SSAB Quick Ratio 2017-2024 | SSAAY
- SSAB average quick ratio for 2023 was 1.44, a 22.03% increase from 2022.
- SSAB average quick ratio for 2022 was 1.18, a 26.88% increase from 2021.
- SSAB average quick ratio for 2021 was 0.93, a 27.4% 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.