• Armstrong World Industries average quick ratio for 2024 was 1.12, a 15.79% decline from 2023.
• Armstrong World Industries average quick ratio for 2023 was 1.33, a 12.71% decline from 2022.
• Armstrong World Industries average quick ratio for 2022 was 1.18, a 6.35% increase from 2021.

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.