Rentokil Initial Quick Ratio 2011-2024 | RTO
- Rentokil Initial average quick ratio for 2023 was 1, a 29.58% decline from 2022.
- Rentokil Initial average quick ratio for 2022 was 1.42, a 54.35% decline from 2021.
- Rentokil Initial average quick ratio for 2021 was 0.92, a 6.12% 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.