• Cencora average quick ratio for 2023 was 0.52, a 5.45% increase from 2022.
• Cencora average quick ratio for 2022 was 0.55, a 6.78% decline from 2021.
• Cencora average quick ratio for 2021 was 0.59, a 3.28% 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.