• Andritz average quick ratio for 2023 was 0.92, a 5.15% decline from 2022.
• Andritz average quick ratio for 2022 was 0.97, a 4.9% decline from 2021.
• Andritz average quick ratio for 2021 was 1.02, a 0.99% 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.