Fortescue Quick Ratio 2010-2024 | FSUGY
- Fortescue average quick ratio for 2023 was 2.15, a 8.12% decline from 2022.
- Fortescue average quick ratio for 2022 was 2.34, a 28.57% decline from 2021.
- Fortescue average quick ratio for 2021 was 1.82, a 2.67% 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.