• Rentokil Initial average quick ratio for 2022 was 1.42, a 54.35% decline from 2021.
• Rentokil Initial average quick ratio for 2021 was 0.92, a 6.12% increase from 2020.
• Rentokil Initial average quick ratio for 2020 was 0.98, a 10.11% decline from 2019.

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.