• Penske Automotive average quick ratio for 2024 was 0.21, a 16% increase from 2023.
• Penske Automotive average quick ratio for 2023 was 0.25, a 3.85% decline from 2022.
• Penske Automotive average quick ratio for 2022 was 0.26, a 4% decline from 2021.

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.