• Hoya average quick ratio for 2023 was 3.99, a 0.25% increase from 2022.
• Hoya average quick ratio for 2022 was 4, a 0.25% decline from 2021.
• Hoya average quick ratio for 2021 was 4.01, a 4.43% 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.