• Alfa Laval AB average current ratio for 2023 was 1.28, a 7.25% increase from 2022.
• Alfa Laval AB average current ratio for 2022 was 1.38, a 6.98% decline from 2021.
• Alfa Laval AB average current ratio for 2021 was 1.29, a 17.83% increase from 2020.

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