• Trimble average quick ratio for 2023 was 1.01, a 27.85% decline from 2022.
• Trimble average quick ratio for 2022 was 0.79, a 17.71% increase from 2021.
• Trimble average quick ratio for 2021 was 0.96, a 37.14% 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.