• Danaher average quick ratio for 2023 was 1.63, a 18.12% decline from 2022.
• Danaher average quick ratio for 2022 was 1.38, a 4.83% increase from 2021.
• Danaher average quick ratio for 2021 was 1.45, a 3.33% 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.