• Tokyo Electron average quick ratio for 2023 was 1.43, a 19.66% decline from 2022.
• Tokyo Electron average quick ratio for 2022 was 1.78, a 15.24% decline from 2021.
• Tokyo Electron average quick ratio for 2021 was 2.1, a 45.83% 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.