• Reliance average quick ratio for 2023 was 3, a 54.64% decline from 2022.
• Reliance average quick ratio for 2022 was 1.94, a 18.14% increase from 2021.
• Reliance average quick ratio for 2021 was 2.37, a 1.72% 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.