• Verizon average quick ratio for 2023 was 0.67, a 4.29% decline from 2022.
• Verizon average quick ratio for 2022 was 0.7, a 19.54% decline from 2021.
• Verizon average quick ratio for 2021 was 0.87, a 17.92% 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.