• Choice Hotels average current ratio for 2023 was 0.73, a 41.13% increase from 2022.
• Choice Hotels average current ratio for 2022 was 1.24, a 21.02% decline from 2021.
• Choice Hotels average current ratio for 2021 was 1.57, a 19.49% decline from 2020.

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