• Ericsson average quick ratio for 2023 was 0.83, a 19.42% increase from 2022.
• Ericsson average quick ratio for 2022 was 1.03, a 0.96% decline from 2021.
• Ericsson average quick ratio for 2021 was 1.04, a 4% 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.