• Honeywell average current ratio for 2023 was 1.32, a 7.32% decline from 2022.
• Honeywell average current ratio for 2022 was 1.23, a 9.56% increase from 2021.
• Honeywell average current ratio for 2021 was 1.36, a 9.93% decline from 2020.

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