• Genuine Parts average quick ratio for 2023 was 0.59, a 1.72% decline from 2022.
• Genuine Parts average quick ratio for 2022 was 0.58, a 6.45% increase from 2021.
• Genuine Parts average quick ratio for 2021 was 0.62, a 4.62% 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.