Albemarle Quick Ratio 2010-2024 | ALB
- Albemarle average quick ratio for 2023 was 0.92, a 8.91% increase from 2022.
- Albemarle average quick ratio for 2022 was 1.01, a 6.48% decline from 2021.
- Albemarle average quick ratio for 2021 was 1.08, a 13.68% 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.