• Fastenal average current ratio for 2023 was 4.3, a 9.41% increase from 2022.
• Fastenal average current ratio for 2022 was 3.93, a 4.61% increase from 2021.
• Fastenal average current ratio for 2021 was 4.12, a 2.14% decline from 2020.

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