Quick Ratio

The quick ratio measures a company’s ability to pay its short-term debts using its most liquid assets (cash, marketable securities, and receivables); VRTX's current ratio of 1.93x means it holds $1.93 in liquid assets for every $1 of current liabilities.

That comfortably exceeds the sector median of 0.72x, placing VRTX in the 89th percentile among its peers. While year-over-year data is not available, the metric fell 18.9% quarter-over-quarter from the prior quarter’s 2.38x. A quick ratio well above the sector median signals strong short-term liquidity, but the sharp sequential decline suggests that liquid assets are shrinking relative to liabilities at a notable pace. This combination—high absolute level with a deteriorating trend—reduces immediate risk of liquidity stress while introducing a cautionary signal for future periods. The data supports the overall NEUTRAL verdict: the strong liquidity position is a positive, but the downward trend tempers that strength without triggering a bearish or bullish tilt.

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