• Carpenter Technology average quick ratio for 2023 was 1.29, a 5.15% increase from 2022.
• Carpenter Technology average quick ratio for 2022 was 1.36, a 33.66% decline from 2021.
• Carpenter Technology average quick ratio for 2021 was 2.05, a 26.54% 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.