• Imperial Oil average quick ratio for 2023 was 1.13, a 6.6% increase from 2022.
• Imperial Oil average quick ratio for 2022 was 1.06, a 5.36% increase from 2021.
• Imperial Oil average quick ratio for 2021 was 1.12, a 16.67% 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.