• Cisco average quick ratio for 2023 was 1.3, a 3.7% decline from 2022.
• Cisco average quick ratio for 2022 was 1.35, a 10% decline from 2021.
• Cisco average quick ratio for 2021 was 1.5, a 7.98% 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.