Polaris Quick Ratio 2010-2024 | PII
- Polaris average quick ratio for 2023 was 0.4, a 5.26% increase from 2022.
- Polaris average quick ratio for 2022 was 0.38, a 5% increase from 2021.
- Polaris average quick ratio for 2021 was 0.4, a 21.57% 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.