Applied Industrial Technologies Quick Ratio 2010-2024 | AIT
- Applied Industrial Technologies average quick ratio for 2023 was 2.3, a 19.17% increase from 2022.
- Applied Industrial Technologies average quick ratio for 2022 was 1.93, a 3.76% increase from 2021.
- Applied Industrial Technologies average quick ratio for 2021 was 1.86, a 3.91% increase 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.