• Kumba Iron Ore average quick ratio for 2023 was 1.88, a 11.32% increase from 2022.
• Kumba Iron Ore average quick ratio for 2022 was 2.12, a 35.56% decline from 2021.
• Kumba Iron Ore average quick ratio for 2021 was 3.29, a 9.12% 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.