Descartes Systems Group Quick Ratio 2010-2024 | DSGX
- Descartes Systems Group average quick ratio for 2023 was 1.18, a 40.1% decline from 2022.
- Descartes Systems Group average quick ratio for 2022 was 1.97, a 4.79% decline from 2021.
- Descartes Systems Group average quick ratio for 2021 was 1.88, a 29.66% 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.