• Intel average quick ratio for 2023 was 1.18, a 15.71% increase from 2022.
• Intel average quick ratio for 2022 was 1.4, a 15.66% decline from 2021.
• Intel average quick ratio for 2021 was 1.66, a 15.28% 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.