• Walgreens average quick ratio for 2023 was 0.31, a 18.42% decline from 2022.
• Walgreens average quick ratio for 2022 was 0.38, a 19.15% decline from 2021.
• Walgreens average quick ratio for 2021 was 0.47, a 38.24% 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.