• Sonoco Products average quick ratio for 2023 was 1, a 28.21% decline from 2022.
• Sonoco Products average quick ratio for 2022 was 0.78, a 4.88% increase from 2021.
• Sonoco Products average quick ratio for 2021 was 0.82, a 17.17% 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.