Parker-Hannifin Quick Ratio 2010-2024 | PH
- Parker-Hannifin average quick ratio for 2023 was 0.56, a 47.17% increase from 2022.
- Parker-Hannifin average quick ratio for 2022 was 1.06, a 0.93% decline from 2021.
- Parker-Hannifin average quick ratio for 2021 was 1.07, a 13.83% 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.