What is the best algorithm to determine whether an $n \times n$ matrix is ​invertible or not?

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I want to find the best algorithm to determine if an $n \times n$ matrix is ​​invertible in high dimensions...

Is the best way to determine the invertibility of a matrix is ​​to calculate the determinant of that matrix? If the determinant is $0$, then it is not invertible, and if it is non-zero, then it is invertible... right? I also found a theorem that I did not understand how to use it:

An $n \times n$ matrix $A$ is invertible if and only if it is row equivalent to the $n \times n$ identity matrix $I$.