DGX Current Ratio Analysis

The current ratio of 1.59x means Quest Diagnostics has $1.59 in current assets—like cash and receivables—for every $1.00 of current liabilities due within a year.

That places the company below the healthcare sector median of 2.02x, at the 33rd percentile among peers, so its liquidity cushion is thinner than most. The year-over-year change is not available, but the quarter-over-quarter change shows a rise of 34.7%, from 1.18x to 1.59x in the most recent period. This combination—a below-median level with a sharp recent improvement—suggests liquidity is currently adequate but has only recently strengthened, carrying moderate risk if the improvement does not hold. The positive quarterly move partially offsets the low peer ranking, but the absolute level still leaves less room for unexpected short-term obligations. Overall, this metric supports the NEUTRAL verdict: it is neither a strong safety signal nor a clear weakness, fitting a balanced assessment.

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