• Gap average quick ratio for 2023 was 0.67, a 24.07% increase from 2022.
• Gap average quick ratio for 2022 was 0.54, a 40.66% increase from 2021.
• Gap average quick ratio for 2021 was 0.91, 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.