• LY average current ratio for 2023 was 0.87, a 5.43% increase from 2022.
• LY average current ratio for 2022 was 0.92, a 2.13% decline from 2021.
• LY average current ratio for 2021 was 0.94, a 4.44% decline from 2020.

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