• Halma average quick ratio for 2023 was 1.7, a 18.88% decline from 2022.
• Halma average quick ratio for 2022 was 1.43, a 11.73% increase from 2021.
• Halma average quick ratio for 2021 was 1.62, a 24.62% 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.