• Synopsys average quick ratio for 2023 was 1.06, a 1.85% increase from 2022.
• Synopsys average quick ratio for 2022 was 1.08, a 1.89% decline from 2021.
• Synopsys average quick ratio for 2021 was 1.06, a 10.42% 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.