• Westlake average quick ratio for 2023 was 1.97, a 22.36% decline from 2022.
• Westlake average quick ratio for 2022 was 1.61, a 27.48% increase from 2021.
• Westlake average quick ratio for 2021 was 2.22, a 0.45% 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.