• Colgate-Palmolive average current ratio for 2023 was 1.17, a 0.85% decline from 2022.
• Colgate-Palmolive average current ratio for 2022 was 1.18, a 9.26% decline from 2021.
• Colgate-Palmolive average current ratio for 2021 was 1.08, a 12.5% increase from 2020.

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