• Canon average current ratio for 2023 was 1.49, a 13.87% decline from 2022.
• Canon average current ratio for 2022 was 1.73, a 15.33% decline from 2021.
• Canon average current ratio for 2021 was 1.5, a 7.41% increase from 2020.

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