• AGCO average quick ratio for 2023 was 0.69, a 6.15% increase from 2022.
• AGCO average quick ratio for 2022 was 0.65, a 6.56% increase from 2021.
• AGCO average quick ratio for 2021 was 0.61, a 7.58% 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.