Quick Ratio

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

At 0.91x, Quest Diagnostics has less than $1 of quick assets for every $1 of current liabilities, meaning it would not fully cover those obligations if they all came due immediately. This reading sits below the healthcare sector median of 1.20x and places the company at the 36th percentile among its peers, indicating lower liquidity than the typical sector firm. The trend data is not available: the year-over-year change is listed as N/A, and the quarter-over-quarter change is also N/A, so no direction can be inferred. The combination of a sub-1.0 quick ratio with no trend information highlights a potential liquidity risk, but without historical context it is difficult to assess whether this is a persistent weakness or a temporary position. This metric generally supports the overall NEUTRAL verdict because, while the level is below the sector median, it is not critically low, and the absence of trend data prevents a stronger bearish or bullish tilt.

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