Fresnillo Quick Ratio 2012-2023 | FNLPF
- Fresnillo average quick ratio for 2022 was 2.76, a 28.5% increase from 2021.
- Fresnillo average quick ratio for 2021 was 3.86, a 20.08% decline from 2020.
- Fresnillo average quick ratio for 2020 was 4.83, a 8.17% decline 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.