Johnson & Johnson Quick ratio
What is the Quick ratio of Johnson & Johnson?
The Quick ratio of Johnson & Johnson is 0.85
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Health Care sector on NYSE compared to Johnson & Johnson
What does Johnson & Johnson do?
Johnson & Johnson is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods.
Companies with quick ratio similar to Johnson & Johnson
- Peak Positioning Technologies has Quick ratio of 0.85
- Nexway AG has Quick ratio of 0.85
- Noranda Income Fund has Quick ratio of 0.85
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- Johnson & Johnson has Quick ratio of 0.85
- Cofidur SA has Quick ratio of 0.85
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