• Wolters Kluwer average quick ratio for 2022 was 0.72, a 13.25% decline from 2021.
• Wolters Kluwer average quick ratio for 2021 was 0.83, a 27.69% decline from 2020.
• Wolters Kluwer average quick ratio for 2020 was 0.65, a 1.56% increase from 2019.

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.