• Ulta Beauty average quick ratio for 2023 was 0.49, a 2% increase from 2022.
• Ulta Beauty average quick ratio for 2022 was 0.5, a 35.9% decline from 2021.
• Ulta Beauty average quick ratio for 2021 was 0.78, a 21.21% 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.