• Dolby Laboratories average quick ratio for 2023 was 3.75, a 25.45% decline from 2022.
• Dolby Laboratories average quick ratio for 2022 was 5.03, a 11.75% decline from 2021.
• Dolby Laboratories average quick ratio for 2021 was 5.7, a 6.15% 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.