• Lithia Motors average quick ratio for 2023 was 0.35, a 20.45% decline from 2022.
• Lithia Motors average quick ratio for 2022 was 0.44, a 6.38% decline from 2021.
• Lithia Motors average quick ratio for 2021 was 0.47, a 74.07% 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.