Smiths Group Quick Ratio 2016-2024 | SMGZY
- Smiths Group average quick ratio for 2023 was 1.18, a 32.18% increase from 2022.
- Smiths Group average quick ratio for 2022 was 1.74, a 28.98% decline from 2021.
- Smiths Group average quick ratio for 2021 was 2.45, a 6.99% 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.