• Procter & Gamble average quick ratio for 2023 was 0.44, a 2.33% increase from 2022.
• Procter & Gamble average quick ratio for 2022 was 0.43, a 15.69% increase from 2021.
• Procter & Gamble average quick ratio for 2021 was 0.51, a 21.54% 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.