• Carlisle average current ratio for 2023 was 2.98, a 53.61% decline from 2022.
• Carlisle average current ratio for 2022 was 1.94, a 28.41% increase from 2021.
• Carlisle average current ratio for 2021 was 2.71, a 25.55% decline from 2020.

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