• Morningstar average current ratio for 2023 was 0.95, a 8.65% increase from 2022.
• Morningstar average current ratio for 2022 was 1.04, a 9.57% decline from 2021.
• Morningstar average current ratio for 2021 was 1.15, a 4.17% decline from 2020.

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