• First Solar average quick ratio for 2023 was 2.62, a 14.66% decline from 2022.
• First Solar average quick ratio for 2022 was 3.07, a 15.66% decline from 2021.
• First Solar average quick ratio for 2021 was 3.64, a 21.33% 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.