Tapestry Quick Ratio 2010-2024 | TPR
- Tapestry average quick ratio for 2023 was 2.29, a 122.33% increase from 2022.
- Tapestry average quick ratio for 2022 was 1.03, a 33.55% increase from 2021.
- Tapestry average quick ratio for 2021 was 1.55, a 30.25% 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.