STERIS Quick Ratio 2010-2024 | STE
- STERIS average quick ratio for 2023 was 1.52, a 4.83% increase from 2022.
- STERIS average quick ratio for 2022 was 1.45, a 2.68% increase from 2021.
- STERIS average quick ratio for 2021 was 1.49, a 19.02% 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.