• Air Canada average current ratio for 2023 was 1.03, a 9.65% decline from 2022.
• Air Canada average current ratio for 2022 was 1.14, a 11.63% decline from 2021.
• Air Canada average current ratio for 2021 was 1.29, a 9.32% decline from 2020.

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