• Kone Oyj average quick ratio for 2023 was 0.92, a 4.17% decline from 2022.
• Kone Oyj average quick ratio for 2022 was 0.96, a 6.8% decline from 2021.
• Kone Oyj average quick ratio for 2021 was 1.03, a 2.83% 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.