IDEX Quick Ratio 2010-2024 | IEX
- IDEX average quick ratio for 2023 was 2.1, a 4.98% increase from 2022.
- IDEX average quick ratio for 2022 was 2.21, a 22.73% decline from 2021.
- IDEX average quick ratio for 2021 was 2.86, a 1.72% 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.