• Baxter average current ratio for 2023 was 1.64, a 17.17% decline from 2022.
• Baxter average current ratio for 2022 was 1.98, a 15.02% decline from 2021.
• Baxter average current ratio for 2021 was 2.33, a 14.34% decline from 2020.

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