• Lennar average quick ratio for 2023 was 1.38, a 56.82% decline from 2022.
• Lennar average quick ratio for 2022 was 0.88, a 41.33% increase from 2021.
• Lennar average quick ratio for 2021 was 1.5, a 14.5% 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.