• Itron average quick ratio for 2023 was 1.3, a 5.69% increase from 2022.
• Itron average quick ratio for 2022 was 1.23, a 0% increase from 2021.
• Itron average quick ratio for 2021 was 1.23, a 28.9% 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.