South32 Quick Ratio 2016-2024 | SOUHY
- South32 average quick ratio for 2023 was 1.2, a 23.08% increase from 2022.
- South32 average quick ratio for 2022 was 1.56, a 8.24% decline from 2021.
- South32 average quick ratio for 2021 was 1.7, a 17.24% 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.