• Universal Health Services average quick ratio for 2023 was 1.25, a 11.61% decline from 2022.
• Universal Health Services average quick ratio for 2022 was 1.12, a 1.82% increase from 2021.
• Universal Health Services average quick ratio for 2021 was 1.1, a 3.77% 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.