• Nippon Paint Holdings average quick ratio for 2023 was 1.46, a 24.79% increase from 2022.
• Nippon Paint Holdings average quick ratio for 2022 was 1.17, a 9.3% increase from 2021.
• Nippon Paint Holdings average quick ratio for 2021 was 1.29, a 18.35% 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.