• Denso average current ratio for 2023 was 1.78, a 5.32% increase from 2022.
• Denso average current ratio for 2022 was 1.88, a 3.87% decline from 2021.
• Denso average current ratio for 2021 was 1.81, a 35.07% increase from 2020.

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