• Philip Morris average quick ratio for 2023 was 0.4, a 18.37% increase from 2022.
• Philip Morris average quick ratio for 2022 was 0.49, a 12.5% decline from 2021.
• Philip Morris average quick ratio for 2021 was 0.56, a 0% 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.