EDENRED Quick Ratio 2016-2023 | EDNMY
- EDENRED average quick ratio for 2022 was 0.92, a 0% decline from 2021.
- EDENRED average quick ratio for 2021 was 0.92, a 3.37% decline from 2020.
- EDENRED average quick ratio for 2020 was 0.89, a 9.88% 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.