• Emerson Electric average current ratio for 2023 was 1.86, a 51.22% decline from 2022.
• Emerson Electric average current ratio for 2022 was 1.23, a 17.45% increase from 2021.
• Emerson Electric average current ratio for 2021 was 1.49, a 18.25% decline from 2020.

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