Timken Quick Ratio 2010-2024 | TKR
- Timken average quick ratio for 2023 was 1.2, a 12.41% increase from 2022.
- Timken average quick ratio for 2022 was 1.37, a 2.84% decline from 2021.
- Timken average quick ratio for 2021 was 1.41, a 12.42% 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.