• Novartis AG average quick ratio for 2023 was 0.84, a 20.75% decline from 2022.
• Novartis AG average quick ratio for 2022 was 1.06, a 41.33% decline from 2021.
• Novartis AG average quick ratio for 2021 was 0.75, a 20.97% 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.