• Sandvik AB average quick ratio for 2023 was 0.88, a 15.38% decline from 2022.
• Sandvik AB average quick ratio for 2022 was 1.04, a 12.61% decline from 2021.
• Sandvik AB average quick ratio for 2021 was 1.19, a 17.93% 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.