• Applied Materials average current ratio for 2023 was 2.37, a 2.6% increase from 2022.
• Applied Materials average current ratio for 2022 was 2.31, a 21.69% increase from 2021.
• Applied Materials average current ratio for 2021 was 2.95, a 8.46% decline from 2020.

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