• Quest Diagnostics average quick ratio for 2023 was 1.06, a 18.46% increase from 2022.
• Quest Diagnostics average quick ratio for 2022 was 1.3, a 10.96% decline from 2021.
• Quest Diagnostics average quick ratio for 2021 was 1.46, a 8.15% 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.