• Hanover Insurance average current ratio for 2023 was 0.38, a 2.56% increase from 2022.
• Hanover Insurance average current ratio for 2022 was 0.39, a 0% decline from 2021.
• Hanover Insurance average current ratio for 2021 was 0.39, a 2.5% decline from 2020.

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