LY Quick Ratio 2016-2024 | YAHOY

LY quick ratio for the quarter ending June 30, 2024 was 0.93.

  • LY average quick ratio for 2023 was 0.86, a 5.49% increase from 2022.
  • LY average quick ratio for 2022 was 0.91, a 3.19% decline from 2021.
  • LY average quick ratio for 2021 was 0.94, a 5.62% 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.

LY Quick Ratio 2016-2024 | YAHOY

  • LY average quick ratio for 2023 was 0.86, a 5.49% increase from 2022.
  • LY average quick ratio for 2022 was 0.91, a 3.19% decline from 2021.
  • LY average quick ratio for 2021 was 0.94, a 5.62% 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.
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