• UGI average quick ratio for 2023 was 0.83, a 34.65% decline from 2022.
• UGI average quick ratio for 2022 was 1.27, a 8.55% decline from 2021.
• UGI average quick ratio for 2021 was 1.17, a 42.68% 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.