• Flex average current ratio for 2023 was 1.52, a 14.29% decline from 2022.
• Flex average current ratio for 2022 was 1.33, a 6.34% increase from 2021.
• Flex average current ratio for 2021 was 1.42, a 1.43% decline from 2020.

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