INTERTEK GP Quick Ratio 2016-2023 | IKTSY
- INTERTEK GP average quick ratio for 2022 was 1.07, a 18.89% decline from 2021.
- INTERTEK GP average quick ratio for 2021 was 0.9, a 20.35% increase from 2020.
- INTERTEK GP average quick ratio for 2020 was 1.13, a 7.62% 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.