Novozymes Quick Ratio 2011-2024 | NVZMY
- Novozymes average quick ratio for 2023 was 0.82, a 7.89% decline from 2022.
- Novozymes average quick ratio for 2022 was 0.76, a 16.48% increase from 2021.
- Novozymes average quick ratio for 2021 was 0.91, a 7.14% 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.