• Macerich average current ratio for 2023 was 0.97, a 11.01% decline from 2022.
• Macerich average current ratio for 2022 was 1.09, a 47.85% decline from 2021.
• Macerich average current ratio for 2021 was 2.09, a 20.53% decline from 2020.

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