• Trex average quick ratio for 2023 was 0.88, a 30.71% decline from 2022.
• Trex average quick ratio for 2022 was 1.27, a 42.79% decline from 2021.
• Trex average quick ratio for 2021 was 2.22, a 9.39% 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.