• Donaldson average current ratio for 2023 was 1.86, a 16.22% decline from 2022.
• Donaldson average current ratio for 2022 was 2.22, a 1.83% decline from 2021.
• Donaldson average current ratio for 2021 was 2.18, a 17.11% increase from 2020.

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