• Colgate-Palmolive average quick ratio for 2023 was 0.74, a 2.78% decline from 2022.
• Colgate-Palmolive average quick ratio for 2022 was 0.72, a 5.88% increase from 2021.
• Colgate-Palmolive average quick ratio for 2021 was 0.68, a 9.68% 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.