• Johnson & Johnson average current ratio for 2023 was 1.14, a 12.98% decline from 2022.
• Johnson & Johnson average current ratio for 2022 was 1.31, a 2.24% decline from 2021.
• Johnson & Johnson average current ratio for 2021 was 1.34, a 2.29% decline from 2020.

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