• Watsco average quick ratio for 2023 was 1.27, a 17.59% increase from 2022.
• Watsco average quick ratio for 2022 was 1.08, a 7.69% increase from 2021.
• Watsco average quick ratio for 2021 was 1.17, a 9.3% 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.