• Arrow Electronics average current ratio for 2023 was 1.52, a 2.01% decline from 2022.
• Arrow Electronics average current ratio for 2022 was 1.49, a 3.47% increase from 2021.
• Arrow Electronics average current ratio for 2021 was 1.44, a 1.37% increase from 2020.

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