Honeywell Quick Ratio 2010-2024 | HON
- Honeywell average quick ratio for 2023 was 0.99, a 4.21% increase from 2022.
- Honeywell average quick ratio for 2022 was 0.95, a 13.64% increase from 2021.
- Honeywell average quick ratio for 2021 was 1.1, a 12% 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.