• FedEx average current ratio for 2023 was 1.35, a 2.88% decline from 2022.
• FedEx average current ratio for 2022 was 1.39, a 9.15% decline from 2021.
• FedEx average current ratio for 2021 was 1.53, a 1.92% decline from 2020.

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