• American Electric Power average current ratio for 2023 was 0.59, a 11.94% decline from 2022.
• American Electric Power average current ratio for 2022 was 0.67, a 28.85% decline from 2021.
• American Electric Power average current ratio for 2021 was 0.52, a 15.56% increase from 2020.

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