Citic Quick Ratio 2010-2023 | CTPCY
- Citic average quick ratio for 2022 was 0.2, a 20% increase from 2021.
- Citic average quick ratio for 2021 was 0.25, a 13.64% decline from 2020.
- Citic average quick ratio for 2020 was 0.22, a 62.07% increase from 2019.
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.