• Coherent average current ratio for 2023 was 2.99, a 6.03% decline from 2022.
• Coherent average current ratio for 2022 was 2.82, a 15.57% increase from 2021.
• Coherent average current ratio for 2021 was 3.34, a 13.61% decline from 2020.

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