• TKOs average quick ratio for 2023 was 1.34, a 17.54% decline from 2022.
• TKOs average quick ratio for 2022 was 1.14, a 25% increase from 2021.
• TKOs average quick ratio for 2021 was 1.52, a 13.43% 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.