• Norsk Hydro average quick ratio for 2023 was 1.31, a 0.76% decline from 2022.
• Norsk Hydro average quick ratio for 2022 was 1.32, a 7.69% decline from 2021.
• Norsk Hydro average quick ratio for 2021 was 1.43, a 2.88% 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.