• Group 1 Automotive average quick ratio for 2023 was 0.3, a 9.09% decline from 2022.
• Group 1 Automotive average quick ratio for 2022 was 0.33, a 32.65% decline from 2021.
• Group 1 Automotive average quick ratio for 2021 was 0.49, a 88.46% decline 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.