Novartis AG Quick Ratio 2010-2024 | NVS

Novartis AG quick ratio for the quarter ending September 30, 2024 was 0.9.

  • Novartis AG average quick ratio for 2023 was 0.84, a 20.75% increase from 2022.
  • Novartis AG average quick ratio for 2022 was 1.06, a 41.33% decline from 2021.
  • Novartis AG average quick ratio for 2021 was 0.75, a 20.97% 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.

Novartis AG Quick Ratio 2010-2024 | NVS

  • Novartis AG average quick ratio for 2023 was 0.84, a 20.75% increase from 2022.
  • Novartis AG average quick ratio for 2022 was 1.06, a 41.33% decline from 2021.
  • Novartis AG average quick ratio for 2021 was 0.75, a 20.97% 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.