• Penske Automotive average current ratio for 2023 was 1.01, a 3.06% decline from 2022.
• Penske Automotive average current ratio for 2022 was 0.98, a 4.26% increase from 2021.
• Penske Automotive average current ratio for 2021 was 0.94, a 5.05% increase from 2020.

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