• 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.
• Carpenter Technology average current ratio for 2021 was 3.72, a 4.2% decline from 2020.

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