• Nidec average quick ratio for 2023 was 1.01, a 12.22% increase from 2022.
• Nidec average quick ratio for 2022 was 0.9, a 12.62% increase from 2021.
• Nidec average quick ratio for 2021 was 1.03, a 4.04% 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.