• 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.
• HP average quick ratio for 2021 was 0.47, a 14.55% increase 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.