ITT Quick Ratio 2010-2025 | ITT
- ITT average quick ratio for 2024 was 1.06, a 7.02% decline from 2023.
- 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.
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.