• Textron average quick ratio for 2023 was 0.97, a 22.4% decline from 2022.
• Textron average quick ratio for 2022 was 1.25, a 14.97% decline from 2021.
• Textron average quick ratio for 2021 was 1.47, a 18.55% 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.