• Home Depot average current ratio for 2023 was 1.32, a 12.82% decline from 2022.
• Home Depot average current ratio for 2022 was 1.17, a 3.54% increase from 2021.
• Home Depot average current ratio for 2021 was 1.13, a 8.13% increase from 2020.

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