• Heico average quick ratio for 2023 was 1.63, a 3.16% decline from 2022.
• Heico average quick ratio for 2022 was 1.58, a 32.77% increase from 2021.
• Heico average quick ratio for 2021 was 2.35, a 6% 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.