• Kirby average quick ratio for 2023 was 1.07, a 14.4% decline from 2022.
• Kirby average quick ratio for 2022 was 1.25, a 4.58% decline from 2021.
• Kirby average quick ratio for 2021 was 1.31, a 23.39% 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.