RENAULT Quick Ratio 2017-2024 | RNLSY
- RENAULT average quick ratio for 2023 was 1.05, a 2.94% decline from 2022.
- 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.
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.