• Southern average current ratio for 2023 was 0.78, a 2.5% increase from 2022.
• Southern average current ratio for 2022 was 0.8, a 3.61% decline from 2021.
• Southern average current ratio for 2021 was 0.83, a 6.74% decline from 2020.

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