• Baxter average quick ratio for 2023 was 1.17, a 11.36% decline from 2022.
• Baxter average quick ratio for 2022 was 1.32, a 23.7% decline from 2021.
• Baxter average quick ratio for 2021 was 1.73, a 18.78% 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.