• American Express average current ratio for 2023 was 1.59, a 1.85% increase from 2022.
• American Express average current ratio for 2022 was 1.62, a 1.89% decline from 2021.
• American Express average current ratio for 2021 was 1.59, a 1.27% increase from 2020.

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