• State Street average current ratio for 2023 was 0.52, a 3.7% increase from 2022.
• State Street average current ratio for 2022 was 0.54, a 1.82% decline from 2021.
• State Street average current ratio for 2021 was 0.55, a 0% decline from 2020.

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