• Silicon Laboratories average quick ratio for 2023 was 3, a 60.32% increase from 2022.
• Silicon Laboratories average quick ratio for 2022 was 7.56, a 38.46% decline from 2021.
• Silicon Laboratories average quick ratio for 2021 was 5.46, a 21.6% increase 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.