• NetApp average quick ratio for 2023 was 1.22, a 12.23% decline from 2022.
• NetApp average quick ratio for 2022 was 1.39, a 19.19% decline from 2021.
• NetApp average quick ratio for 2021 was 1.72, a 25.55% 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.