DGXNEUTRAL

DGX Quick Ratio Analysis

1.28x

Higher than 59% of Healthcare sector peers

Updated 581h ago·SEC filings & market data

Key Takeaway

The quick ratio measures whether a company can cover its near-term bills using its most liquid assets—cash, marketable securities, and receivables—without relying on inventory.

Sector Performance

59th percentile

DGX

1.28x

Sector Median

1.15x

Sector Avg

1.57x

Prior Period

0.91x(Jul 2026)

↑ Improving

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Deep Analysis

The quick ratio measures whether a company can cover its near-term bills using its most liquid assets—cash, marketable securities, and receivables—without relying on inventory.

At 1.28x, Quest Diagnostics has $1.28 of these liquid assets for every $1 of current liabilities, which is above the healthcare sector median of 1.14x and places it in the 58th percentile among peers. The year-over-year change is not available, but quarter-over-quarter the ratio rose 40.7%, from 0.91x to 1.28x. This combination of an above-median level and a sharp quarterly improvement points to lower immediate default risk, though the limited historical data (only two readings) limits how much trend can be inferred. The 58th percentile rank means the company is comfortably liquid but not a standout within its sector. Overall, this metric supports the NEUTRAL verdict: it confirms adequate liquidity without signaling a clear upside opportunity or a red-flag risk.

Frequently Asked Questions

What does the Quick Ratio tell investors about DGX?

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.

How is the Quick Ratio calculated?

Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.

How does DGX's Quick Ratio compare to its sector?

DGX's Quick Ratio of 1.28x compares to a Healthcare sector median of 1.15x, placing it in the 59th percentile.

Who are DGX's closest peers by Quick Ratio?

The closest Healthcare peers by Quick Ratio include: ALGN (1.15x), BAX (1.12x), RVTY (1.25x), BIO (1.00x), FOLD (1.38x).

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Learn More About Quick Ratio

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Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

(Cash + Receivables) / Current Liabilities

Why It Matters

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.