• FactSet Research Systems average current ratio for 2023 was 1.87, a 25.2% decline from 2022.
• FactSet Research Systems average current ratio for 2022 was 2.5, a 22.6% decline from 2021.
• FactSet Research Systems average current ratio for 2021 was 3.23, a 6.95% decline from 2020.

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