Quick Ratio

The quick ratio measures a company’s ability to pay short-term liabilities with its most liquid assets, excluding inventory; ILMN’s current 1.17x means it has $1.17 in liquid assets for every $1 of current liabilities.

This is well above the sector median of 0.72x and places ILMN in the 77th percentile among its peers, indicating stronger short-term financial health than most competitors. The year-over-year change is not available, but quarter-over-quarter the ratio fell by 3.3%, and the two most recent values are 1.17x followed by 1.21x, showing a small recent decline. Despite the dip, ILMN’s quick ratio remains above the key 1.0x threshold, suggesting low liquidity risk, while the slight downward trend warrants monitoring for further erosion. This metric supports the overall NEUTRAL verdict because the high level relative to peers provides a cushion, but the recent decrease prevents a bullish tilt without a clearer trend.

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