• Avery Dennison average quick ratio for 2023 was 0.7, a 6.06% decline from 2022.
• Avery Dennison average quick ratio for 2022 was 0.66, a 19.51% increase from 2021.
• Avery Dennison average quick ratio for 2021 was 0.82, a 6.82% 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.