• Target average current ratio for 2023 was 0.87, a 2.25% increase from 2022.
• Target average current ratio for 2022 was 0.89, a 13.59% decline from 2021.
• Target average current ratio for 2021 was 1.03, a 0.98% decline from 2020.

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