• Pfizer average quick ratio for 2023 was 1.42, a 20.34% decline from 2022.
• Pfizer average quick ratio for 2022 was 1.18, a 1.72% increase from 2021.
• Pfizer average quick ratio for 2021 was 1.16, a 12.62% 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.