• Masimo average quick ratio for 2023 was 1.2, a 38.78% decline from 2022.
• Masimo average quick ratio for 2022 was 1.96, a 50.13% decline from 2021.
• Masimo average quick ratio for 2021 was 3.93, a 10.07% 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.