• CGI average quick ratio for 2023 was 0.84, a 1.18% increase from 2022.
• CGI average quick ratio for 2022 was 0.85, a 5.56% decline from 2021.
• CGI average quick ratio for 2021 was 0.9, a 4.26% 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.