• Lithia Motors average current ratio for 2023 was 1.35, a 11.18% decline from 2022.
• Lithia Motors average current ratio for 2022 was 1.52, a 9.35% decline from 2021.
• Lithia Motors average current ratio for 2021 was 1.39, a 11.2% increase from 2020.

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