Nucor Quick Ratio 2010-2024 | NUE
- Nucor average quick ratio for 2023 was 2.39, a 37.36% decline from 2022.
- Nucor average quick ratio for 2022 was 1.74, a 7.41% increase from 2021.
- Nucor average quick ratio for 2021 was 1.62, a 28.95% increase 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.