• Somnigroup average quick ratio for 2024 was 0.67, a 4.29% decline from 2023.
• Somnigroup average quick ratio for 2023 was 0.7, a 11.11% decline from 2022.
• Somnigroup average quick ratio for 2022 was 0.63, a 26.74% increase from 2021.

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.