• First Horizon average current ratio for 2023 was 0.95, a 0% decline from 2022.
• First Horizon average current ratio for 2022 was 0.95, a 1.04% decline from 2021.
• First Horizon average current ratio for 2021 was 0.96, a 1.05% decline from 2020.

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