• Moody's average current ratio for 2023 was 1.66, a 5.73% increase from 2022.
• Moody's average current ratio for 2022 was 1.57, a 17.8% increase from 2021.
• Moody's average current ratio for 2021 was 1.91, a 8.17% decline from 2020.

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