RENAULT Quick Ratio 2017-2023 | RNLSY
- RENAULT average quick ratio for 2022 was 1.02, a 2% increase from 2021.
- RENAULT average quick ratio for 2021 was 1, a 7.53% increase from 2020.
- RENAULT average quick ratio for 2020 was 0.93, a 1.06% increase from 2019.
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.