• Piper Sandler average current ratio for 2023 was 1.32, a 2.22% decline from 2022.
• Piper Sandler average current ratio for 2022 was 1.35, a 1.5% decline from 2021.
• Piper Sandler average current ratio for 2021 was 1.33, a 2.31% increase from 2020.

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