• Cummins average current ratio for 2023 was 1.33, a 11.33% decline from 2022.
• Cummins average current ratio for 2022 was 1.5, a 16.2% decline from 2021.
• Cummins average current ratio for 2021 was 1.79, a 7.83% decline from 2020.

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