• Lear average quick ratio for 2023 was 1.05, a 1.94% decline from 2022.
• Lear average quick ratio for 2022 was 1.03, a 2.83% increase from 2021.
• Lear average quick ratio for 2021 was 1.06, a 1.92% 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.