Quick Ratio

The quick ratio measures a company's ability to pay its short-term debts using its most liquid assets, such as cash and receivables.

AstraZeneca's current ratio of 0.67x indicates it has only $0.67 in liquid assets for every $1 of current liabilities, suggesting potential liquidity pressure. This is well below the healthcare sector median of 1.46x, placing the company in the 17th percentile among peers, meaning 83% of sector peers have a higher quick ratio. The year-over-year change is N/A, the quarter-over-quarter change is N/A, and there is no trend data available for the last eight quarters. Without a trend, the low level alone points to higher short-term risk, as the company may struggle to cover obligations without selling inventory or raising capital. This metric contradicts the overall NEUTRAL verdict, because a quick ratio far below the sector median typically signals a risk factor that would tilt the view toward caution.

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