BHP Group Quick Ratio 2010-2024 | BHP
- BHP Group average quick ratio for 2023 was 1.09, a 18.66% increase from 2022.
- BHP Group average quick ratio for 2022 was 1.34, a 12.99% decline from 2021.
- BHP Group average quick ratio for 2021 was 1.54, a 36.28% 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.