• Cognex average quick ratio for 2023 was 3.42, a 1.48% decline from 2022.
• Cognex average quick ratio for 2022 was 3.37, a 4.01% increase from 2021.
• Cognex average quick ratio for 2021 was 3.24, a 18.59% 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.