• NIKE average quick ratio for 2023 was 1.82, a 3.7% decline from 2022.
• NIKE average quick ratio for 2022 was 1.89, a 13.7% decline from 2021.
• NIKE average quick ratio for 2021 was 2.19, a 34.36% 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.