.88 | 1.73 |
Quick Ratio
4.03
Excludes inventory
Current Ratio
4.92
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 | 4.03 |
| 2026-03-31 | 4.87 |
| 2025-12-31 | 5.99 |
| 2025-09-30 | 5.40 |
| 2025-06-30 | 6.02 |
| 2025-03-31 | 5.87 |
| 2024-12-31 | 6.59 |
| 2024-09-30 | 8.64 |
| 2024-06-30 | 7.14 |
| 2024-03-31 | 8.36 |
| 2023-12-31 | 7.21 |
| 2023-09-30 | 4.43 |
| 2023-06-30 | 3.20 |
| 2023-03-31 | 3.46 |
| 2022-12-31 | 3.04 |
| 2022-09-30 | 10.66 |
| 2022-06-30 | 11.07 |
| 2022-03-31 | 16.38 |
| 2021-12-31 | 15.01 |
| 2021-09-30 | 19.99 |
| 2021-06-30 | 25.78 |
| 2021-03-31 | 34.97 |
| 2020-12-31 | 8.87 |
| 2020-09-30 | 1.72 |
| 2020-06-30 | 1.03 |
| 2020-03-31 | 1.16 |
| 2019-12-31 | 1.38 |
| 2019-09-30 | 1.22 |
| 2019-06-30 | 1.65 |
| 2019-03-31 | 2.06 |
| 2018-12-31 | 5.59 |
| 2018-09-30 | 7.81 |
| 2018-06-30 | 3.28 |
| 2018-03-31 | 3.60 |
| 2017-12-31 | 3.52 |
| 2017-09-30 | 3.15 |
| 2017-06-30 | 3.24 |
| 2017-03-31 | 2.06 |
| 2016-12-31 | 2.76 |
| 2016-09-30 | 3.30 |
| 2016-06-30 | 3.66 |
| 2016-03-31 | 5.39 |
| 2015-12-31 | 4.54 |
| 2015-09-30 | 3.85 |
| 2015-06-30 | 2.00 |
| 2015-03-31 | 2.24 |
| 2014-12-31 | 3.38 |
| 2014-09-30 | 3.53 |
| 2014-06-30 | 3.95 |
| 2014-03-31 | 10.67 |
| 2013-12-31 | 5.16 |
| 2013-09-30 | 8.07 |
| 2013-06-30 | 7.41 |
| 2013-03-31 | 8.53 |
| 2012-12-31 | 7.15 |
| 2012-09-30 | 8.96 |
| 2012-06-30 | 9.54 |
| 2012-03-31 | 8.33 |
| 2011-12-31 | 9.50 |
| 2011-09-30 | 9.47 |
| 2011-06-30 | 10.49 |
| 2011-03-31 | 10.39 |
| 2010-12-31 | 13.74 |
| 2010-09-30 | 5.12 |
| 2010-06-30 | 8.69 |
| 2010-03-31 | 0.00 |
| 2009-12-31 | 11.13 |
| 2009-09-30 | 0.00 |