• Johnson Controls average current ratio for 2023 was 1.01, a 0% decline from 2022.
• Johnson Controls average current ratio for 2022 was 1.01, a 9.01% decline from 2021.
• Johnson Controls average current ratio for 2021 was 1.11, a 1.77% decline from 2020.

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