Shell Quick Ratio 2010-2024 | SHEL
- Shell average quick ratio for 2023 was 1.17, a 7.34% decline from 2022.
- Shell average quick ratio for 2022 was 1.09, a 4.81% increase from 2021.
- Shell average quick ratio for 2021 was 1.04, a 5.05% 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.