Archer Daniels Midland Quick Ratio 2010-2024 | ADM
- Archer Daniels Midland average quick ratio for 2023 was 0.97, a 11.49% decline from 2022.
- Archer Daniels Midland average quick ratio for 2022 was 0.87, a 4.4% increase from 2021.
- Archer Daniels Midland average quick ratio for 2021 was 0.91, a 9% decline from 2020.
Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.