• Nova average current ratio for 2023 was 2.84, a 29.35% decline from 2022.
• Nova average current ratio for 2022 was 4.02, a 13.88% decline from 2021.
• Nova average current ratio for 2021 was 3.53, a 51.58% increase from 2020.

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