• Armstrong World Industries average current ratio for 2023 was 1.93, a 11.56% decline from 2022.
• Armstrong World Industries average current ratio for 2022 was 1.73, a 0.57% increase from 2021.
• Armstrong World Industries average current ratio for 2021 was 1.74, a 16.35% decline from 2020.

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