• Alkermes average quick ratio for 2023 was 2.35, a 22.4% increase from 2022.
• Alkermes average quick ratio for 2022 was 1.92, a 11.93% increase from 2021.
• Alkermes average quick ratio for 2021 was 2.18, a 9.17% 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.