• BorgWarner average quick ratio for 2023 was 1.23, a 4.65% increase from 2022.
• BorgWarner average quick ratio for 2022 was 1.29, a 2.27% decline from 2021.
• BorgWarner average quick ratio for 2021 was 1.32, a 19.51% 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.