• Yara average quick ratio for 2023 was 0.95, a 18.75% decline from 2022.
• Yara average quick ratio for 2022 was 0.8, a 6.98% increase from 2021.
• Yara average quick ratio for 2021 was 0.86, a 30.08% 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.