• UPS average current ratio for 2023 was 1.25, a 10.71% decline from 2022.
• UPS average current ratio for 2022 was 1.4, a 0% decline from 2021.
• UPS average current ratio for 2021 was 1.4, a 12.9% decline from 2020.

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