Cleveland-Cliffs Quick Ratio 2010-2024 | CLF
- Cleveland-Cliffs average quick ratio for 2023 was 0.7, a 6.67% decline from 2022.
- Cleveland-Cliffs average quick ratio for 2022 was 0.75, a 2.74% decline from 2021.
- Cleveland-Cliffs average quick ratio for 2021 was 0.73, a 14.06% 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.