I have just now gotten around to looking at this metric and I'm very surpised. My waist is 40", meaning at my smallest circumference, and the hip measure, at 46.5, is my largest. I'm assuming this is what is meant.
So, I get .86 for my ratio. The first site I used, Healthline, says the line between "moderate" and "high", is .85 and .86. When I googled with "obesity" as a search term, it reduced the precision to .8. Either way, I was surprised, as I thought I had read that simply by weight, women in their sixties were still tagged as obese in the low 160s or so. I don't know where I got that, since I now can't find any reference to classification by weight other than as a factor of BMI. By that measure, I need to come down another 1.3 or so.
So, the upshot is, I'm pretty darned close to stepping down to being simply "overweight", and not actually obese.