• Louisiana-Pacific average quick ratio for 2023 was 1.3, a 26.97% increase from 2022.
• Louisiana-Pacific average quick ratio for 2022 was 1.78, a 20.54% decline from 2021.
• Louisiana-Pacific average quick ratio for 2021 was 2.24, a 15.47% 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.