Freeport-McMoRan Quick Ratio 2010-2024 | FCX
- Freeport-McMoRan average quick ratio for 2023 was 1.62, a 7.95% decline from 2022.
- Freeport-McMoRan average quick ratio for 2022 was 1.76, a 8.64% decline from 2021.
- Freeport-McMoRan average quick ratio for 2021 was 1.62, a 24.62% 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.