Eaton Quick Ratio 2010-2024 | ETN
- Eaton average quick ratio for 2023 was 0.97, a 38.57% increase from 2022.
- Eaton average quick ratio for 2022 was 0.7, a 16.67% increase from 2021.
- Eaton average quick ratio for 2021 was 0.84, a 28.81% 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.