• Johnson & Johnson average quick ratio for 2023 was 0.9, a 16.67% decline from 2022.
• Johnson & Johnson average quick ratio for 2022 was 1.08, a 1.82% decline from 2021.
• Johnson & Johnson average quick ratio for 2021 was 1.1, a 2.8% 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.