• Heico average price to free cash flow ratio for 2023 was 56.73, a 10.65% increase from 2022.
• Heico average price to free cash flow ratio for 2022 was 51.27, a 12.09% increase from 2021.
• Heico average price to free cash flow ratio for 2021 was 45.74, a 34.93% increase from 2020.

Price to free cash flow ratio can be defined as