• Reliance average current ratio for 2023 was 5.3, a 53.62% decline from 2022.
• Reliance average current ratio for 2022 was 3.45, a 18.25% increase from 2021.
• Reliance average current ratio for 2021 was 4.22, a 9.05% decline from 2020.

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