• Exponent average current ratio for 2023 was 2.67, a 0.74% increase from 2022.
• Exponent average current ratio for 2022 was 2.69, a 20.65% decline from 2021.
• Exponent average current ratio for 2021 was 3.39, a 2.31% decline from 2020.

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