• Heico average current ratio for 2023 was 3.17, a 1.25% increase from 2022.
• Heico average current ratio for 2022 was 3.21, a 22.46% decline from 2021.
• Heico average current ratio for 2021 was 4.14, a 5.91% decline from 2020.

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