• HP average quick ratio for 2024 was 0.44, a 4.76% decline from 2023.
• HP average quick ratio for 2023 was 0.42, a 14.29% increase from 2022.
• HP average quick ratio for 2022 was 0.49, a 4.26% decline from 2021.

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.