Occidental Petroleum Quick Ratio 2010-2024 | OXY
- Occidental Petroleum average quick ratio for 2023 was 0.73, a 19.78% increase from 2022.
- Occidental Petroleum average quick ratio for 2022 was 0.91, a 8.08% decline from 2021.
- Occidental Petroleum average quick ratio for 2021 was 0.99, a 13.79% 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.