• Equinor average quick ratio for 2023 was 1.72, a 12.42% decline from 2022.
• Equinor average quick ratio for 2022 was 1.53, a 1.92% increase from 2021.
• Equinor average quick ratio for 2021 was 1.56, a 6.85% 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.