• Apple average quick ratio for 2023 was 0.94, a 9.3% decline from 2022.
• Apple average quick ratio for 2022 was 0.86, a 16.5% increase from 2021.
• Apple average quick ratio for 2021 was 1.03, a 23.13% 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.