• Honda average current ratio for 2023 was 1.45, a 0.68% decline from 2022.
• Honda average current ratio for 2022 was 1.46, a 9.77% decline from 2021.
• Honda average current ratio for 2021 was 1.33, a 3.91% increase from 2020.

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