• XPeng average quick ratio for 2023 was 1.42, a 21.11% decline from 2022.
• XPeng average quick ratio for 2022 was 1.8, a 49.15% decline from 2021.
• XPeng average quick ratio for 2021 was 3.54, a 18.24% 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.