• Diageo average current ratio for 2023 was 1.61, a 3.87% decline from 2022.
• Diageo average current ratio for 2022 was 1.55, a 0.64% increase from 2021.
• Diageo average current ratio for 2021 was 1.56, a 11.86% decline from 2020.

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