• Chemed average quick ratio for 2023 was 1.21, a 72.86% increase from 2022.
• Chemed average quick ratio for 2022 was 0.7, a 21.35% increase from 2021.
• Chemed average quick ratio for 2021 was 0.89, a 9.88% 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.