• Lincoln Electric Holdings average current ratio for 2023 was 2.07, a 23.95% decline from 2022.
• Lincoln Electric Holdings average current ratio for 2022 was 1.67, a 6.18% increase from 2021.
• Lincoln Electric Holdings average current ratio for 2021 was 1.78, a 3.26% decline from 2020.

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