• Tower Semiconductor average current ratio for 2023 was 5.45, a 42.3% increase from 2022.
• Tower Semiconductor average current ratio for 2022 was 3.83, a 3.04% increase from 2021.
• Tower Semiconductor average current ratio for 2021 was 3.95, a 2.07% decline from 2020.

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