• Verizon average current ratio for 2023 was 0.71, a 6.58% decline from 2022.
• Verizon average current ratio for 2022 was 0.76, a 17.39% decline from 2021.
• Verizon average current ratio for 2021 was 0.92, a 16.36% decline from 2020.

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