• Donaldson average quick ratio for 2023 was 1.22, a 13.48% increase from 2022.
• Donaldson average quick ratio for 2022 was 1.41, a 5.37% decline from 2021.
• Donaldson average quick ratio for 2021 was 1.49, a 19.46% 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.