• Graco average current ratio for 2023 was 3.3, a 10% increase from 2022.
• Graco average current ratio for 2022 was 3, a 5.06% increase from 2021.
• Graco average current ratio for 2021 was 3.16, a 3.95% decline from 2020.

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