ITT Quick Ratio 2010-2024 | ITT
- ITT average quick ratio for 2023 was 1.14, a 8.57% decline from 2022.
- ITT average quick ratio for 2022 was 1.05, a 29.53% increase from 2021.
- ITT average quick ratio for 2021 was 1.49, a 6.88% 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.