Magna Quick Ratio 2010-2024 | MGA

Magna quick ratio for the quarter ending June 30, 2024 was 0.77.

  • Magna average quick ratio for 2023 was 0.78, a 8.24% decline from 2022.
  • Magna average quick ratio for 2022 was 0.85, a 14.14% decline from 2021.
  • Magna average quick ratio for 2021 was 0.99, a 11.24% 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.

Magna Quick Ratio 2010-2024 | MGA

  • Magna average quick ratio for 2023 was 0.78, a 8.24% decline from 2022.
  • Magna average quick ratio for 2022 was 0.85, a 14.14% decline from 2021.
  • Magna average quick ratio for 2021 was 0.99, a 11.24% 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.
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