FirstEnergy Quick Ratio 2010-2024 | FE
- FirstEnergy average quick ratio for 2023 was 0.46, a 14.81% decline from 2022.
- FirstEnergy average quick ratio for 2022 was 0.54, a 16.92% decline from 2021.
- FirstEnergy average quick ratio for 2021 was 0.65, a 8.33% 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.