• Diageo average quick ratio for 2023 was 0.64, a 13.51% decline from 2022.
• Diageo average quick ratio for 2022 was 0.74, a 1.37% decline from 2021.
• Diageo average quick ratio for 2021 was 0.73, a 18.89% increase 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.