• AutoZone average current ratio for 2023 was 0.79, a 2.6% decline from 2022.
• AutoZone average current ratio for 2022 was 0.77, a 11.49% increase from 2021.
• AutoZone average current ratio for 2021 was 0.87, a 13% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.