• IES Holdings average quick ratio for 2023 was 1.39, a 5.3% increase from 2022.
• IES Holdings average quick ratio for 2022 was 1.32, a 0% increase from 2021.
• IES Holdings average quick ratio for 2021 was 1.32, a 4.35% 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.