• VALE S.A average quick ratio for 2023 was 0.79, a 5.95% decline from 2022.
• VALE S.A average quick ratio for 2022 was 0.84, a 34.88% decline from 2021.
• VALE S.A average quick ratio for 2021 was 1.29, a 5.84% 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.