Ingredion Quick Ratio 2010-2024 | INGR
- Ingredion average quick ratio for 2023 was 1.02, a 6.25% increase from 2022.
- Ingredion average quick ratio for 2022 was 0.96, a 22.58% increase from 2021.
- Ingredion average quick ratio for 2021 was 1.24, a 13.29% 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.