• Ecopetrol S.A average quick ratio for 2023 was 0.9, a 21.05% increase from 2022.
• Ecopetrol S.A average quick ratio for 2022 was 1.14, a 8.06% decline from 2021.
• Ecopetrol S.A average quick ratio for 2021 was 1.24, a 74.65% 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.