• AAON average quick ratio for 2023 was 1.44, a 26.32% increase from 2022.
• AAON average quick ratio for 2022 was 1.14, a 41.84% increase from 2021.
• AAON average quick ratio for 2021 was 1.96, a 6.67% 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.