• Shimano average quick ratio for 2023 was 7.92, a 45.59% increase from 2022.
• Shimano average quick ratio for 2022 was 5.44, a 12.54% increase from 2021.
• Shimano average quick ratio for 2021 was 6.22, a 8.26% 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.