ConocoPhillips Quick Ratio 2010-2024 | COP
- ConocoPhillips average quick ratio for 2023 was 1.35, a 3.57% decline from 2022.
- ConocoPhillips average quick ratio for 2022 was 1.4, a 19.08% decline from 2021.
- ConocoPhillips average quick ratio for 2021 was 1.73, a 20.64% 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.