Brown-Forman Quick Ratio 2010-2024 | BF.B
- Brown-Forman average quick ratio for 2023 was 1.22, a 33.33% decline from 2022.
- Brown-Forman average quick ratio for 2022 was 1.83, a 24.38% decline from 2021.
- Brown-Forman average quick ratio for 2021 was 2.42, a 27.37% 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.