• Copart average current ratio for 2023 was 5.93, a 16.27% increase from 2022.
• Copart average current ratio for 2022 was 5.1, a 34.92% increase from 2021.
• Copart average current ratio for 2021 was 3.78, a 45.38% increase from 2020.

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