• Dillard's average quick ratio for 2023 was 1.02, a 34.21% decline from 2022.
• Dillard's average quick ratio for 2022 was 0.76, a 3.8% increase from 2021.
• Dillard's average quick ratio for 2021 was 0.79, a 163.33% 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.