• Deere average quick ratio for 2023 was 1.73, a 2.81% increase from 2022.
• Deere average quick ratio for 2022 was 1.78, a 10.55% decline from 2021.
• Deere average quick ratio for 2021 was 1.99, a 1.53% 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.