• Ricoh average quick ratio for 2023 was 0.98, a 9.26% increase from 2022.
• Ricoh average quick ratio for 2022 was 1.08, a 12.2% decline from 2021.
• Ricoh average quick ratio for 2021 was 1.23, a 8.89% 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.