• Badger Meter average quick ratio for 2023 was 2.09, a 2.96% increase from 2022.
• Badger Meter average quick ratio for 2022 was 2.03, a 10.33% increase from 2021.
• Badger Meter average quick ratio for 2021 was 1.84, a 21.03% 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.