Significance of Quick Ratio: Assessing Company's Liquidity
Best for: Financial Analyst, Lender, Accountant, Investor, Creditors.
The quick ratio, also known as the acid-test ratio, is a measure of a company's short-term liquidity. It indicates the ability of a company to meet its current obligations using its most liquid assets. A high quick ratio suggests that a company is better able to pay off its short-term debts and meet other current financial obligations. Lenders and investors often use the quick ratio to assess a company's financial health and creditworthiness. Understanding the significance of a company's quick ratio is crucial for various stakeholders, including investors, creditors, and financial analysts.
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