• Ashtead Group average quick ratio for 2023 was 1.02, a 6.42% increase from 2022.
• Ashtead Group average quick ratio for 2022 was 1.09, a 2.83% decline from 2021.
• Ashtead Group average quick ratio for 2021 was 1.06, a 14.52% 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.