• CSL average quick ratio for 2023 was 0.9, a 34.78% increase from 2022.
• CSL average quick ratio for 2022 was 1.38, a 40% decline from 2021.
• CSL average quick ratio for 2021 was 2.3, a 50.33% 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.