• Lowe's average quick ratio for 2024 was 0.23, a 15% decline from 2023.
• Lowe's average quick ratio for 2023 was 0.2, a 0% increase from 2022.
• Lowe's average quick ratio for 2022 was 0.2, a 44.44% decline from 2021.

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.