• Imperial Oil average current ratio for 2023 was 1.39, a 13.93% increase from 2022.
• Imperial Oil average current ratio for 2022 was 1.22, a 10.95% increase from 2021.
• Imperial Oil average current ratio for 2021 was 1.37, a 6.2% decline from 2020.

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