• FedEx average quick ratio for 2023 was 1.31, a 2.24% decline from 2022.
• FedEx average quick ratio for 2022 was 1.34, a 10.07% decline from 2021.
• FedEx average quick ratio for 2021 was 1.49, a 1.32% 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.