• Taiwan Semiconductor Manufacturing average quick ratio for 2023 was 2.03, a 2.53% increase from 2022.
• Taiwan Semiconductor Manufacturing average quick ratio for 2022 was 1.98, a 16.47% increase from 2021.
• Taiwan Semiconductor Manufacturing average quick ratio for 2021 was 1.7, a 22.3% 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.