Shimano Quick Ratio 2017-2023 | SMNNY
- Shimano average quick ratio for 2022 was 5.44, a 12.54% increase from 2021.
- Shimano average quick ratio for 2021 was 6.22, a 8.26% decline from 2020.
- Shimano average quick ratio for 2020 was 6.78, a 1.45% decline 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.