• Carpenter Technology average current ratio for 2024 was 3.57, a 28.88% increase from 2023.
• Carpenter Technology average current ratio for 2023 was 2.77, a 5.32% increase from 2022.
• Carpenter Technology average current ratio for 2022 was 2.63, a 29.3% increase from 2021.

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