• Insmed average quick ratio for 2023 was 4.62, a 13.32% decline from 2022.
• Insmed average quick ratio for 2022 was 5.33, a 26.28% decline from 2021.
• Insmed average quick ratio for 2021 was 7.23, a 6.32% 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.