Danone Quick Ratio 2010-2024 | DANOY
- Danone average quick ratio for 2023 was 0.71, a 10.13% increase from 2022.
- Danone average quick ratio for 2022 was 0.79, a 14.13% decline from 2021.
- Danone average quick ratio for 2021 was 0.92, a 9.52% 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.