• Ryder System average quick ratio for 2023 was 0.42, a 12.5% decline from 2022.
• Ryder System average quick ratio for 2022 was 0.48, a 23.81% decline from 2021.
• Ryder System average quick ratio for 2021 was 0.63, a 19.23% 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.