• 3M average current ratio for 2023 was 1.25, a 18.83% increase from 2022.
• 3M average current ratio for 2022 was 1.54, a 11.49% decline from 2021.
• 3M average current ratio for 2021 was 1.74, a 5.95% decline from 2020.

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