Coca-Cola HBC Quick Ratio 2016-2024 | CCHGY
- Coca-Cola HBC average quick ratio for 2023 was 0.88, a 2.22% increase from 2022.
- Coca-Cola HBC average quick ratio for 2022 was 0.9, a 10.89% decline from 2021.
- Coca-Cola HBC average quick ratio for 2021 was 1.01, a 6.32% 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.