• IBM average quick ratio for 2023 was 0.98, a 13.95% increase from 2022.
• IBM average quick ratio for 2022 was 0.86, a 4.88% increase from 2021.
• IBM average quick ratio for 2021 was 0.82, a 14.58% increase 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.