• AGCO average current ratio for 2023 was 1.56, a 0.65% decline from 2022.
• AGCO average current ratio for 2022 was 1.55, a 15.67% increase from 2021.
• AGCO average current ratio for 2021 was 1.34, a 4.96% increase from 2020.

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