• Baker Hughes average current ratio for 2023 was 1.28, a 14.09% decline from 2022.
• Baker Hughes average current ratio for 2022 was 1.49, a 6.88% decline from 2021.
• Baker Hughes average current ratio for 2021 was 1.6, a 7.38% decline from 2020.

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