• Avery Dennison average current ratio for 2023 was 1.07, a 5.94% decline from 2022.
• Avery Dennison average current ratio for 2022 was 1.01, a 15.13% increase from 2021.
• Avery Dennison average current ratio for 2021 was 1.19, a 3.25% decline from 2020.

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