• Bank Of America average current ratio for 2023 was 0.82, a 7.89% decline from 2022.
• Bank Of America average current ratio for 2022 was 0.76, a 1.33% increase from 2021.
• Bank Of America average current ratio for 2021 was 0.75, a 15.73% increase from 2020.

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