• Eaton average current ratio for 2023 was 1.5, a 29.31% increase from 2022.
• Eaton average current ratio for 2022 was 1.16, a 5.69% increase from 2021.
• Eaton average current ratio for 2021 was 1.23, a 22.15% decline from 2020.

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