• S&P Global average current ratio for 2023 was 0.86, a 21.82% increase from 2022.
• S&P Global average current ratio for 2022 was 1.1, a 48.36% decline from 2021.
• S&P Global average current ratio for 2021 was 2.13, a 39.22% decline from 2020.

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