• Ryder System average current ratio for 2023 was 0.59, a 10.61% increase from 2022.
• Ryder System average current ratio for 2022 was 0.66, a 1.54% decline from 2021.
• Ryder System average current ratio for 2021 was 0.65, a 18.75% increase from 2020.

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