• Equifax average current ratio for 2023 was 0.91, a 54.24% decline from 2022.
• Equifax average current ratio for 2022 was 0.59, a 31.4% increase from 2021.
• Equifax average current ratio for 2021 was 0.86, a 18.87% decline from 2020.

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