• Quanta Services average quick ratio for 2023 was 1.56, a 0.65% decline from 2022.
• Quanta Services average quick ratio for 2022 was 1.55, a 14.84% increase from 2021.
• Quanta Services average quick ratio for 2021 was 1.82, a 7.06% 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.