Croda Quick Ratio 2019-2024 | COIHY
- Croda average quick ratio for 2023 was 2, a 39.86% decline from 2022.
- Croda average quick ratio for 2022 was 1.43, a 36.19% increase from 2021.
- Croda average quick ratio for 2021 was 1.05, a 8.7% 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.