NewMarket Quick Ratio 2010-2025 | NEU
- NewMarket average quick ratio for 2024 was 1.5, a 9.09% increase from 2023.
- NewMarket average quick ratio for 2023 was 1.65, a 19.57% decline from 2022.
- NewMarket average quick ratio for 2022 was 1.38, a 37.84% 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.