• Croda average current ratio for 2023 was 3.15, a 32.35% decline from 2022.
• Croda average current ratio for 2022 was 2.38, a 21.43% increase from 2021.
• Croda average current ratio for 2021 was 1.96, a 9.26% increase from 2020.

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