• Johnson Controls average quick ratio for 2024 was 0.76, a 2.56% increase from 2023.
• Johnson Controls average quick ratio for 2023 was 0.78, a 0% decline from 2022.
• Johnson Controls average quick ratio for 2022 was 0.78, a 10.34% decline from 2021.

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.