• Garmin average current ratio for 2023 was 3.33, a 10.26% decline from 2022.
• Garmin average current ratio for 2022 was 3.02, a 1.95% increase from 2021.
• Garmin average current ratio for 2021 was 3.08, a 2.84% decline from 2020.

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