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Charlie Huang

Australia's iron ore industry faces a major challenge from its biggest customers

Charlie Huang explains how China’s green steel push could crush Australia’s dirty iron ore exports

14th Mar 24, 10:26am

by Guest

Charlie Huang explains how China’s green steel push could crush Australia’s dirty iron ore exports

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Definition: Acid test ratio. The acid-test ratio or 'quick ratio' helps to show whether a company can quickly pay off its short-term debts using its most liquid assets. A ratio above 1.0 is generally a good sign. This ratio is more conservative than the current ratio because it leaves out inventory and other assets that aren't easily converted into cash.

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