• Home Depot average quick ratio for 2023 was 0.32, a 14.29% decline from 2022.
• Home Depot average quick ratio for 2022 was 0.28, a 31.71% increase from 2021.
• Home Depot average quick ratio for 2021 was 0.41, a 28.07% 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.