• Fresnillo average quick ratio for 2023 was 2.61, a 5.43% increase from 2022.
• Fresnillo average quick ratio for 2022 was 2.76, a 28.5% decline from 2021.
• Fresnillo average quick ratio for 2021 was 3.86, a 20.08% 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.