• Bayer average quick ratio for 2023 was 0.76, a 5% increase from 2022.
• Bayer average quick ratio for 2022 was 0.8, a 1.27% decline from 2021.
• Bayer average quick ratio for 2021 was 0.79, a 1.28% 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.