• Royal Gold average quick ratio for 2023 was 2.52, a 34.72% decline from 2022.
• Royal Gold average quick ratio for 2022 was 3.86, a 19.75% decline from 2021.
• Royal Gold average quick ratio for 2021 was 4.81, a 27.34% 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.