• Copart average quick ratio for 2023 was 5.84, a 17.27% increase from 2022.
• Copart average quick ratio for 2022 was 4.98, a 34.96% increase from 2021.
• Copart average quick ratio for 2021 was 3.69, a 45.28% 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.