• CVS Health average quick ratio for 2023 was 0.65, a 1.52% decline from 2022.
• CVS Health average quick ratio for 2022 was 0.66, a 1.54% decline from 2021.
• CVS Health average quick ratio for 2021 was 0.65, a 4.41% increase 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.