• Lincoln Electric Holdings average quick ratio for 2023 was 1.29, a 35.79% decline from 2022.
• Lincoln Electric Holdings average quick ratio for 2022 was 0.95, a 12.04% increase from 2021.
• Lincoln Electric Holdings average quick ratio for 2021 was 1.08, a 5.26% 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.