• Merck average quick ratio for 2024 was 1.13, a 3.67% increase from 2023.
• Merck average quick ratio for 2023 was 1.09, a 8.4% increase from 2022.
• Merck average quick ratio for 2022 was 1.19, a 21.43% 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.