• NewJersey Resources average quick ratio for 2023 was 0.52, a 3.7% decline from 2022.
• NewJersey Resources average quick ratio for 2022 was 0.54, a 14.29% decline from 2021.
• NewJersey Resources average quick ratio for 2021 was 0.63, a 1.56% 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.