• Analog Devices average quick ratio for 2023 was 1.16, a 23.68% increase from 2022.
• Analog Devices average quick ratio for 2022 was 1.52, a 38.18% decline from 2021.
• Analog Devices average quick ratio for 2021 was 1.1, a 4.76% increase 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.