• FirstEnergy average current ratio for 2023 was 0.57, a 10.94% decline from 2022.
• FirstEnergy average current ratio for 2022 was 0.64, a 11.11% decline from 2021.
• FirstEnergy average current ratio for 2021 was 0.72, a 4.35% decline from 2020.

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